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CC - Item 4A - Staff Report 1998-99 Budget Transfer Authorization Or stat eport TO: HONORABLE MAYOR AND MEMBERS ROSEMEAD CITY COUNCIL FROM: FRANK G. TRIPEPI, CITY MANAGER . V% 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 AGENDA JUN 221999 ITEM No.T C.e-7t I J 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. Ido'wp61 NudgeUUexpovbud doc