TOTAL BUDGET AMENDMENT: $12,619,253

Includes:

1. Application of Unassigned Cash for additional funds for unbudgeted projects - $5,701,080
2. Additional expenses offset by unanticipated grant/loan revenues - $5,247,762
3. Transfer of funds between divisions with no impact on city-wide cash position - $1,670,411

This is the second budget amendment to the FY2014-2015 approved budget and has been scheduled for Council consideration at the February 17, 2015 meeting.  Following is a summary of the budget amendment categories:

1. Application of Unassigned Cash for additional funds for unbudgeted projects:  The proposed budget amendment includes requests not previously budgeted in numerous funds totaling $5,701,080.  The funding for these projects would come from unassigned cash established through prior year savings realized in other projects.  The requests in this category impact the following funds:

   - General Fund, $470,000 - Update technology in Council Chambers ($230,000) and matching funds for the Country Club capital campaign ($240,000)
   - Solid Waste Fund, $21,595 - RFID pilot project ($21,595)
   - Water Fund, $85,000 - Reverse osmosis equipment at Pump Station #1 ($85,000)
   - Power Fund, $3,467,074 - CTII principle/interest payment ($1,944,485) and Southern Industrial Annexation costs not offset by grant/loan/transfer ($1,522,589)
   - Vehicle Maintenance, $1,657,411 - Transfer of excess cash to Power Fund

2. Additional expenses offset by unanticipated grant/loan revenues:  This category includes the following requests, totaling $5,247,762:
   - $942,670 for renovations for the Gillette Youth Learning Center, offset by $867,670 from the Wyoming Business Council and $75,000 from Boys & Girls Club
   - $15,000 for additional funding for the Donkey Creek Festival, offset by $15,000 from CCCPRD
   - $4,290,092 for the Southern Industrial Annexation, offset by a SLIB grant ($1,645,046), a SLIB loan ($2,645,046)

3. Transfer of funds between divisions with no impact on city-wide cash position: This category provides expenditure authority for operating transfers between divisions that are necessary to create a positive cash position in the receiving division.  The transfers included in this amendment include transfers from Human Resources ($10,000) and Administrative Services ($3,000) to the Solid Waste Fund to help offset the cost of the RFID pilot program, and a transfer of excess cash in the amount of $1,657,411 from the Vehicle Maintenance Fund to the Power Fund to help offset the cost of the Southern Industrial Annexation.

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 Administration.