BUDGET GUIDELINES
Capital Project Budget Adjustments These guidelines provide an administrative process, along with budget and accounting control, for the Capital Improvement Program budget (excluding the Great Park budget).Adjustments to the adopted or adjusted budget over $50,000 must be approved by the City Manager; Department Director; Manager of Budget and Business Planning; and Manager of Fiscal Services, reviewed by the Finance Commission (except when previously reviewed and approved by the Orange County Great Park Board of Directors, or when direction for the budget adjustment originates from a majority vote of the City Council) and approved by a majority vote of the City Council, unless the budget adjustment falls under one of the exceptions below. Budget adjustments under $50,000 do not need Finance Commission review. No budget adjustment for less than $5,000 will be processed unless required to close a capital project.
Budget adjustment exceptions will be classified as one of the following types:
Approvals Required: Manager of Budget and Business Planning, Manager of Fiscal Services, and Department Director.
I. Removal of up to $30,000 of surplus funds from a capital project, returning funding to the original source(s).
J. Adjustments to revenues and/or expenditures within a single project that does not change total project budget.
K. Grant agreements that have previously been approved by the City Council during the application process.
L. Adjustments within an Assessment District (AD) or Community Facilities District (CFD) Capital Project Fund, provided the projects are identified in an approved AD Engineer’s Report for CFD Resolution of Formation.
Approvals Required: Manager of Budget and Business Planning, Manager of Fiscal Services, Department Director, and City Manager.
M. Removal of between $30,000 and $50,000 of surplus funds from a capital project, returning funding to the original source(s).
N. Adjustments between projects within the same fund of up to $50,000 that do not increase overall capital improvement project revenue, expenditures or related transfers (allowed one time per fiscal year per project, excluding year-end report adjustments).
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FY 2019-21 Proposed Budget
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