Item 6CMEMORANDUM
June 10.2O2O
TO: ShanaYolvertnn.City Manager
FROM: SharenJackson, Chief Financial Officer
SUBJECT: Item 6C'Approval ofamended Fiscal Year 2020 South|oke Crime Control
and Prevention District Operating Budget
Action Requested: Approval of amended Fiscal Year 2020 South|ake Crime Control and
Prevention District Operating
Background
Information: The purpose of this item is to seek board consideration of the revised
Fiscal Year 2020 annual operating budget. The FY 2020 budget was
developed pre-COV|D10and aaoresult ofthe economic impact sales tax
and interest income require adjustments toreduce revenue projections.
Financial
Considerations: The proposed budget adjustment address the COV|D-1Qfinancial impact
to reduce revenue projections by $500,899.
Strategic Link: Fl: Adhere toFinancial management principles and budget
Citizen Input/
Board Review: The budged amendment was approved by the Crime Control and
Prevention District Board of Directors on June 9, 2020.
Legal Review: None required.
Alternatives: Approve orreject the budget submitted
Supporting
Documents: CCPD Fund Summary -Operating Budget
Staff
Recommendation: Approval ofthe amended Fiscal Year 2O2OCrime Control and Prevention
District Operating Budget
CRIME CONTROL DISTRICT FUND
2020 Revised Budget
2020
Original
Adopted
2020
Revised
Amended
$ Increase/
(Decrease)
Adopted
% Increase/
-Decrease
REVENUES
Sales Tax
$1,881,000
$1,408,601
($472,399)
-25.1%
Miscellaneous Income
$0
$0
$0
0.0%
Interest Income
$95,000
$66,500;'
($28,500)
-30.0%
Total Revenues
$1,976,000
$1,475,101
($500,899)
-25.3%
EXPENDITURES
Personnel
$1,161,249
$1,161,249'''
$0
0.0%
Operations
$232,503
$232,503
0
0.0%
Capital
$510,419
$ 510 419'
0
0.0%
$1,904,171'
Total Expenditures
$1,904,171
$0
0.0%
Net RevenuesZ_1.829
0
Transfers In -SPDC
$0
$0'i
Transfer out -Crime Control CIP
($400,000)
($400,000)
0
Transfers Out -General Fund7(
9 040)7(
9.040)1
0
Total Other Sources (Uses)
($479.04010
Beginning Fund Balance
$4,209,042
$4,029,621
Ending Fund Balance
$3,801,831
$121 X111