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HomeMy WebLinkAboutStaff Report 4.B 06/04/2018DATE: June 4, 2018 TO: Honorable Mayor and Members of the City Council through City Manager FROM: Corey Garberolio, Finance Director SUBJECT: FY 2018 Year -End Budget Adjustments - Adoption of Urgency Ordinances to Change Certain Appropriations for the Operations of the City of Petaluma from July 1, 2017 to June 30, 2018 and Declaring the Urgency Thereof, to Take Effect Immediately RECOMMENDATION It is recommended that the City Council adopt the attached urgency ordinances to amend Ordinances 2637, 2638, 2639, 2640, 2641, 2642 N.C.S. to Change Certain Appropriations for the Operations of the City of Petaluma from July 1, 2017 to June 30, 2018 and Declaring the Urgency Thereof, to Take Effect Immediately. BACKGROUND The City reviews its budget on a continual basis and recommends periodic adjustments. The proposed year-end budget adjustments are to the adopted budget for FY 2017-2018. Adjustments to the adopted budget are important because they take into account budget changes and provide a more accurate calculation of actual vs. budget comparisons. The reason for the urgency is to adjust the budget before the end of the fiscal year on June 30, 2018. First quarter budget adjustments were presented and approved by the City Council on Nov. 6, 2017. Mid -Year budget adjustments were presented and approved by the City Council on Feb. 12, 2018. DISCUSSION The proposed year-end budget adjustments are for the General Fund, Special Revenue Funds, Capital Projects Funds, Enterprise Funds, Utility Funds and the Internal Services Funds for the fiscal year ending June 30, 2018. Department Heads were directed to provide Finance with a list of critical, must -do budget adjustments. The list was then compiled, presented to the City Manager, and screened to the recommended list. The resulting adjustments are herein presented for City Council consideration and approval. Budget adjustments modify previously approved budget appropriations. As such, they must be adopted by ordinance to take effect. Urgency ordinances, which require a unanimous vote of the Council members present for passage, are recommended so that these adjustments may take effect immediately, prior to the end of the Fiscal Year. The proposed changes are categorized as follows: Adjustments — Increases or (decreases) in various funds to update the budget based on current economic conditions, changes to city projects, or changes in work activity. Transfers — Transfers from one fund to another to identify funding sources, facilitate reporting requirements, and true -up fund balances. A Transfer In from one fund is always accompanied by a Transfer Out from another; i.e.: Transfers In = Transfers Out. Provided below is a summary of the recommended year-end budget adjustments. Account details are listed in Exhibit A. • Disbursement of funds from the Tamae M. Baugh Trust fund for Fire Dept. building projects, $50,000 Trust funds. • Higher -than -anticipated litigation expenses, $100,000. Adjustment to City Attorney appropriations, $100,000. Transfers Out from Risk to the General Fund, $100,000. • The Economic Development Strategy update has been moved to FY 18/19. Adjustment to General Fund appropriations, ($75,000). Transfers Out from TOT and Transfers In to the General Fund are both reduced by $75,000.. • A project change order was necessary to add Fire Sprinklers to the Petaluma Community Sports Field restroom project in order to meet the Fire Code. The expenditure will be covered by a Housing/Park related grant. Adjustment to the Park CIP fund, $35,000. Adjustment to Special Revenue funds $35,000. Transfers out from Special Revenue funds, $35,000. • Budget and scope changes to the Recycled Water Pipeline Systems Extensions project which is nearing completion. Adjustment to Waste Water CIP appropriations, ($371,054). Transfers Out from Water and Waste Water reduced ($326,589). Transfers Out from Street Maintenance fund for repair of sidewalks and concrete pathway, $30,565. State Grant revenue adjustment, ($75,030). • PEP Housing reimbursement to developer as stipulated by the Exclusive Negotiating Agreement, $16,000. Adjustment to Special Revenue appropriations, $16,000. • Arbitration expenses for Little Woods Mobile Home Park, $5,280. Adjustment to Mobile Home Rent Program appropriations, $5,280. • Conversion of several commercial PUCs to IZO zoning, $12,500. This will make the zoning code more consistent and streamline