City Council

8. Receive and File the Fiscal Year 2022-23 Mid-Year Budget Report and Approve\nBudget Adjustments Click to View\nPrepared by: Matt Burton, Director of Finance and Administrative Services\nRecommendation:\n1. Receive and file the FY 2022-23 Mid-Year Budget Report; and\n2. Approve mid-year Budget adjustments:\nCity\na. Increase appropriations in the General Fund by $105,936\nb. Increase appropriations in the Storm Drainage Fund by $59,700\nc. Increase appropriations in the Lighting District Fund by $12,000\nd. Increase appropriations in the Sewer Fund by $8,400\ne. Increase appropriations in the Narcotics Asset Seizure Fund by $30,000\nf. Increase appropriations in the Central Services Fund by $40,000\ng. Increase appropriations in the Capital Replacement Fund by $27,000\nh. Transfer $60,700 of appropriations in the General Fund from personnel to contract\nservices\ni. Transfer $27,000 from the Narcotics Asset Seizure Fund to the Capital Replacement\nFund\nj. Transfer $1,000,000 from the Liability Self-Insurance Fund to the Workers\nCompensation Self-Insurance Fund\nk. Transfer $1,750,000 from the General Fund to the Infrastructure Fund\nl. Transfer $1,750,000 from the General Fund to the Employee Benefits Fund for\nPension Trust Investment\nm. Approve the receipt of $1,434,209 from the Park District as partial payment on the\noutstanding Repayment Agreement and Promissory Note with the City for the\nconstruction of Lexington Park\nn. Approve the attached Repayment Agreement and Promissory Note between the\nCity and Park District for an amount not to exceed $1,275,000.\nRecreation and Park District\no. Increase appropriations in the General Fund by $896,600\np. Transfer $1,434,209 from the Park Development Fund to the General Fund\nq. Approve a $1,434,209 payment to the City's Infrastructure fund to apply against the\noutstanding Repayment Agreement and Promissory Note between the City and Park\nDistrict for the construction of Lexington Park.