Title
Amending the spending and financing plans for the Library Agency.
Body
WHEREAS the COVID-19 pandemic has negatively impacted City revenues in calendar year 2020; and
WHEREAS the COVID-19 pandemic has increased City expenditures to respond and recover from the pandemic; and
WHEREAS in 2020 the City incurred in unanticipated expenses due to community civil unrest following the murder of George Floyd; and
WHEREAS City departments, including the Library Agency, have made operational adjustments to spend less than their allocated 2020 budget to provide budget solutions to address the City’s current financial situation; and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul does certify that there are available for appropriation funds in excess of those anticipated in the 2020 budget as indicated in the attachment; and
WHEREAS, the Mayor, pursuant to Section 10.07.3 of the Charter of the City of Saint Paul does certify that the revenue available will be insufficient to meet appropriation amounts anticipated in the 2020 budget as indicated in the attachment; and
WHEREAS, the Mayor, pursuant to Section 10.07.4 in of the Charter of the City of Saint Paul does certify that there are appropriations available to transfer between departments, now, therefore, be it
RESOLVED, that the Library Board approves the changes to the 2020 Budget, and that said budget as heretofore adopted by the Library Board is hereby amended as indicated in the attached financial analysis.
Financial Analysis
See Attachment.