Agenda Text
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Requesting the reduction of $8,848 from the appropriated FY21 Dilboy Enterprise Fund Budget to balance the budget.
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Official Text
To the Honorable City Council:
I respectfully request a reduction of $8,848 from the Salaries & Wages Temporary Account in the FY2021 appropriated Dilboy Enterprise Fund Budget in order to balance the budget for the FY2021 Tax Recap submission to the Department of Revenue. The impact of the COVID-19 pandemic and expected field closures result in a reduction of planned program revenues from $80,000 to $19,440. The reduction of revenues is partly made up from an appropriation of remaining Retained Earnings in the amount of $51,712.The difference will need to be made up by a reduction in the budget of $8,848. A balanced budget is required by the Department of Revenue in order to set the tax rate.
My staff will be available to address any questions you may have. Thank you for your consideration of this item.
Respectfully Submitted,
Joseph A. Curtatone, Mayor