HomeMy WebLinkAbout2006-09-26 - AGENDA REPORTS - CONTINUED APPROPRIATIONS (2)CONSENT CALENDAR
DATE:
SUBJECT:
DEPARTMENT:
Agenda Item:
CITY OF SANTA CLARITA
AGENDA REPORT
City Manager Approval:
Item to be presented by:
September 26, 2006
Darren Hemdndez
FISCAL YEAR 2005-06 TO FY 2006-07 CONTINUED
APPROPRIATIONS
Administrative Services
RECOMMENDED ACTION
City Council adopt a Resolution authorizing 2006-2007 continued appropriations as specified in
Attachment A.
BACKGROUND
Each year after the budget is adopted, and as part of the year-end process, each department takes
the opportunity to review prior -year appropriations to determine if any funds should be continued
into the new fiscal year. Continued appropriations represent necessary funds authorized for
appropriation in the 2005-06 fiscal year that were not expended but are still required to complete
projects authorized by City Council. The process allows for the recognition of prior -year
revenues, as well as the opportunity to adjust existing operating, capital, or grant programs.
Overall, this request increases appropriations by $8,056,620.14, encompassing operating and
capital expenditures. General Fund continuing appropriations are $541,835.73. Total revenues
are in excess of expenditures by $686,990.60. Any proposed actions associated with the excess.
revenues will be brought to City Council for approval in the future.
ALTERNATIVE ACTIONS
Other action as determined by the City Council.
Adopted: I�_ 06- q q
FISCAL IMPACT
These funds represent prior -year appropriations that remained unspent at fiscal year end.
Appropriation of these funds will not decrease the current year fund balance. Adoption of the FY
06-07 continued appropriations will increase estimated revenues by $8,743,610.74 and
expenditures by $8,056,620.14.
ATTACHMENTS
Resolution for Continued Appropriated Funds from FY 2005-06 to 2006-07
Attachment A - Continued Appropriations from FY 2005-06 to FY 2006-07