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Council Agenda Item Cover <br />________________________________________________________________ <br />MEETING DATE: <br /> January 5, 2008 <br />AGENDA ITEM TITLE: <br /> Resolution Delegating a Certain Level of Budget <br />Transfer Authority to the City Manager <br />AGENDA SECTION: <br /> New Business <br />CAN THIS ITEM BE RESCHEDULED? : <br />Yes <br />BACKGROUND REVIEW: <br />The attached resolution required that the City <br />Council review this decision after one year to allow the City Manager to have <br />budget transfer authority within limits. Staff has provided the required reports <br />related to these transfers and there have been no outstanding questions on <br />them. We believe this delegation of authority to the City Manager provides for <br />efficiency in City financial operations. Staff will continue to provide quarterly <br />copies of the approved transfers to the City Council in their agenda packet and <br />the City Council will continue to approve transfers outside the authority of this <br />resolution. <br />RECOMMENDATION: <br />The recommendation is to approve the attached <br />resolution deleting Item #6 (shaded on the attachment) regarding another review <br />of the resolution on a specific date. If Council would ever want to review this <br />issue again, they may do so at any time. <br /> <br />