Laserfiche WebLink
. . . <br /> FINANCIAL MANAGEMENT DEPARTMENT <br /> #97 - 08 <br /> April 15, 1997 <br /> MEMO TO: The Honorable Mayor and City Council Members <br /> FROM: James L. Williams�!City Manager <br /> Beth B. Couter, Financial Management Director � <br /> SUBJECT: Supplemental Appropriation Ordinance for the Americorps Fund <br /> Attached is a Supplemental Appropriation Ordinance which increases the spending <br /> authority in the Americorps Fund to provide for the stipends of participants in the program. <br /> The additional revenue which could be needed from the carryover fund balance was not <br /> known in July 1996 when the 1996-97 Appropriation Ordinance was passed. This fund has two <br /> overlapping grant years within the City's fiscal year. Next year's grant was just recently <br /> authorized by the Federal Government and was for more than was originally budgeted for. The <br /> May 1, 1996 fund balance included some carryover funds from the previous grant year and may <br /> be used to offset the new grant's expenses. <br /> Staff will be available to answer any questions you may have regarding this matter. <br />