TO: Honorable Mayor and Members of the City Council
THRU: Tom Kisela, City Manager
FROM: Trang Nguyen, Finance Director
1. SUBJECT
title
Status of the Fiscal Year 2023-24 budget.
body
2. SUMMARY
This report provides a mid-year update and year-end estimate of the Fiscal year 2023-24 budget, including recommendations to sustain operations for the remainder of the year.
3. RECOMMENDED ACTION
recommendation
Receive and file report, and approve the following:
1. Authorize the following budget transfer:
From: 317.0000.57120.00000 HOME Transfers $129,049.48
To: 100.0000.49010.00000 General Fund Transfers $129,049.48
2. Authorize the appropriation of $64,944 from the fund balance to: 553.5028.56020.20494 Capital Bond Proceeds Fund Administrative Building Improvements
3. Authorize the appropriation of $350,000 from the General Fund, fund balance to:
100.2001.51231.00000 - Electricity $75,000
100.3011.51231.00000 - Electricity 125,000
100.4011.51231.00000 - Electricity 100,000
100.7001.51231.00000 - Electricity 50,000
4. Authorize additional appropriation from fund balance to the following accounts:
100.2001.58514.00000 General Fund Fuel Allocation $1,070
100.3011.58514.00000 General Fund Fuel Allocation 37,460
100.4001.58514.00000 General Fund Fuel Allocation 94,180
100.5011.58514.00000 General Fund Fuel Allocation 24,615
100.6021.58514.00000 General Fund Fuel Allocation 1,070
100.7001.58514.00000 General Fund Fuel Allocation 37,460
125.3015.58514.00000 EMT Fund Fuel Allocation 6,420
220.5022.58514.00000 Sewer Fund Fuel Allocation 11,775
270.5021.58514.00000 Gas Tax Fuel Allocation 49,230
600.8011.58514.00000 Water Fund Fuel Allocation 56,720
5. Authorize the appropriation of $320,000 to account:
710.5023.49021.00000 Charges for Fuel $320,000
6. Authorize the appropriation of $320,000 from the fund balance to:
710.5023.53720.00000 Equipment Expense Fund Gasoline and Diesel Fuel
7. Aut...
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