CC - Budget Transfers - Internal File 022TO: HONORABLE MAYOR
AND MEMBERS
ROSEMEAD CITY COUNCIL
FROM: FRANK G. TRIPEPI, CITY MANAGE
DATE: JUNE 15, 1999
RE: 1998-99 BUDGET AUTHORIZATION TO TRANSFER $261,500 FROM
UNAPPROPRIATED RESERVE TO ORGANIZATIONS 4100, 4150, 4180,
4310, 4650 AND 4710.
A review of this year's budget indicates that some departmental accounts have
exceeded their budgeted amounts. Although total expenditures for the City are under
budget, the City auditors are requiring that the City Council take Minute action to
approve budget transfers from unappropriated reserve to each department. Listed
below are the requested transfers:
City Council (4100) - $2,500 is requested to cover the costs of travel and
meeting expenses.
City Attorney (4150) - $19,000 is requested to cover the costs for the increase in
District Attorney and City Prosecutor activities.
Buildings (4180) - $10,500 is requested to cover additional costs for building
maintenance, hazardous material disposal and record storage.
Parking Control (4310) - $15,500 is requested to cover additional costs for
parking citation processing and related expenditures. A similar increase is
reflected in revenues.
Maintenance Signs and Striping (4650) - $66,000 is requested to cover
additional costs for maintenance of street and traffic signs, street striping, and
traffic marking.
COUNCIL
JUN 2 21999
ITEM No. Ce_
1998-99 Budget Authorization
June 15, 1999
Page 2
Building Regulation (4710) - $148,000 is requested to cover the costs for the
increase in building inspections and rehabilitation inspections. A similar
increase is reflected in revenues. ,
The estimated expenditures for 1998-99 is $17,870,155. The adopted 1998-99 Annual
Budget is $18,880,728. These figures indicate that the City will again come in under
budget.
RECOMMENDATION
It is recommended that the City Council authorize a transfer of $261,500 from
unappropriated reserves to cover additional costs incurred during the current fiscal
year 1998-99 for organizaitons 4100, 4150, 4180, 4310, 4650 and 4710.
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