HomeMy WebLinkAboutCC AG PKT 2004-01-26 #S AGENDA REPORT 1
DATE: January 26, 2004
TO: Honorable Mayor and Members of the City Council
THRU: John B. Bahorski, City Manager
FROM: Steve Cushman, Lifeguard Chief
SUBJECT: Budget Amendment for Prior Year Expenditures in
the Tidelands Beach Fund
SUMMARY OF REQUEST:
That council approves budget amendment 04 -17 for wage and equipment expenditures
budgeted in the Tidelands Beach Fund in fiscal year 2002/03 but expended in fiscal year
2003/04.
BACKGROUND:
The Lifeguard Department of the Tidelands Beach Fund received funds from training
services during fiscal year 2002/03. The funds received for the training services were
budgeted to be used on wages and equipment during fiscal year 2002/03. The funds
were not used for wages and equipment during fiscal year 2002/03 but were used for
those purposes during fiscal year 2003 /04. The budget amendment request increases
special departmental expense $4,416.26 and increases overtime wages $1,915.95.
FISCAL IMPACT:
Budget amendment 04 -17 will increase the General Funds subsidy to the Tidelands
Beach fund $6,332, however, due to the revenue the Tidelands Beach Fund received for
training services in fiscal year 2002/03, the General Fund subsidy for that fiscal year
decreased by $6,332 because the revenue was not expended.
Total increase in General Fund expenditures will be $6,332 which will decrease the
estimated fiscal year 2003/04 ending undesignated General Fund fund balance from
$4,122,112 to $4,115,780.
•
Agenda item S
RECOMMENDATION:
Staff recommends council approve budget amendment 04 -17 for wage and equipment
expenditures budgeted in the Tidelands Beach fund in fiscal year 2002/03 but expended
in fiscal year 2003/04.
... _e___Z____
Steve Cushman, Lifeguard Chief
NOT _I A ��APP ' !J' ED:
sr 6 ,
J ' Bahorski, City Manager