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CITY OF COLTON <br />AGENDA REPORT <br />For Council Meeting of December 20, 1994 <br />TO: Honorable Mayor and City Council Reviewed B 4p(. <br />FROM: Paula Chamberlain, Finance Director <br />SUBJECT: 1993/94 Purchase Order Date: December 12, 1994 <br />Carryovers to 1994/95 <br />BACKGROUND: <br />Each year a list of purchase orders for goods or services approved and <br />ordered, but not received, in the prior fiscal year are carried forward to <br />the current fiscal year for payment. This allows departments to pay for <br />goods or services attributable to prior year from prior year appropriations <br />rather than the current year in which the cost would not have been <br />budgeted. <br />DISCUSSION: <br />The attached listing of carryovers were included as designations of fund <br />balance in 1993/94. With the exception of contracts of the general fund <br />that were required to be "designated Funds" by our auditors, all remaining <br />general fund purchase orders were deleted due to financial constraints. <br />FISCAL IMPACT: <br />By approving the carryover list, each fund's appropriations would increase <br />by the total amount of purchase orders on the list; however, these amounts <br />were considered in the prior year's financial close. <br />ENVIRONMENTAL IMPACT: <br />None <br />RECOMMENDATION: <br />Staff recommends that Council approve the purchase order carryover list to <br />1994/95. <br />Attachments: Carryover List / <br />Page 1 of Item No.� <br />