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HomeMy WebLinkAboutBudget Adjustment-COVID-19 AND GPSIBUDGET ADJUSTMENT REQUEST FORM Dept:Fiscal Year Affected:2021 Expense Accounts to Receive Increased Budget: Account:0149003 Amount:177,000 Name:COVID-19 DIRECT EXPENSES Account:0131110 Amount:1,402,300 Name:PROPERTY TAX REVENUES Account:0139900 Amount:730,700 Name:FUND BALANCE CARRYOVER-GENERAL FUND TOTAL:2,310,000 Accounts Where Budget is Coming From: Account:0133200 Amount:656,900 Name:Federal Grant-Public Safety Reimbursement Account:0133200 Amount:1,402,300 Name:Federal Grant-GPSI-Property Tax Replacement Account:0133200 Amount:52,200 Name:Federal Grant-GPSI Admin Fee Account:0133200 Amount:10,000 Name:Federal Grant-Main Street Digital Screen FY21 Share Account:0133200 Amount:91,400 Name:Federal Grant- Work From Home Computers FY21 Share Account:0133200 Amount:26,700 Name:Federal Grant-Touchless Toilets/Sinks/etc Account:0133200 Amount:15,000 Name:Federal Grant-Police Eforce CAD License Account:0133200 Amount:55,500 Name:Federal Grant-Misc for General Supplies/PPE/etc Account:Amount:Name:Federal Grant TOTAL:2,310,000 Net Expense less Revenue - (This must be zero) Coming From:Contingency:put back into contingency to carryover Other Expense: New Revenue:2,310,000 TOTAL INCREASE 2,310,000 Reason for the Increase: Signed: Dept Head:Date: CFO:Date: Balance of Contigency Before Above Request: Mayor:Date: Approved by the City Council (*if necessary) on this Date: *City Council approval required if: 1)$10,000 or more is taken from Contingency 2)$50,000 or more is a change in a Capital Purchase 3)New Full-time Regular personnel positions 4)Additional Full-time Regular personnel 5)New Types of Major Programs a one time credit to property tax payers. Closed out all of the COVID-19 approved projects for calendar year 2020. Also received full amount of grant from federal government through the State for a total of $2,310,000. Was able to reduce what we will be required to General Fund dip into reserve by $730,700 in Fiscal Year 2021 because of the COVID-19 Grants. Had to show the reduction in property tax revenue that was being replaced by this grant through the Governors Public Safety Initiative that provided