TO: Mayor Collins and Town Council Members
FROM: Kevin Burke, Town Manager
Dawn Marie Buckland, Director of Administration and Govt Affairs
DATE: June 9, 2016
DEPARTMENT: Administration and Government Affairs Department
Staff Contact
Dawn Marie Buckland, 480.348.3555
End
AGENDA TITLE:
Title
Adoption of Resolution Number 2016-15 Approving FY 2016 Budget Adjustments
Body
Council Goals
Finance: Develop a long term sustainable budget
RECOMMENDATION:
Recommendation
Adopt Resolution 2016-15 approving FY 2016 budget adjustments.
Background
SUMMARY STATEMENT:
Council adopts a budget every year establishing the legal authority for Town expenditures. Once the tentative budget has been set, the overall budget cannot be increased, but budget amounts can be decreased or moved between line items. Contingency appropriation is established each year to ensure that the Town may take advantage of unanticipated opportunities and address emergencies over the course of the year. Any contingency adjustments over $50,000 require Council approval.
There are two RedFlex budget adjustments requested. The first reflects the reconciliation of the installation costs of $60K associated with the newer cameras. No prior related expenditures have been made pending this reconciliation. The second reflects the fee per citation that is owed to RedFlex. The number of citations exceeded anticipated levels, resulting in the need for an additional $380K in budget authority. Revenues from the associated citations are sufficient to cover these costs.
The third item is the ADOT contract final payment for the 2007 Tatum Curve project that was approved at the May 26, 2016 Council Meeting. This actual simply consolidates the budget transfers onto a single resolution.
ATTACHMENT(S):
Resolution 2016-15