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Item 5 - COE/Supp.Budget 1
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Item 5 - COE/Supp.Budget 1
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6/9/2010 12:47:41 PM
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12/1/2004 2:43:10 PM
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City Council
City_Council_Document_Type
Agenda Item Summary
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12/6/2004
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113 Partnerships For Youth Fund <br /> <br /> FY06 FY05 FY0$ <br /> Adopted SB1 Action Revis d <br />I.RESOURCES <br /> <br /> BEGINNING WORKING CAPITAL 149,231 79,893 a 229,124 <br /> CHANGE TO WORKING CAPITAL <br /> <br /> REVENUE <br /> Taxes 17,500 0 17,500 <br /> Total Revenue 17,500 0 17,500 <br /> <br /> TOTAL RESOURCES 166,731 79,893 246,624 <br />II. REQUIREMENTS <br /> <br /> Department Operating <br /> Library, Rec & Cultural Svcs 88,312 69,484 b 157,796 <br /> Total Department Operating 88,312 69,484 157,796 <br /> <br /> Capital Projects <br /> Total Capital Projects 0 0 0 <br /> <br /> Non-Departmental <br /> Reserve 0 88,828 a,b 88,828 <br /> Reserve for Encumbrances 78,419 (78,419) b 0 <br /> Total Non-Departmental 78,419 10,409 88,828 <br /> <br /> TOTAL REQUIREMENTS 166,731 79,893 246,624 <br /> 113 Partnerships For Youth Fund <br /> <br />a) This supplemental request increases the budgeted Beginning Working Capital by $79,893 and increases <br />reserves by the same amount. The decrease brings the FY05 Budgeted Beginning Working Capital in compliance <br />with the audited FY04 actual revenues and expenditures as determined by Grove, Mueller & Swank P.C., the City's <br />external auditor. <br /> <br /> b) This supplemental budget eliminates the Reserve for Encumbrance and distributes $69,484 to the Library, <br /> Recreation and Cultural Services Department for payment of obligations incurred but not paid in FY04 and places <br /> the residual amount ($8,935) in the fund reserve for future use. <br /> <br /> <br />
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