HomeMy Public PortalAboutAB 12-185 Continget Revenue and Contingent Expense Line Transfers for Unanticipated RevenueMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB12-185
Meeting Date September 27, 2012
AGENDA ITEM INFORMATION
SUBJECT:
Contingent Revenue and Contingent Expense line item transfers for unanticipated revenue
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Originator
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
$94,348
Parks and Recreation
FUNDING SOURCE:
ITD Office of Highway Safety Grant $22,000; Private Contributions $3,755; REEZ Grant $67,967; REEZ Partner Match $626
Airport
Library
TIMELINE:
N/A
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The City of McCall was awarded $22,000 from the Idaho Transportation Department Office of Highway Safety for traffic enforcement mobilizations during FY12 for overtime reimbursement
and equipment incentives. The Library started the Film Society program to bring in films for public viewing. They have received donations of $3,755 to offset the cost of this new program.
Also, the Renewable Energy Enterprise Zone (REEZ) Project was anticipated to be completed by the end of FY11 and was not included in the FY12 budget. There was $68,593 received for
the REEZ project completing the project in FY12.
This revenue was not included in the FY12 budget. In order to be able to spend those funds on the identified projects, contingent revenue and contingent expense line item transfers
must be made. The transfers are as follows:
$22,000 from Contingent Revenue General Fund 10-99-075-100 to Federal – PD – Highway Safety 10-30-025-402
$22,000 from Contingent Expense General Fund 10-99-750-750 to Federal – PD – Highway Safety 10-60-250-662
$3,755 from Contingent Revenue Library Fund 25-99-075-100 to Private Contributions 25-30-040-970
$3,755 from Contingent Expense Library Fund 25-99-750-750 to Audio Visual Materials 25-57-150-462
$68,593 from Contingent Revenue Capital Projects Fund 30-99-075-100 to Federal – REEZ 30-30-025-201 ($67,967) and REEZ – Solar Proj. Partners 30-30-025-201.1 ($626)
$68,593 from Contingent Expense Capital Projects Fund 30-99-750-750 to Federal – REEZ 30-60-250-717 ($67,967) and Fed – REEZ – Part. Match 30-60-250-718 ($626)
RECOMMENDED ACTION:
Approve the contingent revenue and contingent expense line item transfers.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION