Laserfiche WebLink
MEMORANDUM <br />DATE: November 20, 2006 <br />TO: Mike Mornson, City Manager <br />FROM: Roger Larson, Finance Director <br />ITEM: . AMENDMENT OF 2006 OPERATING BUDGET <br />In 2005, the City Auditor (Tautges, Redpath) recommended to include the Dare Budget <br />as part of the General Operating Budget. In addition, they recommended that the 2% <br />insurance payment (collected by the State from insurance premiums and paid to the Fire <br />Relief Pension Fund) be included in the General Operating Budget. <br />During the 2005 auditing process, Council passed resolution #60-040 amending the 2005 <br />General Operating Budget to include these line items. <br />Since the 2006 General Operating Budget was already set in December, it needs to be <br />revised to include the Dare and Fire Relief revenue and expenditure line items. <br />To amend the 2006 General Operating Budget, approval of a resolution is necessary to <br />comply with auditing procedures and standards. <br />Recommendation: <br />Council approves resolution #06-087 amending the 2006 General Operating Budget to <br />$4,242,000. The changes include: <br />Original 2006 Budget $4,177,500 <br />Add: Dare/Forfeiture Fund $ 14,500 <br />Add: Fire Relief — 2% Insurance/Pension $ 50,000 <br />$4,242,000 <br />22 <br />