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<br />.' <br /> <br />June 14, 1991 <br /> <br />FROM: Willie Norfleet, Director of Finance <br /> <br />TO: Frank Ollendorff, City Manager <br /> <br />SUBJECT: Budget Transfers <br /> <br />... <br /> <br />Attached is a list of budget transfers that need to be approved by the City <br />Council in order to have a balanced budget. <br /> <br />I listed some of the line items that would be over or under spent. If any of <br />the items were adjusted previously, I noted the total transfer on the right hand <br />side column. <br /> <br />This quarter the overall expenditures were increased by $306,500. <br /> <br />I have not made adjustments to the revenue items because there are increases and <br />decreases to various accounts. <br /> <br />Currently, the City plans to use $326,278 of the Prior Year's Revenue this <br />fiscal year. Rather than make adjustments to revenues to balance the increase <br />in expenditures, I am increasing the Prior Year's Revenue by $306,500 to balance <br />the budget. <br /> <br />The City estimated it would use $298,689 of Prior Year's Revenue to balance the <br />budget. It is estimated the City will use $632,778 of its Prior Year's Revenue <br />to balance the budget. <br /> <br />If you have any questions, please feel free to contact me. <br /> <br />Thank you. <br /> <br />~d~ Ylrr <br /> <br />" <br />