Summary
To: Town Commission
From: Ashley L. A. Bernal, Management Analyst
Date: 9/2/2014
______________________________________________________________________
Subject:
Title
Resolution 2019-4, Amendment to the FY 2018-19 Budget
Summary:
Town staff is requesting that the budget be amended for Fiscal Year 2018-19
End
Body
Previous Commission Action: Town Commission approved the FY 2018-19 Annual Budget in September 2018.
Background/Problem Discussion: The town is currently six months into the current fiscal year. In that time, several expenditure needs have been identified. Staff is requesting that those needs be memorialized through formal adoption of a budget amendment resolution. An overview for each fund is provided below:
General Fund:
1) Safety measures, such as replacing doors and door locks, have been funded through a reallocation of funds within the Administration department ($19,100).
2) Achieving WCAG compliance through use of reserves from the prior year ($20,000).
3) Capital purchases such as the wood chipper, which is funded through a transfer from the Local Option Gas Tax fund ($42,500), and the bucket truck, which is funded from a donation from the Doyle family ($100,000) and a transfer of funds from the Capital Equipment fund ($23,000).
4) Carry forward of prior year funds for the Strategic Plan ($60,375).
Water Fund:
1) Safety measures, such as door locks, have been funded through donations ($12,500), Interest Proceeds ($12,500), and a reallocation within Capital Purchases ($2,500).
2) Additional callback pay for staff is funded through Interest Proceeds ($10,400).
Capital Projects Fund:
1) The Pile Driver is being purchase through the use of reserves ($6,000).
Local Option Gas Tax Fund:
1) Transferring funds for the wood chipper are being supported from reserves ($42,500).
Expenditure Challenges Please see the attached detail of the budget amendment for a complete line-item detail.
Financial Implications: Please see the attached detail...
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