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C <br /> ofSft9 I 1 DI Ci5VAG; VYS <br /> 4LA <br /> MEMO OFFICE OF THE <br /> CITY MANAGER <br /> TO: Mayor Squires and City Council Members <br /> FROM: Jeff Bridges, Interim City Manag; • <br /> CC: Brennan Hickok,Assistant City ..ler <br /> Kris Erchinger,Finance Director <br /> DATE: February 8, 2019 <br /> SUBJECT: 2019 Mid-Cycle Budget Adjustments <br /> Attached is the packet of information with the recommendations for 2019 mid cycle budget <br /> amendments. The following pages are in the packet. <br /> • Page 1: Proposed 2019 revenue adjustments which add$587,260 in revenue to the <br /> 2019 budget. The spreadsheet contains each revenue adjustment. <br /> • Page 2: Proposed 2019 expenditure adjustments increasing expenditures by <br /> $426,790. The spreadsheet contains each proposed expenditure adjustment. <br /> • Page 3: Proposed 2019 adjustments to transfers reducing transfers from the <br /> General Fund by$127,567. <br /> • Page 4: A spreadsheet on the SMIC Enterprise Fund Balance(this sheet is in <br /> conjunction with reducing the General Fund transfer to SMIC). <br /> • Page 5: A summary of the proposed changes and summaries of the estimated <br /> General Fund balance for 2018 and 2019. <br /> • Page 6: A letter from Dana Paperman, Executive Director of the Seward Senior <br /> Center requesting an additional $7,900 to increase an Administrative Assistant to full <br /> time. Grant funding for this position is expiring. <br /> • Page 7: The request from Tom Clemons Chief of Police for additional funding in <br /> 2019 for recruit training. <br /> • Page 8 & 9: A memo from Brenda Ballou, City Clerk,requesting various budget <br /> adjustments for 2019. <br /> The net result of these amendments is a 2019 budget that is balanced without using Fund Balance <br /> and an estimated total fund balance increasing from $7,519,521 to $8,630,517. <br />