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|May 10, 2018, City Council Regular Meeting|
15. Motion to Approve Supplemental Amendments to the 2017 Budget Ordinance
During the year, supplemental budget adjustments are necessary to maintain the adopted legal level of control set forth in the 2017 Budget Ordinance. These supplemental appropriations may modify expenditures and revenues within any fund. This adjustment also includes changes to the Capital Improvement Fund.
First reading of this ordinance amendment was held during the Council Meeting of April 26, 2018. During the meeting, Council made changes to fund an Early Childhood Program, and to create a wage adjustment reserve to fund pay inequities that will be identified in an upcoming classification and compensation study.
This supplemental appropriation will:
The Fiscal Year 2017 Budget was approved by the City Council on December 22, 2016. The second amendment to the budget was approved on August 31, 2017. This amendment is the third and final FY17 Budget Amendment.
Melissa Carter, Chief Budget Officer
This amendment positively impacts the City's fund balance, and provides additional funds for appropriation in FY18.
REVISED_FY2017 Closeout Information.pdf
Revised_Final 2017 Budget Amendment Ordinance.pdf