development review. Adjustment to Planning appropriations, $12,500. • Adjustment of $165,000 from Various Assigned Fund Reserves for Legal Settlements. OA FINANCIAL IMPACT General Fund budgeted revenues will increase by $25,000 due to transfer changes; Risk, $100,000, offset by moving the transfer for the Economic Development Strategy to FY 18/19, ($75,000). Adjustment to appropriations will increase by $37,500 for greater -than -anticipated legal expenses, $100,000, changes to the zoning code, $12,500, partially off -set by the Economic Development Strategy move to FY 18/19, ($75,000). The net financial impact to the General Fund is a decrease in fund balance of $12,500. Special Revenue Funds budgeted revenue to increase by $35,000 due to an adjustment to Parks Related Housing Grant. Adjustments to appropriations, $71,280, resulting from the PEP Housing reimbursement agreement, arbitration expenses for Little Woods Mobile Home Park and Fire Dept. building projects. Transfers out primarily for capital projects and movement of Economic Development Strategy payments to FY19, ($9,435). The net change to the fund balance is a decrease of $26,845. Budgeted revenue for Capital Project Funds will drop by $75,030; the State grant reimbursement for the Recycled Water Pipeline Extensions project, c66401415, was less -than -anticipated. Changes to the Petaluma Sports Field Restroom and the Recycled Water Pipeline Extensions projects will reduce transfers in by $261,024 and corresponding appropriations by $336,054. The net financial impact to the Capital Project Funds balance is zero. No budget adjustments are proposed for the Enterprise funds. Utility Funds budgeted revenue, transfers in and appropriations remain unchanged. Transfers out will decline by $326,589 due to savings from the soon -to -be -completed Recycled Water Pipeline Extensions project. As a result, fund balance will increase by $326,589. Internal Service Funds budgeted revenue, transfers in and appropriations will remain unchanged. Transfers out from Risk to the General Fund, $100,000, will cover greater -than -anticipated litigation expenses. The net financial impact associated with these recommended budget adjustments to the Internal Service Funds is a decrease of $100,000. Assigned Reserves will cover $165,000 in Legal Settlements. ATTACHMENTS 1. Appropriations Ordinance Amendment, General Fund 2. Appropriations Ordinance Amendment, Enterprise Funds 3. Appropriations Ordinance Amendment, Special Revenue and Trust Funds 4. Appropriations Ordinance Amendment, Capital Projects Funds 5. Appropriations Ordinance Amendment, Utilities Funds 6. Appropriations Ordinance Amendment, Internal Services Funds 7. FY 2017-18 Year -End Budget Adjustment Summary 8. Exhibit A — Detailed FY 17-18 Year -End Budget Adjustments 3 ATTACHMENT 1 AN URGENCY ORDINANCE AMENDING ORDINANCE NO. 2637 N.C.S. TO CHANGE GENERAL FUND APPROPRIATIONS FOR THE OPERATION OF THE CITY OF PETALUMA FROM JULY 1, 2017 TO JUNE 30, 2018 AND DECLARING THE URGENCY THEREOF, TO TAKE EFFECT IMMEDIATELY: Section 1. Ordinance No. 2637 N.C.S. is hereby amended for the fiscal year beginning on July 1, 2017 and ending on June 30, 2018 in the amounts as set forth in the attached Exhibit A, incorporated herein by reference, and distributed to the various funds as set out in said exhibit and shall be expended and used in accordance therewith. Section 2. The City Council hereby finds and determines that the amount of appropriations provided hereby does not exceed the estimated revenue, other sources and available fund balances for the fiscal year ending June 30, 2018. Section 3. All ordinance or parts of ordinances in conflict herewith are hereby repealed. Section 4. This ordinance is hereby declared to be necessary for the immediate preservation of the public peace, health and safety of the City of Petaluma and its citizens, and shall take effect and be in force from and after its final passage by unanimous vote of the members of the City council present at the time of its adoption. The reason for the urgency is to reflect up-to-date appropriations and true -up fund balances. Section 5. Severability. If any section, subsection, sentence, clause, phrase or word of this ordinance is for any reason held to be unconstitutional, unlawful or otherwise invalid by a court of competent jurisdiction or preempted by state legislation, such decision or legislation shall not affect the validity of the remaining portions of this ordinance. The City Council of the City of