|
135 Telecom Fund
<br />
<br /> FY05 FY06 FY05
<br /> Adopted SB1 Action Revised
<br />I.RESOURCES
<br />
<br /> BEGINNING WORKING CAPITAL 4,300,165 8,959,811 a 13,259,976
<br /> CHANGE TO WORKING CAPITAL
<br />
<br /> REVENUE
<br /> Licenses/Perm its 2,100,000 878,536 b 2,978,536
<br /> Miscellaneous 80,000 0 80,000
<br /> Total Revenue 2,180,000 878,536 3,058,536
<br />
<br /> TOTAL RESOURCES 6,480,165 9,838,347 16,318,512
<br />I1. REQUIREMENTS
<br />
<br /> Department Operating
<br /> Central Services 1,849,892 138,781 c,e 1,988,673
<br /> Total Department Operating 1,849,892 138,781 1,988,673
<br />
<br /> Capital Projects
<br /> Capital Projects 0 0 0
<br /> Capital Carryover 46,000 0 46,000
<br /> Total Capital Projects 46,000 0 46,000
<br /> Non-Departmental
<br /> Interfund Transfers 41,000 10,200,000 b,d 10,241,000
<br /> Reserve 3,648,124 0 3,648,124
<br /> Reserve for Encumbrances 586,834 (586,834) c 0
<br /> Balance Available 308,315 86,400 a,c,d,e 394,715
<br /> Total Non-Departmental 4,584,273 9,699,566 14,283,839
<br />
<br /> TOTAL REQUIREMENTS 6,480,165 9,838,347 16,318,512
<br />135 Telecom Fund
<br />
<br />a) This supplemental request increases the budgeted Beginning Working Capital by $8,959,811 (due to
<br />recognition of telecommunications revenues that had been held in a liability account pending court action) and
<br />increases Balance Available by the same amount. The increase brings the FY05 Budgeted Beginning Working
<br />Capital in compliance with the audited FY04 actual revenues and expenditures as determined by Grove, Mueller &
<br />Swank P.C., the City's external auditor.
<br />
<br />b) This action recognizes additional telecommunications permit revenue of $878,536 to be received in FY05 and
<br />transfers it to the Facilities and Fleet Fund's Facility Reserve for future use in funding Civic Center Visioning
<br />projects. Council approved the transfer on November 22, 2004.
<br />
<br />c) This supplemental budget eliminates the Reserve for Encumbrance and distributes 13,485 to Central Services
<br />for payment of obligations incurred but not paid in FY04 and places the residual amount ($573,349) in Balance
<br />Available.
<br />
<br />d) This action reduces Balance Available by $9,321,464 and transfers it to the Facilites & Fleet Fund's Facility
<br />Reserve for future use in funding the Civic Center Visioning projects. Council approved the transfer on November
<br />22, 2004.
<br />
<br />e) This action uses $53,000 from Balance Available to purchase a Simulcast System for the 911 Center and
<br />reappropriates $72,296 to complete FY04 projects.
<br />
<br />
<br />
|