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<br />October 9, 1991 <br /> <br />FROM: willie ~orfleet, Director of Finance <br /> <br />TO: Frank Ollendorff, City Manager <br /> <br />SUBJECT: First Quarter Budget Transfers <br /> <br />The attached list represents the first quarter transfers that need to be approved <br />by the City Council in order to maintain a balanced budget. <br /> <br />This year, it does not appear that we are going to have major budgetary problems. <br />Most of the revenue appears to be coming in as budgeted. <br /> <br />There are a few expenditure areas that should be monitored. The rate of overtime <br />usage for certain departments and outside miscellaneous personal services appears <br />to be going to go over the budget allocation and will need major transfers in <br />those areas if the current rate of spending continues. <br /> <br />The first quarter transfers increased the General Fund revenue and expenditures <br />by $58,958. <br /> <br />The attached list includes nearly every line item that will be overspent, which <br />represents $114,596. <br /> <br />There was a reduction of expenditure accounts to total $55,638. <br /> <br />Miscellaneous Operating Revenues was increased by $58,598 to balance the budget. <br /> <br />If you have any questions, please feel free to contact me. Thank you. <br /> <br />A"J;ft- <br /> <br />~ <br />