Petaluma hereby declares that it would have passed and adopted this ordinance and each and all provisions thereof irrespective of the fact that any one or more of said provisions be declared unconstitutional, unlawful or otherwise invalid. Section 6. The City Clerk is hereby directed to post/publish this ordinance or a synopsis of this ordinance for the period and in the manner required by the City Charter. INTRODUCED and ordered posted/published this day of , 2018, by the following vote: 4 ATTACHMENT 2 AN URGENCY ORDINANCE AMENDING ORDINANCE NO. 2638 N.C.S. TO CHANGE ENTERPRISE FUNDS APPROPRIATIONS FOR THE OPERATION OF THE CITY OF PETALUMA FROM JULY 1, 2017 TO JUNE 30, 2018 AND DECLARING THE URGENCY THEREOF, TO TAKE EFFECT IMMEDIATELY: Section 1. Ordinance No. 2638 N.C.S. is hereby amended for the fiscal year beginning on July 1, 2017 and ending on June 30, 2018 in the amounts as set forth in the attached Exhibit A, incorporated herein by reference, and distributed to the various funds as set out in said exhibit . and shall be expended and used in accordance therewith. Section 2. The City Council hereby finds and determines that the amount of appropriations provided hereby does not exceed the estimated revenue, other sources and available fund balances for the fiscal year ending June 30, 2018. Section 3. All ordinance or parts of ordinances in conflict herewith are hereby repealed. Section 4. This ordinance is hereby declared to be necessary for the immediate preservation of the public peace, health and safety of the City of Petaluma and its citizens, and shall take effect and be in force from and after its final passage by unanimous vote of the members of the City council present at the time of its adoption. The reason for the urgency is to reflect up-to-date appropriations and true -up fund balances. Section 5. Severability. If any section, subsection, sentence, clause, phrase or word of this ordinance is for any reason held to be unconstitutional, unlawful or otherwise invalid by a court of competent jurisdiction or preempted by state legislation, such decision or legislation shall not affect the validity of the remaining portions of this ordinance. The City Council of the City of Petaluma hereby declares that it would have passed and adopted this ordinance and each and all provisions thereof irrespective of the fact that any one or more of said provisions be declared unconstitutional, unlawful or otherwise invalid. Section 6. The City Clerk is hereby directed to post/publish this ordinance or a synopsis of this ordinance for the period and in the manner required by the City Charter. INTRODUCED and ordered posted/published this day of , 2018, by the following vote: ATTACHMENT 3 AN URGENCY ORDINANCE AMENDING ORDINANCE NO. 2639 N.C.S. TO CHANGE SPECIAL REVENUE AND TRUST FUNDS APPROPRIATIONS FOR THE OPERATION OF THE CITY OF PETALUMA FROM JULY 1, 2017 TO JUNE 30, 2018 AND DECLARING THE URGENCY THEREOF, TO TAKE EFFECT IMMEDIATELY: Section 1. Ordinance No. 2639 N.C.S. is hereby amended for the fiscal year beginning on July 1, 2017 and ending on June 30, 2018 in the amounts as set forth in the attached Exhibit A, incorporated herein by reference, and distributed to the various funds as set out in said exhibit and shall be expended and used in accordance therewith. Section 2. The City Council hereby finds and determines that the amount of appropriations provided hereby does not exceed the estimated revenue, other sources and available fund balances for the fiscal year ending June 30, 2018. Section 3. All ordinance or parts of ordinances in conflict herewith are hereby repealed. Section 4. This ordinance is hereby declared to be necessary for the immediate preservation of the public peace, health and safety of the City of Petaluma and its citizens, and shall take effect and be in force from and after its final passage by unanimous vote of the members of the City council present at the time of its adoption. The reason for the urgency is to reflect up-to-date appropriations and true -up fund balances. Section 5. Severability. If any section, subsection, sentence, clause, phrase or word of this ordinance is for any reason held to be unconstitutional, unlawful or otherwise invalid by a court of competent jurisdiction or preempted by state legislation, such decision or legislation shall not affect the validity of the remaining portions of this ordinance. The City Council of the City of Petaluma hereby declares that it would have passed and adopted this ordinance and each