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DATE SUBMITTED: April 10, 200~
BILL # 0 f3 - II ;l.-.-
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
........................................................................................
SUBJECT: 2008 Budget Amendment for
2007 Project Carry Forward Items
Committee Meeting Date: April 23, 2008
COUNCIL MEETING Date: May 7, 2008
Department: Financial Services
Presenter: Caroline Tompson
Phone: 473-5209
SUMMARY: Several projects that were underway at the end of2007 and/or expected to be
completed prior to the end of 2007 - were not completed by year end as anticipated. The attached
schedule to this agenda bill includes a listing (by fund) of the previously approved expenditures and
related revenue items that were not concluded. These expenditures now require a budget adjustment
to authorize these expenditures to occur in 2008. Funds for these expenditures are provided by the
carry forward of greater fund balances from 2007 (resulting from these expenditures not occurring as
originally planned) and/or from delayed receipt of identified revenue sources that also carry forward
into 2008.
ATTACHMENTS: Discussion memorandum and schedule of expenditures & related revenue items
to be carried forward to 2008
FISCAL IMPACTS (Include Budgeted Amount): These project expenditures were previously
approved and budgeted for. The effect of not completing these expenditures in 2007 is that the ending
fund balances of the affected funds are greater than the 2008 budget anticipated beginning fund
balances to be. The 2008 budget amendment for these expenditures will be provided for from the
carry forward of these greater fund balances and/or from delayed receipt of identified revenue sources
that also carry forward into 2008.
APPROVALS:
DEPARTMENT DIRECTOR:
CITY ATTORNEY:
FINANCE DIRECTOR:
MAYOR:
CONSENT AGENDA ~
GENERAL BUSINESS D
PUBLIC HEARING D
COMMITTEE CHAIR
COUNCIL PRESIDENT:
RECOMMENDED MOTION: Move to amend the 2008 budget to include expenditures, and any
related transfers of funds and revenue sources, as identified, for previously approved projects that
were not completed by the end of 2007.
COUNCIL ACTION: ~pprove D Deny D Table
D Continue D No Action