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EXHIBIT #1 Regular Council Meeting of 04/25/2011 CITY OF DOVER ORDINANCE #2011-10 BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF DOVER, IN COUNCIL MET: The amounts hereinafter named in various City funds are changed from the currently approved revenues/receipts and appropriations to the revised revenues/receipts and revised appropriations for use by the various departments of the Municipal Government for: 2010-2011 Budget Ordinances A. GENERAL FUND - Expenditures Current Additions Revised EXPENDITURES Budgets (Reductions) Budgets Pension Unfunded Liability $ 995,000 $ 454,978 $ 1,449,978 Current Year Balance 3,651,444 (454,978) 3,196,466 Net Adjustments $ - B ELECTRIC REVENUE FUND - Expenses Current Additions Revised EXPENSES Budgets (Reductions) Budgets Pension Unfunded Liability 833,000 277,477 1,110,477 Current Year Balance 10,947,900 (277,477) 10,670,423 Net Adjustments $ - Comments: 1) Attached for reference is Ordinance 2011-09. See line numbers 102, 126, 329 and 348. 2) The General Fund current year balance meets the minimum policy requirement of 8%. The current balance is 8.9% of revenue or $334,267 greater than the minimum requirement. 3) The Electric Fund current year balance meets the minimum policy requirement of 8%. The current balance is 10.5% of revenue or $2,536,542 greater than the minimum requirement. 4) The total budget remains the same as in Ordinance 2011-09. The revisions have a zero sum effect. ADOPTED: APRIL 25, 2011 Actions History: April 25, 2011 - Final Reading - Council April 11, 2011 - First Reading - Council