HomeMy WebLinkAbout008-2021DocuSign Envelope ID: EEE605C6-FCF9-4693-8AF9-E5E492FD75AB
RESOLUTION NO. 8-2021
ACCEPTING THE MID -YEAR FINANCIAL REPORT, APPROVING MID -YEAR
ADJUSTMENTS TO THE FISCAL YEAR 2020/21 OPERATING BUDGET
WHEREAS, all revenue and expenditure projections, which were made in preparing the
Fiscal Year 2020/21 Operating Budget, have been reviewed; and
WHEREAS, the following mid -year adjustments to the Fiscal Year 2020/21 Operating
Budget are recommended to reflect increased expenditure needs:
General Fund - Expenditures
• Increase General Fund expenditures - Maintenance Services - Parks by $30,000;
increasing total General Fund expenditures from $23,373,837 to $23,403,837.
Special (Restricted) Revenue - Expenditures
• Increase Building/Planning expenditures - Development Services - Building by
$50,000;
• Increase Measure J expenditures - Development Services - Transportation by $5,000;
• Increase LLAD Zone D expenditures - Maintenance Services - Parks by $30,000;
• Increase LLAD Zone A expenditures - Maintenance Services - Roadsides by $18,000;
• Increase LLAD Zone B expenditures - Maintenance Services - Roadsides by $22,000;
increasing total Special Revenue expenditures from $8,203,029 to $8,328,029.
WHEREAS, sufficient funding is available in the Town's funds; now, therefore, be it
RESOLVED, that the Danville Town Council hereby approves the mid -year adjustments
to the Fiscal Year 2020/21 Operating Budget.
APPROVED, by the Danville Town Council at a regular meeting held on February 16,
2021, by the following vote:
AYES: Arnerich, Fong, Morgan, Stepper, Storer
NOES: None
ABSTAINED: None
ABSENT: None
DocuSigned by:
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MAYOR
APPROVED AS TO FORM: ATTEST:
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CITY ATTORNEY CITY CLERK