1990 AGN SEP 18 I09 - Laserfiche WebLink

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CITY OF COLTON AGENDA REPORT For Council Meeting of September 18, 1990 TO: Honorable Mayor and City Council FROM: Jerry Yotmg, Financial Services Diana SUBJECT: FISCAL YEAR 1989-90 APPROPRIATIONS q Date: 9/12/90 BACKGROUND: At the end of each fiscal year, there are a number of specific activities and equipment which have been authorized by the City Council, but which remain xncom- plete or unpurcbased. In some instances, a purr -base order has been issued prior to the close of the fiscal year, but has not yet been paid. In others, the item re- quires more than a single year to design or bid and a purchase order has not yet been issued. These item are not rebudgeted in the next year's budget; they are instead, carried forward in a separate Council act -ion. As the Council is aware, Captial Improvement Projects are budgeted on a multi-year basis with project bal- ances also carried over into each new year. Even though Council has already ap- proved these activities, projects, or purchases, it is necessary to formally reauthorize the expenditure at the beginning of each new fiscal year. Attacbment #1 to this report summarizes the current and proposed status of the adopted budget for Fiscal Year 1990-91. Attacbment #2 provides the detailed ac- count information for the various carry avers. You will note that, of the $7,951,662 in carry over appropriations, $6,778,608 relate to the multi-year Capi- tal Impravement Program. The remaining $1,173,054 for operation activities, repre- sents purchase orders either already issued or in progress; all of which relate to activities approved by the Council -in the Fiscal Year 1989-90 budget. Staff recommends that the Council approve the continuation Of $7,951,662 Of appro- priations from Fiscal Year 1989-90 into Fiscal Year 1990-91, as identified in Attacbement #2, and that staff be authorized to so modify the Fiscal Year 1990-91 budget. Attachments: 2 Page I of ORIGINAL LLM Not .11751K....4. ..... . .... Item No. 9