Discussion and possible action to approve, by Order, the following budget amendment (line item transfers) within the General fund:
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
1001-3050-001-414060
Sick Leave Buy Back
$3,920
$3,920
$3,920
$ -0-
1001-3070-001-414060
Sick Leave Buy Back
$6,882
$6,882
$6,882
$ -0-
1001-3190-001-414060
Sick Leave Buy Back
$10,000
$10,000
$10,000
$ -0-
1001-1130-001-431007
Payroll Reserve Account
$46,010
$66,812
To:
1001-3010-001-413000
Overtime
$ -0-
$88.00
$ -88.00
$ -0-
1001-3010-001-414060
Sick Leave Buy Back
$101,795
$26,829
$ -26,829
$ -0-
1001-3010-001-414070
Retirement Buy Back
$ -0-
$15,882
$ -15882
$ -0-
1001-3030-001-414060
Sick Leave Buy Back
$8,493
$958
$ -958
$ -0-
1001-3050-001-414000
Longevity
$750
$904
$ -102
$ -0-
1001-3050-001-414030
Educational Incentive
$1,200
$1,685
$ -288.40
$1,396.60
1001-3190-001-413000
Overtime
$ -0-
$4.00
$ -4.00
$ -0-
1001-3190-001-413000-010
Overtime CBA
$ -0-
$149
$ -149
$ -0-
1001-3190-001-414040
Uniform Allowance
$2,000
$2,000
$ -0-
$2,000
1001-3010-001-414030
Educational Incentive
$24,600
$1,718
$10,211.88
$11,929.88
1001-3050-001-410030
Incentives
$3,000
$2,286
$113.11
$2,399.11
101-3070-001-410030
Incentives
$3,900
$3,173
$-109.59
$3,063.41
1001-3070-001-410030-010
Incentives CPO
$1,200
$600
$237.56
$837.56
1001-3190-001-414000
Longevity
$7,300
$1,731
$2,091.82
$3,822.82
1001-3190-001-414030
Educational Incentive
$3,000
$448
$1,075.55
$1,523.55
1001-4070-001-414030
Educational Incentive
$40,200
$8,357
$13,726.98
$22,083.98
$66,812
Issue: Several payroll line items are in deficit which need to get cleared and additional funds are needed in the incentive accounts to avoid a deficit balance.
Solution: Transfer is required from various budget catigories with in general fund
Result: Sufficient funds will be available
Fiscal Impact
Budget Account Number:
General Fund
Funding Source:
Various
Balance:
Various
Financial Impact:
$219,812 is being requested from Operational Reserve Accout to cover deficits and future expenses