HomeMy WebLinkAboutItem L (P17 gyp'
AGENDA REPORT vi iIv
DATE: December 10, 2001 Ill
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 DMG Maximus (consultants) reflects prior year fees and staff
recommends the budget be updated to their current year fees.
The Beach Rake final debt service payment was omitted from the FY2001/2002 budget.
Staff is proposing amending the budget by the debt service amount.
There were several expenditures budgeted in the prior fiscal year, but not spent until the
current fiscal year. Those were for the purchase of an ecometrics analyzer for the water
department; a concrete retaining wall for the Seal Beach Blvd. median landscape project,
software training for animal control personnel and three double leaf covers for the
Beverly Manor underground vault. Staff recommends appropriating those expenditures
into the FY 2001/2002 budget.
FISCAL IMPACT:
The total proposed budget amendments are $38,747. The DMG Maximus fee increase of
$2,750 will be covered by undesignated fund balance. The Beach Rake will increase the
yearend transfer from General Fund balance to Tidelands Fund by $11,196. Of the
reappropriations, $5,886 will be covered by undesignated fund balance. The current
undesignated fund balance is $3,098,104. The proposed budget amendments will
decrease undesignated fund balance by$19,832 to $3,078,272.
Agenda Item /k"
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December 10,2001
DMG Maximus Contract,Beach Rake and Reappropriations
RECOMMENDATION:
Staff recommends City Council approve a resolution amending the budget for the DMG
Maximus contract fee adjustment, the Beach Rake scheduled debt service payment and
the prior year expenditures reappropriations.
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—Pamela Arends- •ng
Director of Ad .strative Services/Treasurer
Joh Bahorski
anager
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