Suzy Ageton George Karakehian KC Becker Tim ... - City of Boulder

BUDGET SUPPLEMENTAL CATEGORIES
ATTACHMENT B
DESCRIPTIONS OF BUDGET SUPPLEMENTALS
Budget Supplemental from Fund Balance – Adjustments for new appropriation from a specific
fund’s available fund balance.
Budget Supplemental from Fund Balance Reserve - Adjustments for new appropriation from a
specific fund’s available fund balance where use is limited for specific purposes, typically due to
legal restrictions or management assignment.
Budget Supplemental from Additional Revenue -
Grants - Budget supplementals from grant revenues are required throughout the year
since either the grant was not anticipated and was therefore not incorporated into the
original budget or because the grant amount actually received was either more (or less)
than the amount included in the original budget.
Miscellaneous - This category includes annual unanticipated funds received for city
programs and services, including items such as donations, fundraisers, wildland fire
costs or cooperative agreements between municipalities. In addition, beginning in 2007,
reimbursements for some services (e.g. insurance proceeds, off-duty police officer
services, city-sponsored training programs) are now officially recognized as
miscellaneous revenues instead of reducing expenditures. Best practices accounting and
reporting standards require these revenues to be reflected through the formal
appropriation process.
Transfers to/from Other Funds – Transfers between funds requiring City Council approval.
Budget Adjustments Necessitated by Accounting Requirements – Adjustments required based on
generally accepted accounting and reporting requirements that occur during the final
adjustments to base.
Negative Appropriations – Adjustments reducing approved appropriations based on identified
reductions in revenue sources (e.g. grant funding reductions).
Agenda Item 3I Page 4