Title
Chief Administrative Officer recommending the following pertaining to the Fiscal Year 2006/2007 Budget Adjustment:
(1) Receive and file report regarding the financial position of the General Fund at June 30, 2006;
(2) Authorize the Auditor-Controller to increase designations for Capital Projects in the General Fund by $4,723,336.35; and
(3) Approve Budget Transfer to increase revenues and appropriations in General Fund Department 15 - Special Projects by $4,723,336.35 and transfer $1,303,504 from Department 15 - Special Projects to another account in Department 15 to reappropriate funds from fund balance for activities funded but not completed in Fiscal Year 2005/2006. (4/5 vote required.