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2012 <br /> Budget Adjustments <br /> Tally Sheet <br /> 1 <br /> Department Code Rev Exp FB <br /> NGR-7 Cl?.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 /> increaseClP 2 Beginning Fund Balance " . •-162 : -3080055000 800,000 <br /> Increase CIP 2 Transfers Out 162 5550247550 :;800,000 <br /> Increase Bond Fund Transfers In210 3970247155 - 800 000 <br /> Increase Bond Principal Payment Budget - 210.` ;:.5120247710 800,000 <br /> �".s i ;.. tz' .t' T `,�i`'ta 3�_ri.5 t`' '�•_".„`.t _��fir .4:11.,:- <br /> Department Code Rev Exp FB <br /> NGR-8 Tel6comipuniCations'. Re-approp-NEC Voice Network Maint 507Rs -. 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 2012xlsx 4/2/2012 27 <br />