Laserfiche WebLink
2004 <br /> Budget Adjustments <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 rti <br /> Center. This amendment authorizes transferring the$1,000,000 from CIP4 to CIP2, thereby <br /> consolidating Events Center contingency funds in the amount of$2,747,000 to CIP2. <br /> izwi <br /> fis2 6r,51 <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 /> 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 /> F1' Mil 2004, the City formalized the new General Government Fund Balance policy. The policy identifies a =`_' <br /> yil fund balance target equal to 20% of operating revenues. The 12/31/03 actual fund balance was if <br /> $25,016,705. The required amount to achieve 20% of the 2005 operating revenue budget is <br /> fiA <br /> -_$19,300,000. This amendment transfers the surplus amount of$5,716,705 from the General Fund to ei ' <br /> gl CIP 4. - <br /> 's See GGA-18. -. <br /> _ <br /> 1,1 <br /> Increase Property Tax allocation 162 3111062000 5,716,705 <br /> Increase CIP 4 Ending Fund Balance 162 5620999490 5,716,705 <br /> • <br /> 8 <br /> Tally 2004 11/8/2004 ATTACHMENT A <br />