ANKENY CITY COUNCIL

Regular Agenda

May 4, 2020
5 : 30 PM
Gary Lorenz, Mayor
Mark Holm, Mayor Pro tem
Council Members: Bobbi Bentz, Jeff Perry, Kelly Whiting, Kerry Walter-Ashby
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ORIGINATING DEPARTMENT: COUNCIL GOAL:
City Manager High Performing City Organization: Financially Sound, Providing Service Value
ACTION REQUESTED:
Motion
LEGAL:
No Review Required
SUBJECT:
Proposed Amendment of the Current City Budget for Fiscal Year July 1, 2019 - June 30, 2020
EXECUTIVE SUMMARY:

The FY 2020 amendment includes the following changes:

• Amended revenues include increases in bond proceeds and transfers in related to the current refunding of the General Obligation Refunding Bonds, Series 2011A and 2012B. 
• Amended expenditures include increases related to additional medical supplies and refunds related to COVID-19 and the current refunding of the General Obligation Refunding Bonds, Series 2011A and 2012B.

The primary reason for the budget amendment is the current refunding of the General Obligation Refunding Bonds, Series 2011A and 2012B.  All other line items are being adjusted for precautionary reasons so that the City remains in legal budgetary compliance.

 
FISCAL IMPACT: Yes
Overall, the budget amendment includes the use of $152,400 in ending fund balance at June 30, 2020.
CITY MANAGER'S RECOMMENDATIONS:
Set public hearing on an amendment of the current city budget for fiscal year July 1, 2019 - June 30, 2020 for May 18, 2020 at 5:30 p.m.
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
PUBLIC OUTREACH EFFORTS:
Notice of public hearing will be published in the Des Moines Register on May 8, 2020.
ACTION REQUESTED:

Action: Consider motion to set public hearing on an amendment of the current city budget for fiscal year July 1, 2019 - June 30, 2020 and direct City Clerk to publish notice of such hearing (date of hrg: 05/18/20 @ 5:30 p.m.).
ADDITIONAL INFORMATION:
ATTACHMENTS:
Click to download
Notice of Public Hearing
Budget Amendment Detail