The attached schedules list FY 2016 budget amendments which, under current Council and/or Administrative policy, require Council approval.  These amendments have been reviewed by the Management and Budget Department and the Chief Financial Officer and are submitted to Council for approval.  The following listing describes the budget amendments by category.

No previous action has been taken on these budget amendments.

A:      Approve all budget amendments as recommended.

B:      Approve only select budget amendments.

C:     Do not approve the budget amendments and request further information from Staff.

Discussion and possible action to approve the attached Fiscal Year 2016 Year-End Budget Amendments.

These budget amendments have no net fiscal impact to the city.  Some of the budget amendments are to provide expenditure authority for funds that have been received, i.e., through grants, IGAs, and/or reimbursements.  Other budget amendments are to move existing appropriation to the proper accounts.  

FY 2016 Year-End Budget Amendments Summary:

Operating – The amendments in the Operating category include increasing budget for Spring Training team payouts, related to increased revenues received in the 2016 Spring Training season; moving two Council Chamber improvement projects from FY 2017 to FY 2016 in order to procure equipment and complete the projects over the summer; moving budget between accounts within the Employee Benefits Trust Fund from Health Claims to Dental Claims to match the expected payouts for FY 2016; providing budget authority to spend funding received from applications for Community Facilities Districts to process those CFD applications; and an adjustment for a year-end accounting entry of the Incurred But Not Reported (IBNR) reserves in the Worker’s Compensation Fund. The Operating adjustments total $698,202.

Capital Items – The amendments in this category include closing the Municipal Development Authority fund, with expenditures from the Sports Complex project to be transferred from the MDA fund to the General Obligation Bond Sale fund; and chargebacks for Engineering, Materials Management and Arts Commission.  The Capital Items adjustments total $431,883.