Board Approves Supplemental Appropriations
The Board approved the 2018 Supplemental Appropriation Request for June which represents staff’s conservative and prudent estimates for providing ongoing, quality services to customers for 2018.
Revenues: Total projected revenues are being increased $1.1 million (excluding interfund transfers). Revenue increases totaling $4.2 million are reflected in the supplemental. These revenue increases were partially offset by revenue reductions of $3.1 million, primarily related to the timing of permit-related fees for two multi-family developments. Total 2018 budgeted revenues excluding interfund transfers after these changes will be $68.8 million ($71.5 million including interfund transfers).
Expenditures: Total requested expenditure changes reflect an increase of $18.3 million (excluding interfund transfers), the result of capital project rollover requests. Total 2018 budgeted expenditures excluding interfund transfers after these changes will be $72.7 million ($75.3 million including interfund transfers), of which $36.9 million are capital expenditures.
Personnel Expenditure Changes – There are two new position proposed in the supplemental appropriation – a Code Enforcement Officer in the Police Department and a Stormwater Coordinator in Planning and Development.
Operations Expenditure Changes – There are a total of $756 thousand in net operations expenditure requests (non-capital, non-debt). The bulk of this increase reflects a rollover of expenditures approved in 2017 for the I-25 study and the Erie Parkway Master Plan. In addition, water-related legal fees were increased $109 thousand, primarily related to certain capital projects.
BACKGROUND: At least twice yearly, staff reviews the adopted budget and year-to-date actual revenues and expenditures. Based on these reviews, staff requests supplemental appropriations to update the budget to reflect actual revenues and expenditures of the prior and current year, year-to-date Board of Trustee actions, and projected revenues and expenditures for the remaining fiscal year.
View the 2018 Supplemental Appropriation #1 here.