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2007 <br /> Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> GGA-1 Gen Fund Amendment-Property Tax 002A 655,530 <br /> GGA-1 Non Dept Amendment-Property Tax 009A 655,530 <br /> The City has received notification of the actual 2007 Property Tax assessment. The assessment is <br /> $746,558 greater than budgeted. Of this amount, $655,530 is allocated to the General Fund, and <br /> $91,028 is allocated to EMS. This large increase is due to an updated valuation of the Murphy's corner <br /> annexation. <br /> See NGA 5. <br /> BUDGET JOURNAL ENTRY: DEBIT CREDIT <br /> Increase Property Tax Revenue-General Fund 002 3111002000 655,530 <br /> Increase Ending Fund Balance-General Fund 009 5980000490 655,530 <br /> Department Code Rev Exp FB <br /> GGA-2 Senior Center Amendment-Visiting Nurse Services 027A 12,420 <br /> GGA-2 General Fund Amendment-Visiting Nurse Services 009A (12,420) <br /> The Visiting Nurse Services of the Northwest provides at least 15 hours of services each week to seniors <br /> at the Everett Senior Center. The VNS increased their hourly rate from $50 to $65 in January 2007. <br /> The City was notified of this increase after the 2007 budget was finalized. The City has chosen not to <br /> decrease VNS hours to compensate for this rate increase. This amendment increases the Senior Center <br /> budget by$12,420. <br /> Increase Professional Svcs budget-Senior Center 027 5500000410 12,420 <br /> Increase Ending Fund Balance-General Fund 009 5980000490 12,420 <br /> ATTACHMENT A <br /> Tally 2007.xls 3/28/2007 <br />