TOTAL BUDGET AMENDED EXPENSE: $8,770,497

Includes:

1) Additional expense offset by new revenues: $2,124,583

2) Application of designated funds: $1,502,800

3) Application of unassigned cash: $5,143,114

This is the third and final budget amendment to the FY2019-2020 approved budget and has been scheduled for Council consideration at the June 16, 2020 meeting.  Following is a summary of the budget amendment categories:

1) Additional expenses offset by new revenues:  This category provides expenditure authority for $14,000 for drug education classes, memorial program, building plaques and animal shelter supplies funded by donations; $4,750 for Mayor's Art Council sponsorships; $620,933 from Technical and Internal Services provided for increased expenditures and the City West Remodel Phase II; $429,900 in principle revenue payments to pay down principle on the Interstate Industrial LID and $1,055,000 in insurance reimbursements from increased claim experience.

2) Application of designated funds:  This category provides expenditure authority to utilize funds that have been set aside over the years for specific purposes as designated by Council.  Included is $1,500,000 for the ECSC Expansion and $2,800 for the Mayor's Art Council expenditures.

3) City-wide application of unassigned cash:  This category provides additional funding for one carryover item of $123,750 for the contribution to the Fire Department equipment reserve account, and unbudgeted/under-budgeted expenses including: Control Room Upgrade - $27,557; City West Remodel Phase II - $300,000; Animal Shelter Building Repairs and Improvements - $430,000; ECSC Expansion - $900,000; various department requests for supplies and hardware upgrades - $79,166; unanticipated benefit plan changes and compensation payouts - $199,614; ECSC Splash and Play Park - $2,322,335; and insurance claims incurred - $760,692.

The Budget Amendment will result in the following applications of unassigned cash:

General Fund: $1,682,327

1% Fund: $2,322,335

Enterprise & Other Funds: $1,138,452

A detailed itemization of the budget amendment requests is attached.  All requests included for your consideration have been reviewed and recommended for approval by the Finance Department and Administrration, as well as reviewed by Council at the June 9, 2020 Council Work Session.