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.

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.

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:

Clean-up – The amendment in this category is for a carryover that should not have been budgeted in FY 2016, returning budget to contingency.  The total Clean-up adjustment is $133,748.

Operating – The amendments in the Operating category include increasing budget for Spring Training team payouts, related to increased advertising revenues received in the 2016 Spring Training season; providing expenditure authority for Soccer League revenues received; an amendment to record in-kind services at the Sports Complex; and an amendment to reflect revenues received to offset additional expenditures for Field/Clubhouse rentals and Soccer League costs. The Operating adjustments total $177,185.

Capital Items – The amendments in this category include chargebacks for Engineering and Materials Management.  The Capital Items adjustments total $312,884.