| | | | | | | | | City of Independence | | AGENDA ITEM COVER SHEET |
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| | | | | | | | | BILL NO. 20-078 | Ord.No: 19167 |
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| | | | | | | | Agenda Title:
20-078 - 2R. An ordinance adopting amendments to the Fiscal Year 2020- 2021 Budget, which was approved by Ordinance No. 19131. Appropriation ordinances may receive two readings and be voted on at the same meeting. |
| | | | | | | | Recommendations:
Staff recommends approval of this item. |
| | | | | | | | Executive Summary:
The purpose of this ordinance is to appropriate revenues that have been received and make any necessary changes and transfers since the FY 20/21 budget was adopted. |
| | | | | | | | Background:
An ordinance increasing revenues and appropriations in the amount of $32,440.93 in the General Fund; $6,302.44 in the Fire public Safety Sales Tax Fund; $6,953,474.00 in the CARES Fund; and, transferring $25,300.00 from the General Fund to the Parks Improvement Sales Tax Fund. |
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Fiscal Impact:
Increases appropriations in various budgetary funds. For the majority of appropriations there will not be a net fiscal impact since funds have been received to offset the appropriations.
For the transfer from the General Fund to the Park and Recreation Sales Tax Fund, the fiscal impact for the appropriation is $25,300. This transfer was not budgeted for the current or prior years and therefore the the appropriation will need to be taken out of the General Fund, fund balance.
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| | | | | | | | | Department: Finance and Administration | Contact Person: Bryan Kidney |
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| REVIEWERS: | | Department | Action | | Finance Department | Approved | | Finance Department | Approved | | City Managers Office | Approved | | City Clerk Department | Approved |
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| Council Action: | Council Action: |
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