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HomeMy WebLinkAboutReg 2008-12-01 Item 5G - Budget - Authorization for Transfer of Funds for Final 2008 Budget AmendmentCOUNCIL AGENDA SYNOPSIS Initials Meeting Date Prepared by Mayor's review I Council review 11/24/08 SH )i.44-- f c'^L 12/01/08 SH ITEM INFORMATION CAS NUMBER 08-153 ORIGINAL AGENDA DATE: NOVEMBER24, 2008 AGI :ND.1 h1 M Tri1.r. 2008 Proposed Budget Amendments C.1'riiGoRY Discussion Motion n Resolution Ordinance (J BidAtvard Public Hearing Other i It Date 11/24/08 tlltg Date 12/01/08 lltg Date I'itg Date AN Date lltg Date Mtg Date SP c)NS(I It Counal n Major Adm Svcs n DCD Finance Fire L gal Pea Police PTV S1 oNSO1 'S Attached for review are the proposed amendments to the 2008 budget. SL'.M\L1RY RI :1 11:Wi .D BY COW Mtg. CA &P Cmte F &S Cmte [J Transportation Cmte Utilities Cmte Arts Comm. n Parks Comm. Planning Comm. DALE: 11/18/08 RECOMMENDATIONS: SPoNsoR /ADlIIN Approve amendment as submitted COMMITTEE Unanimous approval; forward to Committee of the Whole COST IMPACT FUND SOURCE ExPi•:NDITURI RI {QUIRE -;D AMOUNT BUDGETED $620,000 $620,000 Fund Source. REALLOCATION OF EXISTING FUNDING WITHIN THE GENERAL FUND Comments MTG. DATE 11/24/08 MTG. DATE 11/24/08 12/01/08 RECORD OF COUNCIL ACTION Forward to next Regular meeting ATTACHMENTS Informational memorandum dated 11/19/08 Informational memorandum dated 11/13/08 Authorization for Transfer of Funds 11/13/08 Minutes from the Finance and Safety Committee meeting 11/18/08 Authorization for Transfer of Funds form ITEYI NO. APPROPRIATION REQUIRED Department: Under the provisions of Ordinance No. 2010, the following transfer of fiunds within the budget class is requested: From: To: City of Tukwila AUTHORIZATION FOR TRANSFER OF FUNDS Budget Line Item Number/ BAR 1 Amount 000.20.513.100.41.00 1 50,000 000.20.517.360.25.97 40,000 000.20.531.900.49.01 100,000 000.20.557.302.41.00 15,000 000.20.559.600.41.00 40,000 000.20.573.900.41.00 51,000 000.20.594.250.62.00 324,000 Total 620,000 Budget Line Item Number/ BAR 000.05.514.230.49.03 000.06.515.200.41.02 Total Date: II) Amount 280,000 340,000 620,000 Detailed justification for transfer: Reallocate unspent appropriations to budgets with potential deficits. Budgets increased are Finance, related to unbudgeted claims and judgements of $299,000, and Legal, related to unexpected legal representation, prosecutorial and other expenses of $340,000. APPROVED BY THE TUKWILA CITY COUNCIL AT A MEETING THEREOF: the day of 20 APPROVED BY THE DEPARTMENT HEAD: Signature: Awl-- -Uf Date: APPROVED BY THE MAYOR: Signature: Date: U Budget\ Authorization for Transfer of Funds.doc CO_Isn 11/13/2008