| | | | | | | | | City of Independence | | AGENDA ITEM COVER SHEET |
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| | | | | | | | | BILL NO. 21-505 | Ord.No: 19210 |
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| | | | | | | | Agenda Title:
21-505 - 1R. 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:
Increase appropriations in the amount of $363,528.31 in the Grant Fund; $40,472.49 in the General Fund; $38,746.34 in the Parks Sales Tax Fund; transferring appropriations in the amount of $149,976.00 in the Capital Budget for the Water Fund; transferring appropriations in the amount of $4,475,873.13 in the Capital Budget for the Power & Light Fund; and transferring $1,614,532.00 from the General Fund to the Grant Fund. |
| | | | | | | | Background:
Background information for each individual appropriation adjustment is included in an attached document along with an appropriation adjustment amount, the source of funds for the appropriation adjustment and the location of where the appropriation adjustment will be recorded. |
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Fiscal Impact:
This ordinance is to increase appropriations in the amount of $422,747.14 due to increased revenues and transfer appropriations in the amount of $6,240,381.13. This ordinance is also to increase appropriations in the amount of $20,000 from General Fund Unassigned 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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