Agenda Text
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Requesting the appropriation of $51,712 from the Dilboy Enterprise Fund Retained Earnings to balance the FY21 Dilboy Enterprise Fund Budget.
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Official Text
To the Honorable City Council:
I respectfully request an appropriation of $51,712 from the Dilboy Enterprise Fund Retained Earnings to balance the FY2021 Dilboy Enterprise Fund Budget.
The Original Budgeted Program Revenues will need to be reduced by $60,560 due to field closures and the impact of COVID-19. A budget reversion of $8,848 will also be presented to your Honorable Council.
The net impact is an additional $51,712 which is required to balance the budget for the FY2021 Tax Rate Recap.
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