HomeMy WebLinkAbout09-05-2006 ITEM V-DCITY OF_._U
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AGENDA BILL APPROVAL FORM
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Agenda Subject:
Date:
Fund Balance Spending
August 25, 2006
Department:
Attachments:
Budget Impact:
Finance
Administrative Recommendation:
City Council authorize $400,000 fund spending in the Local Street fund 103.
Background Summary:
As the Public Works Committee has requested that as much work as possible be done before the end of
the year. Along with the increased commodity cost, the current appropriation (budget) will be exceeded
by $400,000. There are sufficient funds in fund balance. The Finance department is seeking consent of
the Council to expend the fund balance before the year end budget adjustment. The monies for these
additional expenditures will be appropriated in December along with any other needed adjustments.
Fund balance available for appropriation is approximately $450,000.
N0905-1
04.9, F3.20
Reviewed by Council & Committees:
Reviewed by Departments & Divisions:
❑ Arts Commission COUNCIL COMMITTEES:
❑ Building ❑ M&O
❑ Airport ® Finance
❑ Cemetery ❑ Mayor
❑ Hearing Examiner ® Municipal Serv.
® Finance ❑ Parks
❑ Human Services ❑ Planning & CD
❑ Fire ❑ Planning
❑ Park Board []Public Works
❑ Legal ❑ Police
❑ Planning Comm. ❑ Other
❑ Public Works ❑ Human Resources
❑ Information Services
Action:
Committee Approval: ❑Yes ❑No
Council Approval: ❑Yes ❑No Call for Public Hearing
Referred to Until —/—/
Tabled Until —/—/
Councilmember: Backus Staff: Coleman
Meeting Date: September 5, 2006 Item Number: V.D
AUBURN* MORE THAN YOU IMAGINED