ANKENY CITY COUNCIL

Regular Agenda

May 18, 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:
Public Hearing
LEGAL:
No Review Required
SUBJECT:
PH 2020-31: 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:
Close public hearing on an amendment of the current city budget for fiscal year July 1, 2019 - June 30, 2020.
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
PUBLIC OUTREACH EFFORTS:
Notice of public hearing was published in the Des Moines Register on May 8, 2020.
ACTION REQUESTED:

Action: Consider motion to close Public Hearing 2020-31.
ADDITIONAL INFORMATION:
ATTACHMENTS:
Click to download
PH Coversheet
Resolution
Budget Amendment Detail