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File #: 74676    Version: Name:
Type: Resolution Status: Passed
File created: 11/14/2022 In control: FINANCE COMMITTEE
On agenda: 12/6/2022 Final action: 12/6/2022
Enactment date: 12/9/2022 Enactment #: RES-22-00831
Title: SUBSTITUTE: BY TITLE ONLY: 2022 Year-End Appropriation Resolution Amending the 2022 Adopted Operating Budget by appropriating a net amount of $1,400,000 from the General Fund balance to agency budgets, making transfers between funds, making transfers of appropriations between and within agency budgets; and amending the 2022 capital budget to increase funding for the temporary men’s shelter project and to transfer funds across projects.
Sponsors: Satya V. Rhodes-Conway
Attachments: 1. Fleet Service Adjustments for File 74679.pdf, 2. Insurance and Workers Comp Adjustments for File 74679.pdf, 3. Capital Project Transfers for File 74679.pdf, 4. 2022 YE Appropriation - FC.pdf
Fiscal Note
The proposed resolution amends the 2022 Adopted Operating and Capital Budgets in order to make adjustments within various agency budgets and capital projects. The net General Fund appropriation change is an increase of $1,400,000 which will utilize remaining expenditure authority and continue to allow the City to qualify for a state Expenditure Restraint Program payment in 2023. With the Mid-Year Appropriation ($1,592,803 -- Legistar File 72607), a resolution to increase the General Fund appropriation to the Department of Civil Rights ($60,000 -- Legistar File 73632) and this resolution ($1.4 million), the total increase in General Fund appropriations compared to the 2022 adopted budget is $3,052,803. After these appropriations from fund balance, along with estimates of actual revenues and expenditures compared to budget, it is expected that the General Fund unassigned balance on December 31, 2022, will be close to the policy goal of 15 percent of 2023 budgeted expenditures.

The resolution proposes the following intra-departmental transfers, inter-departmental transfers, changes to interdepartmental billings and charges, and changes to capital projects.

General Fund Balance & Fire Department Deficit
The Fire Department is projecting a net operating deficit of $2.65 million. $1.4 million of general fund balance is appropriated to the Fire Department to cover overtime expenses. The remaining Fire Department deficit will be covered by an inter-agency transfer from direct appropriations for compensated absence escrow, general fund savings generated from a correction to insurance and workers compensation charges, and a transfer of a portion of the appropriation from the general fund balance made to Fleet in the mid-year resolution. These changes are described in more detail below.

Intra-Agency Transfers & Agency Revenue Adjustments
The resolution seeks approval to authorize $3,666,700 in transfers across major expenditure categories within agency budge...

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