HomeMy Public PortalAboutAB 03-96 Unanticipated Revenue and ExpenseCITY COUNCIL City of McCall
AGENDA BILL 216 East Park Street
Number AB 03-96 McCall, ID 83638
Date August 14, 2003
ITEM INFORMATION
SUBJECT:
Original Agenda Date
& Bill No.
Open Budget to Reflect
Department/Committee/Individual
Initials
Remarks
Unanticipated Revenue and
A
Mayor / Council
Expense
P
City Manager
P
Finance
Director/City Clerk
Originator
R
Deputy City Clerk
O
Community Development
V
Police Chief
A
Public Works
L
Director of Golf & Parks Operations
COST IMPACT:
S
Recreation Director
FUNDING SOURCE:
Airport Manager
AIP Funds, General Fund, Golf Fund
Librarian
TIMELINE:
City Attorney
Summer
2003
Grant Coordinator
SUMMARY STATEMENT:
These budget amendments are necessary:
To reflect carry-over revenue and expenses of $300,045 in the Airport Fund used for completion
of Airport Improvement Project #8, which was delayed past the end of Fiscal Year 2002 due to the heavy fire season. The Airport has received $277,805 in grants from the FAA and will
receive an additional $6,807 before the end of the fiscal year. An additional $15,433 in grants from the State of Idaho were not included in the FY 2003 budget; and
To accurately account
for $60,000 in loans from appropriated fund balance in the General Fund to the Golf Fund authorized by prior City Council action. The first loan of $10,000 is to be used for marketing,
and another $50,000 is for costs of greens recovery and equipment purchases. Publication of Ordinance 783 included an additional $100,000 in revenue and expense to preserve the option
of handling $100,000 of Golf Foundation funded improvements to the Golf Course through the City bidding and purchasing process. After the publication deadline, the decision was made
by the Golf Foundation to make improvements without utilizing the City bidding process. Ordinance 783 does not include that $100,000 in potential revenue and expense included in the
published Notice of Hearing.
RECOMMENDED ACTION: Suspend the rules, read by title only, one time only, Ordinance No. 783. Adopt Ordinance No. 783.
RECORD OF COUNCIL ACTION
Meeting
Date
Action
August 14, 2003
Suspended the rules, read by title only, one time only, Ordinance No. 783 and adopted Ordinance No. 783