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HomeMy WebLinkAbout35-Finance - CITYQF SAN BERNARDINd:l REQ,EST FOR COUNCIL ~TION ~m: ANDREW GREEN, ~t: FINANCE DIRECTOR OF FI~.. AD l-\llSuiijliti't~ 1989/90 CONTINUING APPROPRIATION ,_<; '). ',: AND ENCUMBRANCE CARRY-OVERS \ssa .\UG 2 1 '-"; w""';' Date: AUGUST 20, 1990 Synopsis of Previous Council action: Annual approval of carry-overs from prior year's budget to current operating budget. Recommanded motion: o That the listing of proposed 1989/90 Continuing Appropriation and Encumbrance Carryovers as submitted by the Director of Finance be approved. r~ KJJQ Signature Contle' penon: Supporting deb aUlChad: Phone: Ward: FUNDING REQUIREMENTS: Amount: Sourca: (ACCT. NO.) See attached (ACCT. DESCRIPTION) See ~rrA~hpd Flnanca: trn Nota.: n.OIlI Agenda Item No ~5 - - - ~ ~ J., CIT~F SAN BERNARDINeR. REcQEST FOR COUNCIL aTION o 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 ~ typically 14% of cost. 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