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2012 <br /> . • Budget Adjustments <br /> Tally Sheet <br /> 5 <br /> Department Code Rev Exp FB <br /> NOR-7 CIP V - Re-approp-VRDB Principal Payment .".:162R . 800,060 . 860,000 : <br /> NGR-7 Bond Redemption Re-approp-VRDB Principal Payment :210R. :- : 800000: 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 /> • <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 /> ificregge CIP2 Beginning Fund Belendi.' • • 162 . 3080055000 - -. 800,000 <br /> Increase CIP 21rariOfefs Out •: :.; 5550247550 800,000 7: <br /> Increase Bond Fuhd-TreriefeiWtn • . 210 3970247155 • : ' ; 800,000 <br /> Increase Bond PrincipalPej,ment Budget ‘, . : ,.210 -, 5120247710 800,000 • <br /> Department Code Rev Exp FB <br /> NGR-8 ITeleconrnuniàattIiñC 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 /> InbFèasâ Be-giriniiij Fund Balance 507 507.•: . 3080000000 . 22,300 <br /> Increase Maintenance Agreeine0 : .807 •-• V.. : 5220000480 22,300 <br /> ATTACHMENT A <br /> Tally 2012.xlsx 4/2/2012 5 9 <br />