From the City of Alpharetta:
The purpose of the Fiscal Year (FY) 2014 Mid-Year Budget Amendment is to amend the base budget as adopted by City Council for targeted initiatives that have already occurred (e.g. during the first seven months of the fiscal year) or are planned to occur before fiscal year-end.
Operating initiatives (e.g. General Fund) for the balance of fiscal year 2014 are estimated to total $65,200 and is funded through contingency (estimated balance of $313,961after approval of these initiatives). The annualized impact of these initiatives in future budgets is estimated to total $138,000.Capital initiatives are estimated to total $1,033,000 which is funded through a combination of ABC contributions ($975,000) and unallocated ($58,000).
Included in this total is a new project that was added since the 1st reading. Specifically, two air conditioning units (18-years old) at the Community Center are inoperable and in need of replacement ($38,000 added to the Mid-Year Budget Request). The balance in the Capital Project Fund unallocated account after approval of these capital initiatives is estimated at $481,872.
The meeting will begin at 7:30 p.m. at Alpharetta City Hall, located at 2 S. Main Street.
To watch a live video stream of tonight's meeting, visit www.alpharetta.ga.us and select “Meetings Online.” From there, visitors can choose the meeting in progress or access previously recorded meetings and minutes.
Here's the agenda for Monday night's council meeting:
I. CALL TO ORDER
II. ROLL CALL
III. PLEDGE TO THE FLAG
IV. PRESENTATION AND PROCLAMATIONS
A. Pat Selvaggi: 25 Years of Service (Communications 911)
V. CONSENT AGENDA
A. Meeting Minutes
1. Council Meeting of 01/27/2014
2. Council Meeting of 02/03/2014
B. Financial Management Report: Month Ending 01/31/2014
VI. CITY CENTER (Bob Regus / Mike Hall)
A. Workshop And Project Update
VII. NEW BUSINESS
A. Finance (Tom Harris)
1. Fiscal Year 2014 Mid-Year Budget Adjustment
An Ordinance of the Mayor and Council of the City of Alpharetta, Georgia, to Adopt the Mid-Year Fiscal 2014 Budget for Certain Funds of the City of Alpharetta, Georgia Appropriating the Amounts Shown in Each Budget as Expenditures, Adopting the Item of Revenue Anticipation, Prohibiting Expenditures to Exceed Appropriations, and Prohibiting Expenditures to Exceed Actual Funding Available
2. Supplemental Resolution: Sale And Terms Of 2014 GO Refunding Bonds
B. Administration (Amanda Day)
1. 2014 / 2015 FRESH Grant
2. 2014 Gateway Grant
VIII. PUBLIC COMMENT