Title
An Ordinance approving Amendment No. 10 to the Budget for the Fiscal Year ending June 30, 2019, as adopted by Ordinance No. 8405, by revising the authorized expenditures of the City of Lee's Summit, Missouri. (F&BC 11/11/19)
Body
Issue/Request:
An Ordinance approving Amendment No. 10 to the Budget for the Fiscal Year ending June 30, 2019, as adopted by Ordinance No. 8405, by revising the authorized 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 expense amounts and the total actual expense amounts for each fund. After this analysis, some funds are identified as having actual expenses exceed budgeted expenses. The variances can be due to several different reasons including anticipated costs being greater than expected, unanticipated costs arising, and/ or errors when the budgets were create, which require a budget amendment for the additional spending authorization.
Background:
The following is information about variances related to operational funds/ departments (i.e. funds with personnel assigned to the funds):
-F100 General Fund: As an entire fund, the General Fund ended FY19 with actual expenditures less than budget by $2,729,328. However, there was one General Fund department that exceeded their annual budget. Public Works-Operations exceeded their budget by $30,140 (or 0.6%). The biggest contributor to going over budget was snow control. Lee's Summit experienced a cold and snowy winter that increased expenses for rock salt, employee overtime, and contract services for snow control. Also, the wet spring that Lee's Summit experienced caused a number of stormwater pipe failures which increased the costs of contract repairs.
-F201 Gamber Center: The Gamber Center ended FY19 over budget by $2,940 (or 0.7%). The variance is related to full-time personnel costs for the payout of accrual banks due to a retirement.
-F202 Lovell C...
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