2007-10-15 Council Agenda - Laserfiche WebLink

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AGENDA SECTION: City Manager’s Report ________________________________________________________________ MEETING DATE: October 15, 2007 1. AGENDA ITEM TITLE: First Quarter Financial Report and Motion on Delegating Transfers Financial Report - Attached is an FY 08 General Fund financial report of revenues and expenditures for the period of July through September. As a reminder, please note that many revenues at the beginning of this fiscal year are actually accrued to the prior fiscal year. An example of this is sales tax. The sales tax the City received in July and August were actually collected by businesses last May and June so those revenues were accrued to last fiscal year. It is normal that revenues are somewhat behind expenditures at this point in the fiscal year. In reviewing both revenue and expenditures there is very little to report so early in the fiscal year, but Deputy City Manager Watson will provide additional further details on the attached information at the council meeting. Delegating Authority for Transfers - With the last two budget transfers there has been discussion with Council about delegating authority to the City Manager to approve the more minor budget transfers. This would reduce the number of transfers for Council review and those would be the more significant transfers. If the Council sees fit, a motion to this effect would approve delegation of this authority to the City Manager for approval of budget transfers requested by departments as long as they were within the same department and fund. The council would still approve by resolution all use of contingency funds, transfers between funds, transfers incorporating a policy change, or for increasing/ decreasing total planned expenditures or revenues for the fiscal year. 2. AGENDA ITEM TITLE: 2008 City Calendar th The draft calendar was distributed with your October 11 weekly report. Are there any final comments or suggested changes? The current calendar language does not reflect any changes to yard waste collection. I would recommend increasing the per sticker price for collection to $1.50 and leaving the free collection as it stands during the leaf vacuuming season.