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2012 <br /> Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp _ FB <br /> NGR-7 CIP 2 Re-approp-VRDB Principal Payment 162R 800,000 800,000 <br /> NGR-7 Bond Redemption Re-approp-VRDB Principal Payment 210R • 800,000 800,000 <br /> The City changed letter of credit providers for the Variable Rate Demand Bonds (VRDB) from <br /> Bank of America to Bank of New York in November of 2011. In order to avoid added complexity <br /> to the transaction, the scheduled bond call to reduce the amount of principal outstanding by <br /> $800,000 was deferred until February 1, 2012. The re-appropriation moves the expenditure <br /> authority from 2011 to 2012. <br /> The VRDB's were issued in 2001 to purchase the land for the Events Center. Payments are <br /> funded by the first quarter of one percent real estate excise tax revenues. <br /> Increase CIP 2 Beginning Fund Balance 162 3080055000 800,000 <br /> Increase CIP 2 Transfers Out 162 5550247550 800,000 <br /> Increase Bond Fund Transfers In 210 3970247155 800,000 <br /> Increase Bond Principal Payment Budget 210 5120247710 800,000 <br /> AZ<._ LM727rnsu.:<aiMC�.e�.:::�.: sY1..U,1. :..svnv. ':�li.�- ��:-. '^s wiA,...ti ":.a,.6s��t.«.�.:.,...:&:ss.._wa.�:.,L:S�a�t''+��-= _.. <br /> Department Code Rev Exp FB <br /> NGR-8 Telecommunications Re-approp-NEC Voice Network Maint 507R 22,300 22,300 <br /> The 2012 budget was submitted prior to the final pricing of the 2012 NEC voice network <br /> maintenance agreement. The final figure was more than what was budgeted for 2012. The <br /> 2011 NEC voice network maintenance budget has a remaining balance of$22,300. This re- <br /> appropriation carries forward this balance to 2012. <br /> Increase Beginning Fund Balance 507 3080000000 22,300 <br /> Increase Maintenance Agreement Budget 507 5220000480 22,300 <br /> ATTACHMENT A <br /> Tally 2012.xlsx 4/2/2012 <br />