|
135 Telecom Registration/Licensing Fund
<br />FY19 FY19 FY19
<br />Adopted SB1 Action Revised
<br />I. RESOURCES
<br />BEGINNING WORKING CAPITAL 4,907,171 1,866,791 a 6,773,962
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Licenses/Permits 2,800,000 0 2,800,000
<br /> Intergovernmental 0 1,854,522 b 1,854,522
<br /> Miscellaneous 60,000 0 60,000
<br />Total Revenue 2,860,000 1,854,522 4,714,522
<br />TOTAL RESOURCES 7,767,171 3,721,313 11,488,484
<br />II. REQUIREMENTS
<br />Department Operating
<br /> Central Services 3,308,520 3,692,645 b,c 7,001,165
<br />Total Department Operating 3,308,520 3,692,645 7,001,165
<br />Non-Departmental
<br /> Debt Service 42,000 0 42,000
<br /> Interfund Transfers 476,000 0 476,000
<br /> Special Payments 120,000 0 120,000
<br /> Reserves 496,847 0 496,847
<br /> Balance Available 3,323,804 28,668 a,b,c 3,352,472
<br />Total Non-Departmental 4,458,651 28,668 4,487,319
<br />TOTAL REQUIREMENTS 7,767,171 3,721,313 11,488,484
<br />135 Telecom Registration/Licensing Fund
<br />b) Reappropriations: Reappropriate $1,854,522 in Intergovernmental revenue for previous years Downtown
<br />High Speed Fiber Project grant, increase Central Services Department operating appropriations by $2,554,550,
<br />and decrease Balance Available by $700,028. Increase Central Services Department operating appropriations
<br />by $938,095 for reappropriated telecommunication projects not completed in the prior fiscal year and decrease
<br />Balance Available by the same amount.
<br />a) Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by
<br />$1,866,791 and increase Balance Available by the same amount. This adjustment brings the FY19 budgeted
<br />Beginning Working Capital in compliance with the audited FY18 actual revenues and expenditures as
<br />determined by Isler & Company, LLC, the City's external auditor.
<br />c) One-Time Funding Requests: Increase Central Services Department operating appropriations by $200,000
<br />for additional telecommunication projects and decrease Balance Available by the same amount.
<br />17 December 10, 2018, Meeting – Item 5
|