2017/11/29 Council Agenda Packet

2017 Budget Adjustments Tally Sheet 1 Department Code Rev Exp FB NGA-16 Computer Reserve Amendment-Parking Enforcement Technology 505A 125,000 125,000 This amendment increases the IT Project Reserve budget for the parking enforcement technology project. The funds were initially set aside in Fund 009 Non-Departmental. Funds will be transferred from Fund 009 into the Computer Reserve . where the project is being accounted for. Increase transfers in 505 3970040000 125,000 Increase capital projects budget 505 5140000640 125,000 I t Department Code Rev Exp FB NGA-17 Self-Insurance Fund Amendment-Medical Benefits 508A 2,000,000 (2,000,000) Medical claims have spiked in the last quarter of the year. A budget amendment is needed to provide spending authority for these extraordinary claims. • Increase medical claims expense budget 508 5170000240 2,000,000 Decrease ending fund balance 508 5980000999 2,000,000 L'.5-7::'''.. 21111a.' -. _ '':,o 'WOK, i;t.' g-1•;..,.a . *.bs'em.t "t. :_t/A _,f.r ;., -4 ,,,.„ Department Code Rev Exp FB NGA-18 Police Pension Fund Amendment-Pension Expenses 637A 50,000 (50,000) Pension expenses are exceeding actuarial estimates. A budget amendment is needed to provide sufficient spending authority to cover these costs. Increase pension expense 637 5170000290 50,000 Decrease ending fund balance 637 5990000490 50,000 Department Code Rev Exp FB NGA-19 EMS Amendment-LEOFF 2 Special Funding 153A 169,300 169,300 This amendment accounts for a new governmental accounting requirement,but does not represent any actual funding coming into or leaving the City. We are required to appropriate in our budget the LEOFF 2 retirement contributions provided by the state on our behalf. The state currently pays 3.5%of the 8.75%contribution rate. Increase special funding contribution 153 3350301153 169,300 Increase retirement budget 153 5)c000000a 169,300 ATTACI-TIENT A -r-m."n17 11/1 F/9f117