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019 of 2018 - Amending the Final Budget for the Library Budget of Salt Lake City, Utah for Fiscal Year 2017-2018 0 18-1 B 18-7 SALT I AKE CITY ORDINANCE No. 19 of 2018 (Amending the Final Budget for the Library Budget of Salt Lake City,Utah for Fiscal Year 2017-18) An ordinance amending Salt Lake City Ordinance No.30 of 2017 which adopted the final budget for the Library fund of Salt Lake City,Utah,for the fiscal year beginning July 1,2017 and ending June 30,2018. PREAMBLE On June 16,2017,the Salt Lake City Council adopted the final budget for the Library fund of Salt Lake City,Utah for the fiscal year beginning July 1,2017 and ending June 30,2018, in accordance with the requirements of Section 10-6-118 of the Utah Code. The City's Budget Director,acting as the City's Budget Officer,prepared and filed with the City Recorder proposed amendments to said duly adopted budget,copies of which arc attached hereto,for consideration by the City Council and inspection by the public. All conditions precedent to amend said budget have been accomplished. Be it ordained by the City Council of Salt Lake City,Utah SECTION 1. Purpose. The purpose of this Ordinance is to amend the final budget for the Library fund of Salt Fake City as approved,ratified and finalized by Salt I ake City Ordinance No.30 of 2017. SECTION 2. Adoption of Amendments. The budget amendments,attached hereto and made a part of this Ordinance shall be,and the same hereby are adopted and incorporated into the budget for the Library fund of Salt Lake City,Utah for the fiscal year beginning July 1,2017 and ending June 30,2018,in accordance with the requirements of Section 10-6-1285,of the Utah Code. SECTION 3. Certification to Utah State Auditor. The City's Policy and Budget Director, acting as the City's Budget Officer,is authorized and directed to certify and file a copy of said budget amendments with the Utah State Auditor. SECTION 4. Filing of copies of the Budget Amendments. The said Budget Officer is authorized and directed to certify and file a copy of said budget amendments in the office of said Budget Officer and in the office of the City Recorder which amendments shall be available for public inspection. SECTION 5. Effective Date. This Ordinance shall take effect on its first publication. Passed by the City Council of Salt Lake City,Utah,this }5tfiday of May 2018. ( � L w�� CHAIRPERSON ATT CI RECORDER Transmitted to the Mayor on May t 6, 7n 1 R Mayor's Action: 94_Approved Vetoed MAYOR A _ Salt Lake City Attorney's Office ... Approved As To Form y T�... . �/ 1 Y RECORDER �vPyysclryGU,� v� /' b / ' i�, �!,s RutyV�jtter `,6 fit: .,... . * Date: 3R v/!V (SEAL) `:* lPyi fff Bill No. 19 of2018. `'w RpoaAt'E Published: May 23, 2018 HB_ATTY-#68820-v I-FY 17-I 8_Library_Budget_Amendmem.doc 2 MEMO I February 26, 2018 To: Salt Lake City Public Library Board of Directors, Salt Lake City Administration and City Council From: Peter Bromberg, Executive Director Re: Budget Amendment 1 for FY2017-18 Library Administration is proposing a$490,000 increase to the FY17-18 General Fund budget and a $540,000 increase to the FY17-18 Capital Project Fund budget. The$490,000 increase to the General Fund re-appropriates $90,000 for a strategic plan included in the FY16-17 budget. The plan is being done in FY17-18. The additional $400,000 is a transfer of funds to the Capital Projects Fund to cover costs associated with the Sprague Branch flood remediation. The $490,000 increase is to be funded out of General Fund-Fund Balance. Subsequent to this budget increase, the General Fund-Fund balance was 18.5 percent of the FY2017-18 budget. Details of this request follow: General Fund—Proposed increase of$490,000 Account Number Account Name Budget Amount Requested Amount Amended Amount Funding Sources 10-38900 Fund Balance- $1,364,500 $490,000 $1,854,500 Appro riated Total Revenues $22,413,135 $490,000 $22,903,135f Expenditures 10-42310 Prof&Tech Services $150,000 $90,000 $240,000 10-99910 Transfer to Capital Project Fund 3,270,470 400,000 3,670,470 Total _ ° Expenditures $22,413,135 $490,000 22,903,135 The$540,000 increase in the FY17-18 Capital Projects Fund is comprised of two requests. First,the transfer of$400,000 from the General Fund is duplicated in the Capital Project Fund and is a budgeting procedure to reflect the$400,000 transfer from the General Fund to the Capital Project Fund where the Sprague Branch flood remediation costs are being tracked. Second, $140,000 of unappropriated Designated-Maintenance fund money is being requested to repair the leaking roof at the Main Library. This amendment would leave an estimated $403,800 in the Designated- Maintenance fund at the end of FY17-18. Details of this request follow: Capital Project Fund—Proposed increase of$540,000 Account Number Account Name Budget Amount Requested Amount Amended Amount Funding Sources 40-38100 Transfer from General Fund $3,270,470 $400,000 $3,670,470 40-40990 Designated Maintenance Fund 140,000 140,000 Total Revenues $4,576,425 $540,000 $5,116,425 Expenditures 40-40721 Cap Outlay- $7,500 $140,000 $147,500 Building(Main) 40-40775 Cap Outlay- Sprague Flood Remediation 0 400,000 400,000 "Total Expenditures $4,576,425 $540,000 $5,116,425 / / L c