Attachment 3
Fund/Description
General Fund - Fund 10, Fund 13, Fund 15 Account Proposed Amount Justification Expenditures
Add / (Delete):
1. Re-Allocate IT Capital Projects - Reduce General Fund transfer out to IT Fund.
109000-9968 (280,000)$ Reduce General Fund transfer out to approved IT Capital Projects for FY 24-25 and re-allocate to
departments across various funds as these projects
support Citywide IT infrastructure.
2. Reduction in IT ISF Cost Alloca tion - Salary Savings 10xxx- 6809 (130,000)$ Due to a new IT staff vacancy, reduce IT cost allocations across all departments.
3. Reduction in Liab ility ISF Cost Allocation - Reduction in Insurance Premiums
10xxx-6802 (537,113)$ Due to a $976,570 savings in the City's general liab ility insurance premium for FY 24-25, reduce General Fund
liability ISF allocation to Liability Fund (Fund 62).
Total General Fund (947,113)$
All Other City Funds (Various)
Account Proposed Amount Justification
Expenditures
Add / (Delete):
4. Reduction in Liab ility ISF Cost Allocation - Reduction in Insurance Premiums
Various-6802 (439,456)$ Due to a $976,570 savings in the City's general liab ility insurance premium for FY 24-25, reduce General Fund
liability ISF allocation to Liability Fund (Fund 62).
5. Re-Allocate IT Capital Projects - Increase Other City Funds cost allocations to IT Fund.
Various-6809 280,000$ Reduce General Fund transfer out to approved IT Capital Projects for FY 24-25 and re-allocate to
departments across various funds as these projects
support Citywide IT infrastructure.
Total Liability Insurance Fund (159,456)$
Liability Insurance Fund - Fund 62
Account Proposed Amount Justification
Expenditures
Add / (Delete):
6. Reduction in Insurance Premiums 62186-6462 (976,569) $ Reduce budget due to $976,569 savings in the City's general liability insurance premium for FY 24-25.
Total Liability Insurance Fund (976,569)$
Information Technology (IT) Fund - Fund 68 Account Proposed Amount Justification Expenditures
Add / (Delete):
7. Salaries & Benefits - Salary Savings due to 1.0 FTE
vacancy
68166-6319 (130,000)$ Due to a new IT staff vacancy, reduce IT cost allocations across all departments.
Total IT Fund (130,000)$
MID-YEAR (Q2) BUDGET AMENDMENTS
FY 2024-25 Adopted Budget
February 18, 2025