Fiscal Note
The proposed resolution amends the 2021 Adopted Operating Budget in order to make adjustments within various agency budgets. The net General Fund appropriation change is an increase of $1,000,000, which will utilize remaining expenditure authority and continue to allow the City to qualify for a state Expenditure Restraint Program payment in 2022.
Major Fund Impacts
1. General Fund - Increase net expenditures by $1 million; improve fund balance by up to $3.4 million.
2. Room Tax Fund - Transfer up to $2.4 million to the General Fund.
3. Grants Fund - Utilize $1 million of American Rescue Plan Act (ARPA) funding for Fire Department costs.
4. Metro Transit Fund - Transfer $359,910 from the General Fund to Metro Transit Fund; increase expenditures by $359,910.
The proposed changes include:
Sick Leave Escrow
Finance: $50,000
Parks: $100,000
Direct Appropriations: ($150,000)
The 2021 Adopted Operating Budget includes $2.77m for sick leave escrow payments made from the General Fund. Through the 3rd Quarter, $3.2m has been paid out by General Fund agencies. The mid-year appropriation transferred $671,000 to the Fire Department. This resolution recommends transferring funds to the Finance Department and the Parks Division, where the sick leave escrow amount is contributing to a deficit in the agency’s overall budget.
Carry Forward Encumbrances
The total amount carried forward from 2020 for Public Health encumbrances associated with contracts that span multiple years totals $54,731. The resolution authorizes increasing the budget for Public Health carry forward encumbrances and to fund the increase from the Public Health fund balance.
The Planning Division requests establishing budget to reflect carryforward encumbrances from 2020 for the Metropolitan Planning Organization in the Grants Fund. The resolution establishes an additional $8,150 of budget on both charges for services and purchased services for rideshare advertising.
American Resc...
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