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Item Coversheet Page 1 of 2 <br /> in <br /> Financial Management <br /> DATE: 12/12/2016 <br /> MEMO: Letter to tjhe Decatur City Council Financial Management Department 2016-27 <br /> TO: Honorable Mayor Moore Wolfe and City Council Mmbers <br /> FROM: Tim Gleason,City Manager <br /> Gregg D.Zientara,City Treasurer&Director of Finance <br /> SUBJECT: Ordinance Appropriating Additional Funds for Certain Funds in Fiscal Year Ending December 31,2016 <br /> SUMMARY RECOMMENDATION: <br /> It is recommended that the City Council approve the attached Ordinance. <br /> BACKGROUND: <br /> City Council passed the Annual Appropriation Ordinance 2016-10 on March 7,2016 for the purpose of defraying the expenses of <br /> several departments and funds of the City of Decatur for the fiscal year beginning January 1,2016 and ending December 31,2016. <br /> It is now necessary to appropriate additional funds for operational expenditures necessary for the City to effect provision of <br /> services to its citizens which were not anticipated at the time the City Council adopted Ordinance 2016-10. <br /> Fund Amount Purpose <br /> Olde Towne TIF(#19) 33,000 Developer payment greater than <br /> planned <br /> Southeast Plaza TIF(#20) 60,000 Developer payment greater than <br /> planned <br /> Eastgate TIF(#23) 29,000 Developer payment greater than <br /> planned <br /> Justice Admin Grant(#39) 10,000 Prior year's expenses carried over <br /> Capital Project(#45) 21,000 Unforeseen capital expense <br /> Urban Revitalization(#84) (777,000) Fund not utilized <br /> Total (624,000) <br /> The additional appropriations requested are within the cash position balances of each fund and present no adverse impact on <br /> overall City operations and fund balance positions. <br /> POTENTIAL OBJECTIONS: There are no known objections to this ordinance request. <br /> INPUT FROM OTHER SOURCES: <br /> No input from other sources. <br /> STAFF REFERENCE: Tim Gleason,City Manager Gregg D.Zientara,City Treasurer&Director of Finance <br /> BUDGET/TIME IMPLICATIONS: <br /> https://decatur.novusagenda.com/AgendaWeb/CoverSheet.aspx?ItemID=977 12/19/2016 <br />