HomeMy WebLinkAboutItem GAGENDA REPORTf�Y
DATE: March 11, 2002
TO: Honorable Mayor and City Council
THRU: John B. Bahorski, City Manager
FROM: Pamela Arends -King, Director of Administrative Services/Treasurer
SUBJECT: Budget Amendments
SUMMARY OF REOUEST:
Staff requests City Council approve the following budget amendments.
BACKGROUND:
The City is using the same amount of paper and office supplies as prior years and
therefore needs a budget adjustment of $9,000 to bring the office supply budget in line
with what we have spent in the past. The City is also doing more digital printing than
anticipated and therefore needs a budget amendment of $2,900 to reflect our revised
estimate of equipment rental for the fiscal year. The City originally had an Information
System budget of $75,000. Approved by Council with an October budget amendment,
MTSI, the City's new Information Systems consultants were contracted with for $96,000
per year. MTSI is spending more time than anticipated to restructure the network and
maintain the website. Therefore another budget amendment is needed to increase
contract professional services by $13,605. Finally, the City has received a one time
business license fee from Boeing and the Finance Department is requesting a revenue
estimate increase of $557,266 to business licenses.
FISCAL IMPACT:
The total proposed budget amendment increases expenditures by $25,505 and increases
revenues by $557,266. All the budget amendments are covered by andesignated fund
balance. The current undesignated fund balance is $3,012,064. The proposed budget
amendment will increase undesignated fund balance by $531,761 to $3,543,825.
Staff recommends City Council approve a resolution amending the budget for the
aforementioned estimate changes.
Agenda Ire.—O-
J w
March 11, 2002
Boeing, MTSI and Mix.
Pamela Arends -King