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• Total General Fund Revenue Increase is $379,000 <br />• Drawdown on Reserve $604,739 <br />Childcare Fund <br />Transfers from Other Funds (8101-100) -Transfer from General Fund <br />To record the receipt of funds transferred from the General Fund to write-off the loss <br />($604,739) created by the Colton Cares program in fiscal years 2002-03 through 2004-05 <br />as directed by City Auditor's. <br />Electric Utility Fund <br />Development Fees (6798) — Revenue received is higher than projected from new <br />development applications by $70,000 <br />FINANCIAL IMPACT <br />The bulk of this report is concerned with "financial impact." If the members concur with staff's <br />recommendations the adjustments shown in Exhibit A will be implemented. <br />ENVIRONMENTAL IMPACT <br />None <br />CONFLICT OF INTEREST <br />None <br />RECOMMENDATIONS <br />Staff recommends the approval of: <br />a) The attached Resolution incorporating the changes in Revenues and Appropriations as <br />identified in Exhibit A and <br />b) The attached Redevelopment Agency Resolution incorporating the changes in <br />Appropriations as identified in Exhibit A <br />c) The attached Colton Utility Authority Resolution incorporating the changes in Appropriations <br />as identified in Exhibit A. <br />Attachments: City Resolution <br />RDA Resolution <br />CUA Resolution <br />Exhibit A <br />REVIEW TEAM ONLY <br />City Attorney: "Wftyvi-ez, Finance Director: <br />City Manager: OTHER: <br />