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2004 <br /> Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> NGA-7 CIP 4 Amendment-Council Chambers Improvement Project 162A 146,600 (146,600) <br /> The Council Chambers Improvement project was approved by Council with Ordinance 2755-04. This <br /> amendment authorizes the increase in CIP4 expenditures in the amount of$146,600. <br /> Increase CIP 4 Transfers Out 162 5625170550 146,600 <br /> Decrease CIP 4 Ending Fund Balance 162 5620999490 146,600 <br /> Department Code Rev Exp FB <br /> NGA-8 Parks Reserve Amendment-Property Tax Accounting Change 148A - <br /> NGA-8 Public Safety Reservf Amendment-Property Tax Accounting Change 161A - - <br /> NGA-8 Debt Service Amendment-Property Tax Accounting Change 210A - - <br /> NGA-8 Police Pension Amendment-Property Tax Accounting Change 637A - - <br /> NGA-8 Fire Pension Amendment-Property Tax Accounting Change 638A - - <br /> Historically,when the City receives property taxes,they have been budgeted and deposited directly into all of <br /> the General Government Funds and various reserve and pension funds. <br /> In order for the City to be in compliance with GASB 34, Property Tax receipts are to be deposited to the <br /> General Fund and then transferred to other funds. This amendment increases Property Tax Revenue in the <br /> General Fund by$6,429,731 and replaces the Property Tax Revenue in the other funds with "Operating <br /> Transfer In from General Fund"budgets in the impacted funds,so the net effect is zero. <br /> Deposits already processed this year will be reversed and deposited to the General Fund. <br /> This change does not impact the budgeting process. <br /> See GGA-8 for impact to funds in the General Government. <br /> Eliminate Property Tax Revenue Budget-Parks Reserve 148 3111042321 15,000 <br /> Transfer in from General Fund-Parks Reserve 148 3970311002 15,000 <br /> Eliminate Prop Tax Revenue Budget-Public Safety Rsry 161 3110000000 202,469 <br /> Transfer in from General Fund-Public Safety Reserve 161 3970311002 202,469 <br /> Eliminate Property Tax Revenue Budget -Debt Svc 210 3111239000 562,720 <br /> Transfer in from General Fund-Debt Service 210 3970239002 562,720 <br /> Eliminate Property Tax Revenue Budget-Police Pens 637 3111010000 2,282,473 <br /> Transfer in from General Fund-Police Pension 637 3970311002 2,282,473 <br /> Eliminate Property Tax Revenue Budget-Fire Pens 638 3111010000 3,367,069 <br /> Transfer in from General Fund-Fire Pension 638 3970311002 3,367,069 <br /> 44 <br /> Tally 2004 5/25/2004 ATTACHMENT A <br />