Item 5 - COE/Supp.Budget 1 - Laserfiche WebLink

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010 G n ral Fund f) This supplemental request increases revenue estimates for FY05 based on historical trends by $702,000 and transfers it to the Risk and Benefits Fund: Property Tax Collection Rate Estimate increased from 93.5% to 94.0% $ 402,000 Telecommunications franchise fee revenue estimate increase 300,000 Total Revenue Estimate Increases 702,000 Transfer to the Risk and Benefits Fund to increase Balance Available $ 702,000 The Total Risk and Benefits Fund Transfer is $1,840,000 and comes from Marginal BVVC ($1,026,758), the excess Reserve for Encumbrance ($111,242), and an increase in revenue estimates ($702,000). g) The supplemental requests a transfer $5.2 million to the Facility and Fleet Fund's Facility Reserve for Civic Center Visioning Projects per Council direction (11/22/2004) -- $3,994,132 from Marginal BWC (see note a) and $1,205,868 in current year Qwest revenue. It also requests a transfer to the Road Fund for the FY04 Council approved Contingency expenditure of $35,000 in the Public Works Department for the Agate Street Study and reduces the Public Works Department's expenditure authority in the General Fund by $35,000. h) This supplemental request asks for additional expenditure authority in the Planning and Development Department ($30,000) for legal services costs in the Riverfront Renewal District. The costs will be reimbursed by the Riverfront District. i) This supplement request moves $228,000 from the Contingency account to department operating budgets: · Central Services - November 2004 Voter's pamphlet and Civic Center Building public $ 35,000 information~(Council approved 7/26/2004) - Police Commission Staffing - Human Rights Commission contract (Council Approved 7/28/2004) 5,000 - External review of Police policies/procedures (Council approved 10/11/2004) 108,000 · Planning & Development - Commercial/Industrial Lands Use study (Council approved 8/11/2004) 15,000 · Police - Police Commission Staffing (Council Approved 7/28/2004) 65,000 Total Contingency 228,000 AIRS Subfund: a) This supplemental request increases Beginning Working Capital by $422,216 and increases the AIRS Reserve by the same amount to match the audited Beginning Working Capital. Cultural Services Subfund: a) This supplemental request decreases Beginning Working Capital by $182,864 and decreases the Cultural Services Reserve by the same amount to adjust Beginning Working Capital to audited levels. j) This supplemental budget eliminates the Reserve for Encumbrance and distributes $31,233 to the Library, Recreation and Cultural Services Department.