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2004 <br /> Budget Adjustments 1 <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> NGA-19 CIP 4 Amendment-$1.0 million Events Center Contingency 162A 1,000,000 (1,000,000) <br /> CIP 2 Amendment-$1.0 million Events Center Contingency 162A 1,000,000 1,000,000 <br /> CIP4 currently has $1,000,000 designated as a contingency for the Everett Events and Conference <br /> Center. This amendment authorizes transferring the$1,000,000 from CIP4 to CIP2, thereby I <br /> consolidating Events Center contingency funds in the amount of$2,747,000 to CIP2. ! <br /> Increase Transfers Out CIP 4 162 5620070550 1,000,000 <br /> Decrease Ending Fund Balance CIP 4 162 5620999490 1,000,000 <br /> Increase Transfers In CIP 2 162 3971055162 1,000,000 <br /> Increase Ending Fund Balance CIP 2 162 5550999490 1,000,000 <br /> N .. '; ;a e ,74 au, '4' 61441#7:, x �': a', . k r. r r <br /> Department Code Rev Exp FB <br /> NGA-20 CIP 4 Amendment-Transfer Surplus Funds to CIP 4 162A 5,716,705 5,716,705 <br /> In 2004, the City formalized the new General Government Fund Balance policy. The policy identifies a <br /> fund balance target equal to 20% of operating revenues. The 12/31/03 actual fund balance was <br /> $25,016,705. The required amount to achieve 20% of the 2005 operating revenue budget is <br /> $19,300,000. This amendment transfers the surplus amount of$5,716,705 from the General Fund to <br /> CIP 4. <br /> See GGA-18. <br /> Increase Property Tax allocation 162 3111062000 5,716,705 <br /> Increase CIP 4 Ending Fund Balance 162 5620999490 5,716,705 <br /> Tally 2004 11/8/2004 ATTACHMENT A <br />