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AGENDA REPORT , 01'K t4 0
DATE: January 14, 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 REQUEST:
Staff requests City Council approve the following budget amendments.
BACKGROUND:
The current budget for the armored car service and maintenance for the water meter
reading software reflects prior year fees. The Finance Department received a letter dated
November 1, 2001 informing us of a 7% rate increase for the armored car service
effective December 1, 2001. The Finance Department also received a letter dated
December 12, 2001 informing us of a rate increase of $11.06 per month for the meter
reading software annual maintenance fee effective February 1, 2002. Staff recommends
the budget be updated to reflect the rate increases.
FISCAL IMPACT:
The total proposed budget amendment is $213. The armored car fee increase of $158
will be covered by undesignated fund balance. The water meter reading software
maintenance fee increase will be charged to the Water Fund, an enterprise fund, and will
have no effect on the General Fund undesignated fund balance. The current undesignated
fund balance is $3,078,272. The proposed budget amendments will decrease
undesignated fund balance by $158 to $3,078,114.
RECOMMENDATION:
Staff recommends City Council approve a resolution amending the budget for the
contract fee adjustments
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Pamela Arends-King
Director of Administrative rvices/Treasurer
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