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File #: 18-0951    Version: 1 Name: 6/18/18 Resolution to Amend Ann Arbor City Budget for Fiscal Year 2018
Type: Resolution Status: Passed
File created: 6/18/2018 In control: City Council
On agenda: 6/18/2018 Final action: 6/18/2018
Enactment date: 6/18/2018 Enactment #: R-18-233
Title: Resolution to Amend Ann Arbor City Budget for Fiscal Year 2018 (8 Votes Required)
Attachments: 1. City Budget Amendment for FY2018 attachment.pdf

Title

Resolution to Amend Ann Arbor City Budget for Fiscal Year 2018 (8 Votes Required)

Memorandum

Attached for your review and approval, please find a resolution to amend the Ann Arbor City Budget for Fiscal Year 2018.

 

The Michigan Public Act 621 of 1978, as amended, provides that the City shall not incur expenditures in excess of the amounts appropriated.  In order to comply with PA 621, the City monitors expenditures against the adopted budget on a monthly basis and appropriates budget amendments be adopted by Council as needed.

 

Management of the City has monitored the revenue and expenditure activity against the adopted budget for the various funds throughout the year.  In addition, management has attempted to periodically forecast the remainder of the fiscal year’s revenue and expenditures.

 

In monitoring the various funds, management has forecasted certain variances versus budget that require budget amendments to remain in compliance with PA 621 as indicated above.  These variances and the reasons for the variances are listed on the attachment.

 

The total requested General Fund budget amendment is $1,180,000. The budget amendment for all other funds totals $220,000.  A detail of the requested appropriations is attached.

 

Passage of this Resolution and approval of the fiscal year 2018 budget amendments as prepared is recommended.

Staff

Prepared by:             Karen Lancaster, Finance Director

Reviewed by:            Tom Crawford, CFO

Approved by:            Howard Lazarus, City Administrator

Body

Whereas, On May 15, 2017, City Council adopted the annual operating budget for FY 2018 for the City of Ann Arbor;

 

Whereas, The Michigan Public Act 621 of 1978, as amended, provides that the City shall not incur expenditures in excess of the amounts appropriated;

 

Whereas, The City’s management have monitored revenues and expenditures and have forecasted revenues and expenditures against the adopted budget; and

 

Whereas, The forecasted expenditures are in excess of the City’s adopted budget for some units in the General Fund, and certain other funds in total as listed below;

 

RESOLVED, That Council amend the General Fund expenditure budget by $1,180,000.00 as follows, with the source of funding for the City Clerk from election reimbursement ($50,000.00), severances of $650,000.00 from assigned fund balance, and the remaining $480,000.00 from use of fund balance:

 

GENERAL FUND EXPENDITURES

See attachment.

 

RESOLVED, That Council amend the following other funds’ revenue and expenditure budgets for FY 2018, with the source of funding as indicated:

 

REVENUES

Fund

Fund Name

Amount

0023

COURT FACILITIES FUND - Transfer from the General Fund

20,000.00

 

 

 

 

EXPENDITURES

Fund

Fund Name

Amount

0026

CONSTRUCTION CODE FUND - Funded From Building Permit revenue in excess of budget

200,000.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ATTACHMENT

 

City of Ann Arbor

Proposed Fiscal Year 2018 Budgeted Amendments

 

General Fund Expenditures

 

Service Area/Unit

Reasons

Impact

 

See attachment.

 

 

Non-General Funds

 

Fund

Reasons

Impact

 

 

 

See attachment.