TO: Mayor Collins and Town Council Members
FROM: Kevin Burke, Town Manager
Dawn Marie Buckland, Director of Administration & Govt Affairs
Christine Covell-Granberg, Sr. Financial Analyst
DATE: October 22, 2015
DEPARTMENT: Administration and Government Affairs Department
Staff Contact Dawn Marie Buckland, Director of Administration & Government Affairs
End
AGENDA TITLE:
Title
Adoption of Resolution Number 1340 FY15 Year End Budget Adjustments
Body
Council Goals or Other Policies / Statutory Requirements:
Develop a long term sustainable budget
Develop and advance a Capital Improvement Program
Prioritize public engagement and transparency
RECOMMENDATION:
Recommendation
Adopt Resolution 1340
Background
SUMMARY STATEMENT:
The proposed FY15 Final Budget adjustments are to align budget with actual expenditures within the General Fund and HURF Funds to ensure that changes to the FY 2015 budget are presented to the public in an accurate and transparent manner. The two primary drivers for the budget adjustments are reflective of the major storm event in the fall of 2014 and the professional services for interim management due to unanticipated retirements.
BUDGETARY IMPACT:
Approval will adjust the FY 2015 budget to reflect the allocation of funding to these areas. Appropriation will be reallocated without increasing the overall budget.
ATTACHMENT(S):
Resolution