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2003 <br /> Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> GGA-11 Public Space Amendment-2003 Debt Svc on$15 million bonds. 114A 238,418 238,418 <br /> On January 3, 2003 the City issued$15 million in general obligation bonds for the Special Events Center <br /> Public Space construction. A budget amendment is needed to appropriate the funds required to pay the 2003 <br /> Debt Service for the Public Space bonds . This amendment changes the"Transfer to Debt Service"budget <br /> in Fund 114-Public Space Operations from$487,500 to$661,833. The funding source for the increase in <br /> debt service is CIP 2. <br /> See NGA-7. <br /> Transfer in from CIP 2(Fund 162) 114-3970000162 238,418 <br /> Increase Transfer out to Debt Service Fund 210 114-5020000550 174,333 <br /> Increase in Ending Fund Balance in Fund 114/Reserve 114-5010000410 64,085 <br /> Department Code Rev Exp FB <br /> GGA-12 Street Improv Reallocate Property Taxes to General Fund 119A 0 <br /> In December 2001 the City issued$13 million in variable rate demand limited tax general obligation bonds for <br /> the Special Events Center land. There was$747,000 left of bond proceeds which was restricted to Capital <br /> expenditures due to IRS regulations.These funds were used to pay for Street Improvements in Fund 119 in <br /> 2002. Therefore, Fund 119 has a year end 2002 fund balance of$747,000 that will be used for 2003 street <br /> improvements. Property taxes budgeted in 2003 for Street Improvements will revert to the General Fund, and <br /> be allocated to CIP 2. <br /> See NGA-8. <br /> Increase Beginning Fund Balance-Street Improvement Fund 119 119-3080000000 747,000 <br /> Decrease Property Tax Allocation to Street Improvement Fund 119-3111010000 747,000 <br /> Tally 2003 5/14/2003 ATTACHMENT A <br />