HomeMy Public PortalAboutAB 04-10 Budget transfersMCCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, ID 83638
Number AB 04-10
Meeting Date January 8, 2004
AGENDA ITEM INFORMATION
SUBJECT:
Budget transfer from
Contingent Revenue to Lease Proceeds and from Contingent Expense to Capital Purchases.
Approvals: Department/
Committee/Individual
Initials
Remarks
(Originator/Support)
Mayor
/ Council
City Manager / City Clerk
Treasurer
Originator
Community Development
Police Department
Public Works
Golf Operations
Parks
& Recreation
COST IMPACT: $60,495
Airport
FUNDING SOURCE: General Fund
Library
City Attorney
TIMELINE: Immediate
Grant Coordinator
Other
SUMMARY
STATEMENT:
The Police and Community Development Departments budgeted lease expenses for new vehicles for the 2003-2004 fiscal year.
The lease proceeds of $40,330 for the Police Department
and $20,165 for the Community Development Department were not budgeted. Although we will not actually pay this full amount, we must show the lease proceeds in the first year of the
lease for reporting purposes.
The Police and Community Development Departments request transfers of funds from General Fund Contingent Revenue (10-99-075-100) to Lease Proceeds (10-30-070-999),
and from General Fund Contingent Expense (10-99-750-100) to Capital Purchases (10-50-200-702) in the Police Department and to Capital Purchases (10-48-200-702) in the Community Development
Department.
RECOMMENDED ACTION: Council to approve transfers.
RECORD OF COUNCIL ACTION
Meeting Date
ACTION
1/8/04
Budget transfers approved