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CITY COUNCIL <br />AGENDA ITEM 2B <br /> <br /> <br />STAFF ORIGINATOR: Hannah Lynch <br /> <br />MEETING DATE: December 14, 2020 <br /> <br />TOPIC: Consider Resolution No. 20-157, Amending the 2020 General <br />Fund Operating Budget <br /> <br />VOTE REQUIRED: 3/5 <br /> <br /> <br />BACKGROUND <br /> <br />Adopted budgets are amended over the course of the year for a variety of reasons. Factors that lead <br />to budget amendments include fiscal decisions made throughout the year, economic conditions, and <br />changes in budget projections. In 2020, the COVID-19 pandemic is another significant factor. <br /> <br />On the revenue side, COVID-19 contributed to decreased revenues in liquor licenses, lodging tax, <br />solid waste reimbursement, police SRO contract, and fines & forfeits. Other factors contributed to <br />increased municipal and police state aid. <br /> <br />On the expenditure side, COVID-19 contributed to decreased personnel costs for temporary <br />employees and decreased staff and programming within the recreation department. Other factors <br />contributed to a net decrease to personnel costs (position vacancies), a decrease in parts/supplies, <br />and a net increase in professional and contracted services. <br /> <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 $200,000; the amended budget includes an addition to reserves of $165,000. <br /> <br />RECOMMENDATION <br /> <br />Staff recommends the approval of Resolution No. 20-157 <br /> <br />ATTACHMENTS <br /> <br />Resolution No. 20-157 <br /> <br />