Agenda Item #________
Columbus Consolidated Government
Council Meeting
November 20, 2007
Agenda Report #___________
TO: Mayor and Councilors
SUBJECT: FY07 Final Budget Adjustment
INITIATED BY: Finance Department
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Recommendation: Approve an Ordinance amending the FY07 revised budgets by
reappropriating funds for various operational activities and revising revenue
projections.
Background: The Council has adopted the City?s Annual Operating budget and in
special actions has adopted various special purpose budgets. All of these
budgets appropriate funding for planned operations. During the course of the
year, adjustments become necessary to increase or redistribute funding based on
actions of Council, changes in departmental activities and changes in funding
sources.
Staff is requesting a budget amendment to appropriate monies needed for various
operational activities. As provided in the charter and state law, only
Council has the authority to change spending levels. Adjustments are included
in this Ordinance to reflect changes needed to complete organizational
objectives. These adjustments are necessary to modify budgets to change to the
legal level of control at the department level as per O.C.G.A. Chapter 36.
Staff is requesting adjustments for operational expenditures like
administrative and operating costs for the following funds. In order to keep
an accurate record of authorized spending levels and positions; this budget
amendment is submitted for Council consideration.
Analysis: The recommended budget adjustments are outlined on the attached
tables with the summary tables immediately following the memorandum identifying
the amount to be reappropriated in each accounting fund. These adjustments
change the total spending authority of the designated departments. The
reappropriation will change the total approved budget of each fund as follows:
General Fund: The adjustment will not adjust the total approved revenue
budget of the fund of $129,337,703 and will not adjust the total approved
expenditure budget of the fund of $138,210,506.
Medical Center Fund: The adjustment will increase the total approved
revenue budget of the fund by $695,630 and will increase the total approved
expenditure budget of the fund by $695,630 from $10,605,318 to $11,300,948.
Debt Service Fund: The adjustment will adjust the total approved revenue
budget by $22,000,000 and will adjust the total approved expenditure budget of
the fund by $22,000,000 from $7,986,539 to $29,986,539.
Civic Center Fund: The adjustment will adjust the total approved revenue budget
of the fund by $220,075 and will adjust the total approved expenditure budget
of the fund by $220,075 from $5,454,174 to $5,674,249.
Economic Development Authority Fund: The adjustment will adjust the total
approved revenue budget by $50,211 and will adjust the total approved
expenditure budget of the fund by $68,782 from $839,587 to $908,369.
Community Development Block Grant Fund: The adjustment will increase
the total approved revenue budget by $2,268,097 and will increase the total
approved expenditure budget of the fund by $2,268,097 from $2,154,872 to
$4,422,969.
Multi Gov?t Project Fund: The adjustment will increase the total
approved revenue budget by $802,773 and will increase the total approved
expenditure budget of the fund by $802,773 from $2,495,942 to $3,298,715.
METRO Drug Task Force Fund: The adjustment will increase the total
approved revenue budget by $25,545 and will increase the total approved
expenditure budget of the fund by $25,545 from $130,000 to $155,545.
Workforce Investment Act Fund: The adjustment will increase the total
approved revenue budget by $803,899 and will increase the total approved
expenditure budget of the fund by $803,899 from $1,499,979 to $2,303,878.
Economic Development Program Fund: The adjustment will increase the
total approved revenue budget by $50,946 and will increase the total approved
expenditure budget of the fund by $50,946 from $15,000 to $65,946.
1999 Special Local Option Sales Tax Proceeds Account Fund: The
adjustment will increase the total approved revenue budget by $4,828,727 and
will increase the total approved expenditure budget of the fund by $4,828,727
from $32,193,827 to $37,022,554.
Special Projects Fund: The adjustment will increase the total approved
revenue budget by $4,263,501 and will increase the total approved expenditure
budget of the fund by $4,263,501 from $3,468,945 to $7,732,446.
Hotel/Motel Tax Fund: The adjustment will increase the total approved
revenue budget of the fund by $560,407 and will increase the total approved
expenditure budget of the fund by $1,264,847 from $3,208,375 to $4,473,222.
Recommendation/Action: Approve an Ordinance amending the FY07 revised budgets
by reappropriating funds for various operational activities and revising
revenue projections.
Attachments
No attachments for this document.