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HomeMy WebLinkAbout11-Finance CITY OF SAN BERNAG:>>INO - REQUEST FcQ COUNCIL ACTION From: ANDREW GREEN, DIRECTOR OF FI~.. t,[ ~(:$ulijiicit, 1989/90 CONTINUING APPROPRIATION '.., '). ,,: AND ENCUMBRANCE CARRY-OVERS Dept: FINANCE tS9D i\.U~~ ~ 1 -; ~- ~. Date: AUGUST 20, 1990 Synopsis of Previous Council action: Annual approval of carry-overs from prior year's budget to current operating budget. Recommended motion: That the listing of proposed 1989/90 Continuing Appropriation and Encumbrance Carryovers as submitted by the Director of Finance be approved. r~ ,Q,. Signature Contlet pInon: Supporting dltlattlChad: Phona: Ward: FUNDING REOUIREMENTS: Amount: Source: (ACCT. NO.) See attached (ACCT. DESCRIPTION) See ~rr8~h~n Finance: Council Notel: n.OIIl Agenda Item No. 1/ C....v OF SAN BERNAi>>INO - REQUEST FO~ COUNCIL ACTION STAFF REPORT Attached are the recommended lists of 1989/90 continuing appropriations and encumbrances for the 1990/91 budget. These items represent 1989/90 unexpended budget dollars and open purchase orders. Traditionally these carry-overs consist of equipment items, capital items or items for which the City is obligated. These are also items which are not budgeted in 1990/91. (The carry-over lists were not prepared concurrent with the 1990/91 budget adoption due to the additional time needed for receipt and processing of 1989/90 vendor invoices. Vendor invoices for June are usually received throughout the month of July. Therefore, the amount of carry-over isn't available until late July. Other year end close procedures, such as accurals and error correction must also be performed to produce more accurate potential carry-overs. This annual process usually takes until mid August to complete. The continuing appropriation projects in the Street Construction and the Park Construction Funds are contingent upon FAU required matching City funds. This match is typically 14% of cost. 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