and all provisions thereof irrespective of the fact that any one or more of said provisions be declared unconstitutional, unlawful or otherwise invalid. Section 6. The City Clerk is hereby directed to post/publish this ordinance or a synopsis of this ordinance for the period and in the manner required by the City Charter. INTRODUCED and ordered posted/published this day of , 2018, by the following vote: n ATTACHMENT 4 AN URGENCY ORDINANCE AMENDING ORDINANCE NO. 2640 N.C.S. TO CHANGE CAPITAL PROJECTS FUNDS APPROPRIATIONS FOR THE OPERATION OF THE CITY OF PETALUMA FROM JULY 1, 2017 TO JUNE 30, 2018 AND DECLARING THE URGENCY THEREOF, TO TAKE EFFECT IMMEDIATELY: Section 1. Ordinance No. 2640 N.C.S. is hereby amended for the fiscal year beginning on July 1, 2017 and ending on June 30, 2018 in the amounts as set forth in the attached Exhibit A, incorporated herein by reference, and distributed to the various funds as set out in said exhibit and shall be expended and used in accordance therewith. Section 2. The City Council hereby finds and determines that the amount of appropriations provided hereby does not exceed the estimated revenue, other sources and available fund balances for the fiscal year ending June 30, 2018. Section 3. All ordinance or parts of ordinances in conflict herewith are hereby repealed. Section 4. This ordinance is hereby declared to be necessary for the immediate preservation of the public peace, health and safety of the City of Petaluma and its citizens, and shall take effect and be in force from and after its final passage by unanimous vote of the members of the City council present at the time of its adoption. The reason for the urgency is to reflect up-to-date appropriations and true -up fund balances. Section 5. Severability. If any section, subsection, sentence, clause, phrase or word of this ordinance is for any reason held to be unconstitutional, unlawful or otherwise invalid by a court of competent jurisdiction or preempted by state legislation, such decision or legislation shall not affect the validity of the remaining portions of this ordinance. The City Council of the City of Petaluma hereby declares that it would have passed and adopted this ordinance and each and all provisions thereof irrespective of the fact that any one or more of said provisions be declared unconstitutional, unlawful or otherwise invalid. Section 6. The City Clerk is hereby directed to post/publish this ordinance or a synopsis of this ordinance for the period and in the manner required by the City Charter. INTRODUCED and ordered posted/published this day of , 2018, by the following vote: 7 ATTACHMENT 5 AN URGENCY ORDINANCE AMENDING ORDINANCE NO. 2641 N.C.S. TO CHANGE UTILITIES FUNDS APPROPRIATIONS FOR THE OPERATION OF THE CITY OF PETALUMA FROM JULY 1, 2017 TO JUNE 30, 2018 AND DECLARING THE URGENCY THEREOF, TO TAKE EFFECT IMMEDIATELY: Section 1. Ordinance No. 2641 N.C.S. is hereby amended for the fiscal year beginning on July 1, 2017 and ending on June 30, 2018 in the amounts as set forth in the attached Exhibit A, incorporated herein by reference, and distributed to the various funds as set out in said exhibit and shall be expended and used in accordance therewith. Section 2. The City Council hereby finds and determines that the amount of appropriations provided hereby does not exceed the estimated revenue, other sources and available fund balances for the fiscal year ending June 30, 2018. Section 3. All ordinance or parts of ordinances in conflict herewith are hereby repealed. Section 4. This ordinance is hereby declared to be necessary for the immediate preservation of the public peace, health and safety of the City of Petaluma and its citizens, and shall take effect and be in force from and after its final passage by unanimous vote of the members of the City council present at the time of its adoption. The reason for the urgency is to reflect up-to-date appropriations and true -up fund balances. Section 5. Severability. If any section, subsection, sentence, clause, phrase or word of this ordinance is for any reason held to be unconstitutional, unlawful or otherwise invalid by a court of competent jurisdiction or preempted by state legislation, such decision or legislation shall not affect the validity of the remaining portions of this ordinance. The City Council of the City of Petaluma hereby declares that it would have passed and adopted this ordinance and each and all provisions thereof irrespective of the fact that any one or more of said provisions