Title
First Budget Amendment to the FY 2021 General Government Financial and Operating Plan Budget (B)
Resolution No. 200933
A Resolution of the City Commission of the City of Gainesville, Florida; relating to its general government budget for the fiscal year beginning October 1, 2020 and ending September 30, 2021; amending Resolution No. 200316, by making certain adjustments to the General Government Financial and Operating Plan Budget; and providing an immediate effective date.
Explanation
The General Government Financial and Operating Plan, which includes budgets for the General Fund, Special Revenue, Debt Service, Capital Projects, Proprietary, and Pension & OPEB Trust Funds for Fiscal Year 2021, was adopted by the Mayor and City Commission on September 24, 2020 via Resolution No. 200316.
As the fiscal year progresses, certain routine and periodic budget adjustments and transfers of appropriated funds continue to be appropriate and necessary to ensure prudent financial management. Additionally, certain obligations, plans and projects extend between fiscal years and require an uninterrupted and sufficient source of appropriated funds to meet obligations and complete projects in progress.
This resolution seeks authorization to recognize revenue and appropriate funding as explained in the attached memorandum and as shown in Attachment “A”.
Strategic Connection
This item is connected to Goal 5 “Best in Class” Neighbor Services.
Fiscal Note
The recommended amendments are funded either by increases in revenue appropriations or offset by decreases in expenditures.
Recommendation
The Audit and Finance Committee recommends that the City Commission adopt the proposed resolution.