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821 Urban Renewal Agency Riverfront General Fund
<br />FY19 FY19 FY19
<br />Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 3,352,863 29,234 a 3,382,097
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Taxes 2,375,000 0 2,375,000
<br /> Miscellaneous 50,000 0 50,000
<br />Total Revenue 2,425,000 0 2,425,000
<br />TOTAL RESOURCES 5,777,863 29,234 5,807,097
<br />II. REQUIREMENTS
<br />Department Operating
<br />Planning and Development 793,663 320,000 b 1,113,663
<br />Total Department Operating 793,663 320,000 1,113,663
<br />Non-Departmental
<br />Interfund Transfers 3,700,000 0 3,700,000
<br />Balance Available 1,284,200 (290,766)a, b 993,434
<br />Total Non-Departmental 4,984,200 (290,766) 4,693,434
<br />TOTAL REQUIREMENTS 5,777,863 29,234 5,807,097
<br />a) Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital
<br />by $29,234 and increase Balance Available by the same amount. This adjustment brings the FY19
<br />budgeted Beginning Working Capital in compliance with the audited FY18 actual revenues and
<br />expenditures as determined by Isler & Company, LLC, the City's external auditor.
<br />b) One-Time Funding Request: Increase the Planning and Development Department operating
<br />appropriation by $320,000 for Riverfront Urban Renewal Agency administration staffing increase for
<br />the Downtown Riverfront redevelopment, and decrease Balance Available by the same amount.
<br />December 10, 2018, Meeting - Item 4
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