be declared unconstitutional, unlawful or otherwise invalid. Section 6. The City Clerk is hereby directed to post/publish this ordinance or a synopsis of this ordinance for the period and in the manner required by the City Charter. INTRODUCED and ordered posted/published this day of , 2018, by the following vote: ATTACHMENT 6 AN URGENCY ORDINANCE AMENDING ORDINANCE NO. 2642 N.C.S. TO CHANGE INTERNAL SERVICES FUNDS APPROPRIATIONS FOR THE OPERATION OF THE CITY OF PETALUMA FROM JULY 1, 2017 TO JUNE 30, 2018 AND DECLARING THE URGENCY THEREOF, TO TAKE EFFECT IMMEDIATELY: Section 1. Ordinance No. 2642 N.C.S. is hereby amended for the fiscal year beginning on July 1, 2017 and ending on June 30, 2018 in the amounts as set forth in the attached Exhibit A, incorporated herein by reference, and distributed to the various funds as set out in said exhibit and shall be expended and used in accordance therewith. Section 2. The City Council hereby finds and determines that the amount of appropriations provided hereby does not exceed the estimated revenue, other sources and available fund balances for the fiscal year ending June 30, 2018. Section 3. All ordinance or parts of ordinances in conflict herewith are hereby repealed. Section 4. This ordinance is hereby declared to be necessary for the immediate preservation of the public peace, health and safety of the City of Petaluma and its citizens, and shall take effect and be in force from and after its final passage by unanimous vote of the members of the City council present at the time of its adoption. The reason for the urgency is to reflect up-to-date appropriations and true -up fund balances. Section 5. Severability. If any section, subsection, sentence, clause, phrase or word of this ordinance is for any reason held to be unconstitutional, unlawful or otherwise invalid by a court of competent jurisdiction or preempted by state legislation, such decision or legislation shall not affect the validity of the remaining portions of this ordinance. The City Council of the City of Petaluma hereby declares that it would have passed and adopted this ordinance and each and all provisions thereof irrespective of the fact that any one or more of said provisions be declared unconstitutional, unlawful or otherwise invalid. Section 6. The City Clerk is hereby directed to post/publish this ordinance or a synopsis of this ordinance for the period and in the manner required by the City Charter. INTRODUCED and ordered posted/published this day of , 2018, by the following vote: 6 City of Petaluma FY2017-18 Year-End Budget Adjustment Summary amm REVENUE Adiustments Housing Grant for Petaluma Sports Field Restroom fire sprinklers State grant reduced for Recycled Water Pipeline Extensions project, c66401415 Total Revenue Adjustments - Transfers In Risk transfer to GF for higher than anticipated litigation expenses 100,000 TOT transfer to GF for Economic Dev Strategy moved to FY 18/19 (75,000 Housing Grant transfer for Petaluma Sports Field Restroom fire sprinklers WW CIP transfer in from Street Maint for sidewalks and concrete repairs, project 066401415 Water Capital transfer for Recycled Water Pipeline Extension project reduced Waste Water Capital transfer for Recycled Water Pipeline Extension project reduced Total Transfers In 25,000 TOTAL REVENUES 25,000 EXPENSES Adiustments Disbursement of trust funds to be used for Fire Dept building projects - Higher than anticipated litigation expenses 100,000 Economic Development Strategy moved to FY 18/19 (75,000 The Petaluma Sports Field Restroom requires fire sprinklers Budget and scope changes to the Recycled Water Pipeline Extensions project, c66401415 PEP Housing reimbursment per Exclusive Negotiating Agreement Arbitration expenses for Little Woods Mobile Home Park Rezoning PCD/PUD to Business Park designation to streamline development review 12,500 Total Expense Adjustments 37,500 Transfers Out Transfer from Risk to GF for higher than anticipated litigation expenses Transfer from TOT for Economic Dev Strategy moved to FY 18/19 Transfer from Housing Grant for Petaluma Sports Field Restroom fire sprinklers Street Maintenance transfer for sidewalks and concrete repairs, project c66401415 Water Capital transfer for Recycled Water Pipeline Extension project reduced Waste Water Capital transfer for Recycled Water Pipeline Extension project reduced 35,000 (75,030) 35,000 (75,030) 35,000 30,565 (283,589) (43,000) - (261,024) 35,000 (336,054) 50,000 35,000 (371,054) 16,000 5,280 71,280 (336,054) (75,000) 