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2015/04/29 Council Agenda Packet
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2015/04/29 Council Agenda Packet
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Council Agenda Packet
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4/29/2015
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2015 <br /> Budget Adjustments • <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> GGR-13 General Fund Re-approp-2016 Prefunds/CIP4 Contribution 002R 8,353,765 <br /> GGR-13 Non-Dept Gen Govt Re-approp-2016 Prefunds/CIP4 Contribution 009R 8,353,765 <br /> Preliminary results for 2014 leave the City's general government with a fund balance of approximately$32.1 million. <br /> which is$7.5 million greater than the required 20%of projected revenues. This re-appropriation proposes to <br /> transfer$3,515,000 of this surplus to CIP4 and use the remaining amount to prefund the 2016 pension <br /> contributions and part of the 2016 insurance reserve contributions in an effort to begin reducing the projected 2016 <br /> budget deficit. <br /> • <br /> Increase beginning fund balance 002 3080000000 8,353,765 <br /> Increase transfers out for tEOFFI Police and Fire pensions 009 5000637550 2,838,765 <br /> Increase transfers out for 2016 insurance contributions 009 5000026960 2,000,000 <br /> Increase transfers out for CIP4 contribution 009 5000900550 3,515,000 <br /> AE!AC5.ISNf A <br /> m;I,9015 =/15r2015 <br />
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