HomeMy WebLinkAboutA200CITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: February 15, 2011
AGENDA ITEM NO.
ITEM TITLE:
Resolution of the City Council of the City of National City Approving and Adopting the FY 2010-2011 Mid
Year Budget Changes
PREPARED BY: Jeanette Ladrido, CPA DEPARTMENT
PHONE: 336-4331 APPROVED BY:
EXPLANATION:
In June 2010, the City Council adopted the FY 2010-2011 budget. As part of the mid -year review, the finance
staff reviewed the first six months of actual revenue and expenditures and projected the last six months of the
fiscal year. The mid -year budget review was presented to the City Council and members of the community on
Saturday, February 5, 2011. Per staff review, it is estimated that the General Fund is on target with the original
budget and there is no significant changes recommended.
In addition to the mid -year budget review, staff also provided projections of the FY 11-12 General Fund structural
deficit and will begin planning the FY 11-12 budget year.
if —
FINANCIAL STATEMENT: APPROVED:
ACCOUNT NO. APPROVED:
N/A
ENVIRONMENTAL REVIEW:
N/AI
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
Finance
MIS
STAFF RECOMMENDATION:
Accept and file.
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS:
1. 'Resolution
2. Summary of FY 2011-2012 Mid -Year Budget Changes