Title
AN ORDINANCE APPROVING AMENDMENT NO. 12 TO THE BUDGET FOR THE FISCAL YEAR ENDING JUNE 30, 2017, AS ADOPTED BY ORDINANCE NO. 7894, BY REVISING THE AUTHORIZED BUDGET EXPENDITURES OF THE CITY OF LEE’S SUMMIT, MISSOURI. (F&BC 11-6-17)
Body
Issue/Request:
AN ORDINANCE APPROVING AMENDMENT NO. 12 TO THE BUDGET FOR THE FISCAL YEAR ENDING JUNE 30, 2017, AS ADOPTED BY ORDINANCE NO. 7894, BY REVISING THE AUTHORIZED BUDGET EXPENDITURES OF THE CITY OF LEE’S SUMMIT, MISSOURI.
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 require a budget amendment for additional spending authorization.
Proposed Committee Motion:
I move to recommend for approval to City Council AN ORDINANCE APPROVING AMENDMENT NO. 12 TO THE BUDGET FOR THE FISCAL YEAR ENDING JUNE 30, 2017, AS ADOPTED BY ORDINANCE NO. 7894, BY REVISING THE AUTHORIZED BUDGET EXPENDITURES OF THE CITY OF LEE’S SUMMIT, MISSOURI.
Background:
F100 General Fund
The General Fund ended FY17 with expenditures $1,020,627 under budget. However, three General Fund departments exceeded their annual budgets. To offset these expenses, savings from other departments will be used, eliminating the need to utilize the reserve balance. Public Works Engineering ended the fiscal year $103,936 (1.94%) over budget. This is primarily attributed to an unbudgeted payment to LAGERS for certain temporary employees. Law Enforcement was $197,302 (1.0%) over budget. This is as a result of overtime expended to investigate serious crimes as well as an adjustment to Special Detail fees, which created higher demand. Finance ended the year $178,430 (2.16%) over budget. This is primarily attributed to the EMS Billing Program, which expenses bad debt and insurance adjustments relating to EMS Charges for Service. ...
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