Laserfiche WebLink
2007 <br /> Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> GGA-17 Non-Dept.Gen Govt Amendment-Riverfront Project 009A 700,000 <br /> GGA-17 Non-Dept.Gen Govt Amendment-Riverfront Project 009A (700,000) <br /> Based on the most recent Riverfront Financial Model, additional budget authority in the amount of <br /> $700,000 is needed to fund services relating to the Riverfront project through the end of 2007. Funds <br /> will be used to cover consulting, legal and engineering costs. Funds will also be used to pay for items <br /> such as the impound lot relocation, the design of Riverfront access roads, public amenities and wetland <br /> resources. <br /> The 2007 Adopted Budget provided $400,000 for Riverfront-related expenditures. The first budget <br /> amendment of 2007 added $600,000. This budget amendment brings the total General Fund allocation <br /> for the Riverfront project to $1.7 million for 2007. <br /> It is estimated that$1.4 of this expenditure is a capital expenditure and may be eligible to be <br /> reimbursed to the General Fund with Bond Proceeds. <br /> Reduce Ending Fund Balance 009 5980000490 700,000 <br /> Increase Riverfront budget 009 5000073410 700,000 <br /> Department Code Rev Exp FB <br /> GGA-18 Non-Dept.Gen Govt Amendment-Riverside(KC)Project 009A 260,000 <br /> GGA-18 Non-Dept.Gen Govt Amendment-Riverside(KC)Project 009A (260,000) <br /> The City purchased the Riverside (KC) property in early 2006. Site investigation and cleanup began in <br /> 2006. The Utilities and Street Departments have been working on the project and paying the bills. The <br /> expenditures include environmental consulting, debri cleanup, in-house labor, and site maintenance. <br /> This amendment gives the General Fund the authority to reimburse the Utilities and Street Funds for <br /> amounts expended in 2006 and 2007, and to pay future expenditures, up to $260,000. This amount <br /> includes items that are the city's responsibility, and also those expenditures that are split with KC <br /> according to the purchase agreement. <br /> Reduce Ending Fund Balance 009 5980000490 260,000 <br /> Increase Riverside(KC)budget 009 5000075410 260,000 <br /> ATTACHMENT A <br /> Tally 2007.xls 8/13/2007 <br />