HomeMy WebLinkAboutCC 4 CARRY OVER FUNDS 9-20-82DATE:
FROH:
S UBJ ECT:
September 15, 1982
CONSENT CALENDAR
No. 4
9-20-82
InteF-Com
Bill Huston, City Manager_
Ron Nault, Finance Dl~o~k
~----
Reappropriation of Carry-over Fiscal Year 1981-82 Appropriations -
General Funds
RECOMMENDATION
The City Council reappropriate the following un-expended appropriations from
fiscal year 1981-82 into the current fiscal 1982-83 adopted appropriations:
GENERAL FUND
Operations $ 11,600
Capital Improvements 3,150
$ 14,750
PARK DEVELOPMENT FUND
Capital Improvements $134,618
WATER FUND
Capital Improvements
$130,400
TOTAL REAPPROPRIATION OF GOVERNMENTAL FUNDS
$279,768
BACKGROUND
In 1979 the National Council on Governmental Accounting restricted the principals
of Governmental Accounting and Financial Reporting under the title of Statement
1. One of the more significant pronouncements within this statement deals with
the reporting of encumbrances as carry-over appropriations. In the past the
annual financial report carried an item called reserve for encumbrances which in
effect recognized the expenditure during the period that a purchase order was
issued and not within the period that we had constructive receipt.
As a result of Statement 1 encumbrances are no longer recorded at year end and
expenditures are recognized in the year that they occur. The change established
the need to reappopriate from one fiscal year to the next outstanding purchase
orders and construction contracts at year end. In the majority of cases capital
improvement projects will have the major impact from this change, but there will
be those occasions that an operating expense will be carried over into the
following year.
Bill Huston, City Manager
September 15, 1982
page 2.
DISCUSSION
The attached list identifies those items that require reappropriation. All items
listed were projected as expended during fiscal year 1981-82. The 6-30-82 pro-
jected fund balances shown in the adopted budget reflect these expenses. Actual
fund balances will be larger by an amount equal to our stated reappropriation
needs. By appropriating these items for fiscal year 1982-83 we will bring the ex-
isting fund balance back down to our original projection and will recognize the
budget authorization during the same period that we will book the expense.
RAN:mm
attachment
Attachment to memo
Bill Huston
9-15-82
REAPPROPRIATIONS FOR FISCAL YEAR 1982-83
GENERAL FUND
Completion of Police computerized systems
Tustin Tiller Days electrical
Miscellaneous building modifications
TOTAL
PARK DEVELOPMENT FUND
Master plan of parks and recreation facilities
Columbus Tustin Park improvements
Pepper Tree Park improvements
Centennial Park improvements
Frontier Park improvements
Magnolia Tree Park improvements
Pine Tree Park improvements
TOTAL
WATER FUND
Fairhaven Ave. water main replacement
Mitchell Ave. water main connections
Red Hill Ave./Walnut Ave. well site
TOTAL
$ 11,000
600
3,150
$ 14,750
$ 41,718
32,000
12,900
19,000
11,500
12,500
5,000
$134,618
$115,100
2,500
12,800
$130,400