FY 16 Mid-Year Status Report: budget amendments

At the Council meeting on January 21, 2016, the Council discussed budget amendments for Fiscal Year 2016 (FY16, which covers July 1, 2015 thru June 30, 2016).  Professional fees for building review and permits are expected to exceed the original budget due to a variance hearing, requiring a budget amendment to cover the remainder of the fiscal year.  Similarly, legal fees are exceeding the originally budgeted amount due to the variance hearing, as well as the legal compliance review completed by Funk & Bolton. While the Village had budgeted for four street cleanings in FY16, the more thorough street cleanings being done this year will put the Village over budget.
Budget category        Description                                           Budget Amendment
5222                         Professional fees: Building Review                  $11,450
                                  and Permits
5230                         Professional Fees: Legal                                $23,891
5322                         Street cleaning                                              $15,520
5420                         Leaf bags                                                       $2,375
At the June 16, 2016 Council Meeting the Council discussed budget amendments for Fiscal Year 2016 in two categories. The expenses for Legal Professional Fees and Building Review and Permits will exceed the budget for the last few months in FY2016.
Budget category        Description                                           Budget Amendment
5222                         Professional fees: Building Review                  $15,000
                                  and Permits
5230                         Professional Fees: Legal                                $10,500