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AGENDA REPORT
DATE: March 25, 2002
TO: Honorable Mayor and City Council ✓ /
THRU: John B. Baborski, City Manager / 2
FROM: Doug Dares P.E. Director of Public Works/City Enginff
2
SUBJECT: Budget Amendments �Lm /\ V
SUMMARY OF REOUEST:
Staff requests City Council approve the following budget amendment.
BACKGROUND:
The City of Seal Beach purchased 201 8ih Street and took over responsibility of the building on
August 24, 2001. No monies were allocated for the property in the 2001 / 2002 budget because
of the recent building acceptance date. The building has been added to the City's maintenance
inventory, and an amendment to the budget is necessary to secure funds for operation and
maintenance of the building.
FISCAL IMPACT:
The total proposed budget amendment is $2,500 for the remainder of this fiscal year. This is for
the required ongoing maintenance for 201 8`b Street and will be covered from the general
undesignated fund balance. The current general undesignated fund balance is $3,501,816. The
proposed general budget amendment will decrease undesignated fund balance by 52,500 to
$3,499,316. it is anticipated that the maintenance budget for the building will be approximately
$8,000 in the next fiscal year.
RECOMMENDATION:
Staff recommends City Council approve a resolution amending the budget for the building
account for 201 8a' Street.
Prepared By:
Oeorge Bernard
Public works Assistant
Reviewed By:
Mark K. Vukojcvu
Assistant City Engineer
Agenda Item
� . Danc . .
Director of PiAic Works / City Engineer
John
City,
Agenda Item_