Title
Second Reading and Action on Ordinance 18-013, an Ordinance authorizing Supplemental Appropriation #2 to the 2018 Budget.
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Summary:
This ordinance will amend the 2018 Budget for the following changes in the General Fund: Budget for grant revenue receipts not previously anticipated and corresponding expenditures. Change the department for the Communications Specialists from City Clerk to City Manager by moving payroll expenditures, also adding funds for part time receptionist. Increase expenditures for Larson Ice Arena.
Special Revenue Fund adjustment include transferring money from 3rd B to Swiftel to cover the additional operating expenditures due to acquisition of the CRC portion of the building. Transferring funds from the Digester Debt Service Fund to the Digester Capital Project fund to pay final expenditures and close out the Capital Project Fund.
Fiscal Impact:
Net impact to General Fund is Zero. $119,750.00 of Contingency Funds will be used to pay the following: Temp Pay $5,500.00, $15,000.00 City Manager Contract Expense, $6,300.00 emergency fix for Swiftel AC for BHS graduation, LIC - $10,200 to repair electric in locker rooms, $70,000.00 repairs to compressor, $12,750 expert to assess the ice rink floor and compressors.
Net impact to 75% Sales Tax Fund is Zero.
Net impact to Swiftel Center is Zero
Impact to 3rd B Tax is transfer from fund reserve of $50,000
Net impact to Digester Debt Service and Digester Capital Project Funds Zero
Recommendation
Recommendation:
Staff Recommends approval.
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Attachments:
Ordinance