Item #04 Approval of Year End Budget Adjustments for Fiscal Year 2017 Ocoee
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AGENDA ITEM COVER SHEET
Meeting Date: April 3, 2018
Item #
Reviewed By:
Contact Name: Craig Shadrix Department Director:
Contact Number: City Manager:
Subject: Year End Budget Adjustments for FY2017
Background Summary:
Annually, the City is required to reconcile its budget at the close of each year. Expenses for a general fund
program exceeded the budgeted amount for fiscal year 2017, by $10,576.71. The overage was due to higher
than anticipated paid-time-off buy outs
Issue:
Should the city commission approve the transfer of funds ($10,576.71)from available budgeted line items to the
City Manager expenses to cover the budget differential above?
Recommendations
Staff recommends the commission approve the budget transfer from Legal Expense ($10,576.71) to City
Manager to cover the budget deficit.
Attachments:
N/A
Financial Impact:
This action will eliminate the budget deficit within the City Manager program for fiscal year 2017.
Type of Item: (please mark with an "x,
Public Hearing For Clerk's Dept Use:
Ordinance First Reading X' Consent Agenda
Ordinance Second Reading Public Hearing
Resolution Regular Agenda
X Commission Approval
Discussion&Direction
Original Document/Contract Attached for Execution by City Clerk
Original Document/Contract Held by Department for Execution
Reviewed by City Attorney N/A
Reviewed by Finance Dept. QkQci ( 4% k N/A
Reviewed by () N/A