CC MEETING: February 2, 2016
DATE: January 20, 2016
TO: Leonard Martin, City Manager
FROM: Bob Scott, Assistant City Manager
Title
Consider An Ordinance Amending The Operating And Capital Budget For The Fiscal Year October 1, 2015 Through September 30, 2016.
Body
BACKGROUND:
The City Council approved the Operating and Capital Budget for Fiscal Year 2016 on September 15, 2015. To date the following amendments to the budgets have been approved:
• On October 13, 2015 to provide funding for athletic field light pole replacements,
• On November 3, 2015 to providing funding the repair and reopening on the Indian Creek Golf Club Lakes Course,
• On November 17, 2015 to provide funding for traffic upgrades and surface infrastructure improvements,
• On January 5, 2016 to provide for funding of a 5th Medic Unit, and
• On January 19, 2016 to funding the repair and reopening on the Indian Creek Golf Club Creek Course.
The original fleet replacement budget included the replacement of nine Police Department units. Since the preparation of the budget, it has been determined that three additional units will need to be replaced in fiscal year 2016. Due to the specialized nature of Police units the schedule for ordering and delivery these units has a very limited window. The purchase of these three additional units is estimated at $145,480. This amount can be funded by fund balance in the General Fleet Replacement Fund but requires a budget amendment.
The attached updated fund summary shows the impact of the needed budget amendment.
FINANCIAL IMPLICATIONS:
Amend the Fiscal Year 2016 Operating and Capital Budget to increase recurring uses of funds in the General Fleet Replacement Fund by $145,480.
STAFF RECOMMENDATION/ACTION DESIRED:
Staff desires the City Council to pass the attached ordinance authorizing an amendment to the Fiscal Year 2016 Operating and Capital Budget.