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CITY COUNCIL <br />,.� AGENDA ITEM 2C <br />STAFF ORIGINATOR: Sarah Cotton <br />MEETING DATE: December 10, 2018 <br />TOPIC: Consider Resolution No. 18-178, Amending the 2018 General <br />Operating Budget <br />VOTE REQUIRED: 3/5 <br />BACKGROUND <br />The City Council has made a number of fiscal decisions throughout the year which have an impact <br />on the general operating budget. Additionally, economic conditions and projected changes in <br />budget projections have had a significant impact on the City's budget for 2018. Staff has <br />examined the potential budget areas that will be impacted by these factors. The revenue impacts <br />include decreased delinquent tax revenues, increased revenues in building and licensing <br />activities, decreased grant revenues, and increased municipal and police state aid. The <br />expenditure impacts include a net decrease to personnel service costs due to position vacancies, <br />.-� a net decrease to professional and contracted services, a decrease in parts/supplies, the Civic <br />Complex air conditioning units, and the final transfer for the park land loan and the <br />comprehensive plan update budgeted over 3 years (2016-2018). <br />Staff has prepared a listing of proposed budget adjustments for conditions that are known today <br />for City Council consideration. The original adopted budget included a use of reserves in the <br />amount of $725,000, the amended budget includes a reduction in the use of reserves to $32,288. <br />RECOMMENDATION <br />Staff recommends the approval of Resolution No. 18-178. <br />ATTACHMENTS <br />Resolution No. 18-178 <br />