TO: Mayor and City Council
THROUGH: Steve Powers, City Manager
FROM: Josh Eggleston, AIC Chief Financial Officer
SUBJECT:
title
Transfer of FY 2022 General Fund Appropriations.
Ward(s): All Wards
Councilor(s): All Councilors
Neighborhood(s): All Neighborhoods
Result Area(s): Good Governance.
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SUMMARY:
summary
This proposed transfer of contingency would fund communication and information support for a potential 2022 infrastructure bond ballot measure.
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ISSUE:
Shall the City Council adopt Resolution No. 2021-43 authorizing a transfer of appropriations within the City’s fiscal year 2022 budget for unanticipated changes?
RECOMMENDATION:
recommendation
Adopt Resolution No. 2021-43 authorizing a transfer of appropriations within the City’s fiscal year 2022 budget for unanticipated changes.
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FACTS AND FINDINGS:
Infrastructure Bond Communication Services
Fund 101, General Fund, Non-Departmental
From: Non-Departmental, Contingency, 101-60961000-61110, $170,000
To: Non-Departmental, Materials and Services, 101-60961000-52670, $170,000
In addition to this report, on the City Council agenda this evening is a recommendation from the Finance Committee to move forward with a November 2022 General Obligation (GO) bond measure. This funding request is to contract with a vendor to develop a community engagement and information sharing strategy, including development of key messages, and supporting materials for use is a variety of formats to inform the community about the GO bond measure.
BACKGROUND:
State law allows local governments to approve transfers of appropriations within the limits established by the adopted budget to address unanticipated changes.
Attachments:
1. Resolution No. 2021-43