Title
AN ORDINANCE APPROVING AMENDMENT NO. 10 TO THE BUDGET FOR THE FISCAL YEAR ENDING JUNE 30, 2016, AS ADOPTED BY ORDINANCE NO. 7662, BY REVISING THE AUTHORIZED BUDGET EXPENDITURES OF THE CITY OF LEE’S SUMMIT, MO. (F&BC 12/5/16)
Body
Issue/Request:
AN ORDINANCE APPROVING AMENDMENT NO. 10 TO THE BUDGET FOR THE FISCAL YEAR ENDING JUNE 30, 2016, AS ADOPTED BY ORDINANCE NO. 7662, BY REVISING THE AUTHORIZED BUDGET EXPENDITURES OF THE CITY OF LEE’S SUMMIT, MO.
Key Issues:
At the end of each fiscal year, an analysis is done to identify any variance between budgeted amounts and the total expense for each fund. After this analysis, some funds are identified as being over budget due to anticipated costs, unanticipated costs, or incorrect budgets which requires a budget amendment for additional spending authorization.
This amendment allows for the revision of the funds where indicated. Funds are available to cover the necessary expenses and transfers.
Proposed Committee Motion:
I move to recommend to the City Council approval of AN ORDINANCE APPROVING AMENDMENT NO. 10 TO THE BUDGET FOR THE FISCAL YEAR ENDING JUNE 30, 2016, AS ADOPTED BY ORDINANCE 7662, BY REVISING THE AUTHORIZED EXPENDITURES OF THE CITY OF LEE’S SUMMIT, MO.
Background:
F100 General Fund
The General Fund finished FY16 with expenditures $2,051,163 under budget. However the Fire Department exceeded their annual budget. To offset these expenses, savings from other departments will be used, eliminating the need to utilize reserve funds.
The Fire Department budget ended the fiscal year $42,502 over budget. This is primarily attributed to paying overtime to maintain minimum staffing levels amidst retirements, military deployment, and turnover.
F201 Gamber Center
Total expenditures for the Gamber Center Fund are $11,949 over budget due to variances in Professional Fees and Miscellaneous Equipment. Professional Fees are higher due to instructor fees related to the increased revenue from activities....
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