35,000 30,565 Total Transfers Out - (9,435) TOTAL EXPENSES 37,500 61,845 (336,054) NETCHANGE TO FUND BALANCES (12,500) (26,845) - Reserves Assigned Reserves for Legal Settlement (120,450) Total Reserves (120,450) - - IR Attachment 7 (40,030) (236,024) (276,054) - - - (227,274) 100,000 (283,589) (43,000) - (326,589) 100,000 (236,024) (326,589) 100,000 (463,298) W 326,589 (100,000) 187,244: (39,600) (4,950) (39,600) (4,950) (165,000) Waste Water CIP (371,054)1 371,054 icip 6690 66999; 54151E X66401415-30600 - -------- Exhibit A Detailed FY 17/18 Year -End Budget Adjustments ....... . .. - Street Maintenance 5115: 51150 54130 PEP Housing reimbursement for developer's cost per Exclusive Negotiating Agreement fa -I Re Spec Revenue 2411 4 - - 69910 1 account string I j project string 30,565 fund name Revenue Expenditures amount Fundgroup fund cost ctr object Type (if applicable) revision purpose ti B`au*gh Trust - --- - ------------- ) ..........-j...__.... 50,0001 . (50,000) Special Revenue 261 - 5 - ---- 26150 ...... . ......... .... . ......... 54210 1 ---------- Disbursement of trust funds to be used for Fire Dept. building projects _- Waste Water CA (2K,689) 50,000 (50,000), 9666999i Various 49916 F c66401415-671 00 ........ ... City ttomey Waste Water Capital 100,0001 (100,000) General Fund 1100 11310 54120. - ------ Transfer from Risk for higher than anticipated litigation expenses General Fund 100,000 Waste Water CIP 100,000 'General Fund 11 o(Y, loo -- ---- - --- 401b ----- ------ Risk fc66401416-36699 100,000 1 (100,000yintemal Services 7400 74100 69910: (75,030)!CIP 66904- 100,000 200,000 (100,000): -- . .... . . ..... Economic Development (75, 000) 75,000 General Fund 1100 113405 541101 :Economic Development Strategy m d Cc FY W19 'General Fund (75,000)7 (76,000)� General Fund 1100 11100i 499-10-f-' Transient Occupancy Tax (76,666)�' 75,000 Special Re_�inu e 520 0 2M: : l- 69910 --- --- -- --- (76,000): (160,000); . 76,000 - - - -- ---- ----------- --------- - ---------- 35,000 (35,000);: Capital Projects3.1-4-0---31-4-00.----5-41--5-1-:-E-- _�c­145_0*_1_604_-30_6_0_0_ :The Petaluma Community Sports Field Restroom/Concession project requires- _fi__ re sprinklers. 3 Parks C11 35,000 - ------ 35,000 ,Capital P Projects 3140 31 406 49910iF Jc14501604-02240 Funds to be provided by a Housing grant :Parks Grants 35,0001 (35,000) Special Revenue 2240 22400 69910f :Parks Grants 35,000 35,000 ';Special Revenue 22400! 44210: 70,000 :z 70,000 Waste Water CIP (371,054)1 371,054 icip 6690 66999; 54151E X66401415-30600 - -------- 296,024 - Street Maintenance 5115: 51150 54130 PEP Housing reimbursement for developer's cost per Exclusive Negotiating Agreement fa -I Re Spec Revenue 2411 4 - - 69910 1 'Budget and scope changes to the Recycled Water Pipeline Systems Extensions project. Waste Water Cl P 30,565 _5' 1-16': 5_1160 541301 Arbitration expenses for Little Woods Mobile Home Park 30,565 CIP 6690 66999� 49910F c6_6_401415-0241_1 Repair of sidewalks and a concretepathwayadded; costs to be covered dded; ­bySteet :Water Capital 1100:: 54110� _kEko-n-i ng­from­P_CD­vr_PUD_to­Bu�i Business -Park (BP) designation to streamline -development -- ) 283,589 Utilites 6700 00: 69910: (276,054):: (463,298)li ---n-a(283,589- - ----- Maintenancefunds. Total State Grantfudsless than anticipated. _- Waste Water CA (2K,689) (283,589);CIP 9666999i Various 49916 F c66401415-671 00 :Assigned Reserves for Legal Settlement Waste Water Capital 165,000 (43,000)li 43,000 6600!1 66100 69910: (165,000)i Waste Water CIP (43,000) (43,000)CIP 6690: 66999 49910`F fc66401416-36699 State Grants 030) (75,030)!CIP 66904- -44210!F P 1 -c -66 -4 -014 -15 -442 -10 -- Waste Water CIP (371,054)1 371,054 icip 6690 66999; 54151E X66401415-30600 (371,054)1 (667,078)1 296,024 Housing 16,0001 5115: 51150 54130 PEP Housing reimbursement for developer's cost per Exclusive Negotiating Agreement (16,000) i Special Revenue 16,0001 (16,000)1 Mobile Home -Program - - ----- 5,280 Special ReNenue _5' 1-16': 5_1160 541301 Arbitration expenses for Little Woods Mobile Home Park 6,280 (5,280) ------ - ------ - Planning 12,500 (12,500)'General Fund 1100:: 54110� _kEko-n-i ng­from­P_CD­vr_PUD_to­Bu�i Business -Park (BP) designation to streamline -development -- (12,500) 12,500 - - ------ ----- re\Aew :NET CHANGE TO FUND BALANCES (276,054):: (463,298)li 187,244, eserves .... . ............ -- ------- - - Various 165,000 j (165,000)Various . :Assigned Reserves for Legal Settlement 165,000 (165,000)i RESERVES 165,0001 (165,000)i