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c` Agenda Section: ©mosil -REQUEST FOR COUNCIL CONSIDERATION Report Number: 91-133c STAFF REPORT Report Date: 12-19-91 lf EW Council Action: ❑ Special Order of Business CITY COUNCIL MEETING DATE n e r Pmh e r 21. 1991 ❑ Public Hearings 0 Consent Agenda 7 Council Business Item Description: Amending the 1992 General Fund Budget Administrator's Review/Recommendation: nn - No comments to supplement this report \AAL - Comments attached. Explanation/Summary (attach supplement sheets as necessary.) SUMMARY: I have prepared a resolution for your consideration which amends the 1992 General Fund budget for two items that have been informally approved by the Council at Work Sessions and for a new item which is being requested by Parks & Recreation Director Saarion. These items are discussed below. My understanding of discussions of the Street Light Utility was that it was Council's intention to remove the costs of street lighting from the General Fund budget and to account for the Street Light Utility in a separate fund; in the same manner that the Water and Sewer utilities are accounted for. The attached resolution decreases the expenditure budget by $47,960; the amount budgeted for street lighting. On the revenue side the resolution reduces the Appropriation of Fund Balance account by the same amount. I understand that at the last Work Session conceptual approval was given to extension of the Administrative Intern's position to December 31, 1992. The adopted 1992 budget did not include funding for that position. The attached resolution amends the General Fund expenditure budget for the cost of the position; $ 16,925. On the revenue side the resolution increases the Transfers account by a like amount as it is my understanding that the administrative fee the City will receive in 1992 on the Sysco tax increment project will be used to pay for the position. The 1991 General Fund budget included $14,000 for Lambert Park improvements. $8,347 remains unspent. Parks and Recreation Director Saarion requests that this money be carried forward into the 1992 General Fund Budget-and-added-to-maney_budgexed_for_1992_for_Lamber_t Park. The attached resolution increases the Park's capital account by $8,347. Revenues are increased by a like amount. Di-v-vra...)-sk —Donald Brager, Finance Dir r=Treasurer RECOMMENDATION; Adopt Resolution No. 4155, A Resolution amending The 1992 General Fund Budget.