Staff recommends the following budget transfers to amend the 2018 Budget to true up funds:
1. Increase expenditures due to additional revenue within the same fund and/or interfund transfer:
a. Authorize $25,000 in Cemetery Fund (141) due to increased revenues in Cemetery Fund
b. Authorize $5,000 in Capitol Theatre (171) expenditures due to Additional PFD revenue in Capitol Theatre
c. Authorize $40,000 additional expenditures in Water Fund (474) revenue due to increased revenues in Water Fund
d. Authorize $326,000 additional expenditures in Stormwater Fund (442) due to increased revenue and transfer to Streets (141)
e. Authorize $89,000 additional expenditures in Airport fund (421) from $61,000 due to increased revenues in Airport and $28,000 drawn from Airport fund balance
f. Authorize $74,000 additional expenditures in Capital Improvement Reserve (392) due to $31,000 in additional GIS revenue and $43,000 transfer in from General Fund
2. Transfers from General Fund to replenish Fund Balances (0.4% of total general fund)
a. $110,000 to Law & Justice (333)
b. $144,000 to Streets (141)
3. Transfers between Funds to record project costs into the correct funds, a technical accounting correction
a. $38,000 from Streets (141) to Airport (421)
b. $850,000 from Wastewater (476) to Yakima RDA (323) |