|
135 Telecom Registration/Licensing Fund
<br />FY20 FY20 FY20
<br />Adopted SB1 Action Revised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL 4,637,102 1,490,624 a 6,127,726
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Licenses/Permits 2,900,000 0 2,900,000
<br /> Miscellaneous 162,000 0 162,000
<br />Total Revenue 3,062,000 0 3,062,000
<br />TOTAL RESOURCES 7,699,102 1,490,624 9,189,726
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Central Services 4,577,239 2,107,798 b,c 6,685,037
<br />Total Department Operating 4,577,239 2,107,798 6,685,037
<br />Non-Departmental
<br /> Debt Service 42,000 0 42,000
<br /> Interfund Transfers 3,000 0 3,000
<br /> Special Payments 120,000 0 120,000
<br /> Reserves 168,847 0 168,847
<br /> Balance Available 2,788,016 (617,174)a,b,c 2,170,842
<br />Total Non-Departmental 3,121,863 (617,174)2,504,689
<br />TOTAL REQUIREMENTS 7,699,102 1,490,624 9,189,726
<br />135 Telecom Registration/Licensing Fund
<br />b) Reappropriations: Increase Central Services Department operating appropriations by $2,164,265 for the
<br />Downtown High Speed Fiber project and other telecommunication projects not completed in the prior fiscal
<br />year and decrease Balance Available by the same amount.
<br />a) Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by
<br />$1,490,624 and increase Balance Available by the same amount. This adjustment brings the FY20 budgeted
<br />Beginning Working Capital in compliance with the audited FY19 actual revenues and expenditures as
<br />determined by Isler CPA, the City's external auditor.
<br />c) Encumbrance Estimate Reconciliation: Decrease Central Services Department operating
<br />appropriations by $56,467 to reconcile the amount estimated for payment of obligations incurred but not paid
<br />in FY19 to the actual amount paid, and increase Balance Available by the same amount.
<br />December 9, 2019, Meeting – Item 4CC Agenda - Page 306
|