Laserfiche WebLink
812 Urban Renewal Agency Downtown Debt Service Fund <br />FY20 FY20 FY20 <br />Adopted SB1 Action Revised <br />I.RESOURCES <br />BEGINNING WORKING CAPITAL 2,905,176 664,247 a 3,569,423 <br />CHANGE TO WORKING CAPITAL <br />REVENUE <br /> Taxes 2,603,000 0 2,603,000 <br /> Miscellaneous 103,000 0 103,000 <br />Total Revenue 2,706,000 0 2,706,000 <br />TOTAL RESOURCES 5,611,176 664,247 6,275,423 <br />II.REQUIREMENTS <br />Non-Departmental <br />Interfund Transfers 2,173,414 411,669 b 2,585,083 <br />Balance Available 3,437,762 252,578 a,b 3,690,340 <br />Total Non-Departmental 5,611,176 664,247 6,275,423 <br />TOTAL REQUIREMENTS 5,611,176 664,247 6,275,423 <br />812 Urban Renewal Agency Downtown Debt Service <br />a)Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital <br />by $664,247 and increase Balance Available by the same amount. This adjustment brings the FY20 <br />budgeted Beginning Working Capital in compliance with the audited FY19 actual revenues and <br />expenditures as determined by Isler CPA, the City's external auditor. <br />b)Reappropriation: Increase Interfund Transfers to the URA Downtown General Fund by <br />$411,669 for continued efforts related to the Downtown Urban Renewal Agency Fiber Project and <br />decrease Balance Available by the same amount. <br />December 9, 2019, Meeting – Item 5CC Agenda - Page 344