HomeMy WebLinkAbout6.e. Budget AmendmentsEXECUTIVE SUMMARY
City Council Meeting Date: April 21, 2015
AGENDA ITEM: Budget Amendments AGENDA SECTION:
Consent
PREPARED BY: Jeff May, Finance Director AGENDA NO. 6.e.
ATTACHMENTS: Council Memo, Resolution, Donation
Worksheets & Supporting Documents APPROVED BY: ddj
RECOMMENDED ACTION: Motion to adopt A Resolution Approving the Amendment of
Certain 2015 Budget Items.
ISSUE
Amend the General Fund budget to reflect donations expended during the 1st quarter of 2015, to the
Police Department budget to adjust for the retirement costs for 2 departing Sergeants and for adjustments
to the Building CIP Fund to reflect the SKB donation received for the Senior / Activity Center.
BACKGROUND
This item is on the agenda for Council to formally amend the 2015 General Fund budget by resolution for
donation items that Council had previously authorized covering expenditures made during the first quarter
of 2015, for the retirement costs of 2 departing Sergeants and for the donation received from SKB for the
Senior / Activity Center.
Rather than bringing a resolution before the Council each time there is a need to spend money from
donations previously received, we have developed procedures that allow us to have you authorize the
expenditure and amend the budgets at the time the expenditure is made and then periodically bring to you
a resolution that formally amends the budgets for a number of these donation expenditures. The attached
memo and donation worksheets support the figures given in the resolution.
SUMMARY
Recommend the above motion to approve the budget amendments for the 1st quarter of 2015.
MEMORANDUM
To: Mayor Droste
Council Members DeBettignies, Demuth, Nelson & Weisensel
From: Jeff May, Finance Director
Date: April 6, 2015
Subject: Budget Amendments
This is a request to amend both the revenue and expenditure budgets for the General Fund for
expenditures of donations previously received. The General Fund will also have an amendment to
the Police Department budget to acknowledge the assignment made for 2014 related to the
retirement costs for the two Sergeants that left earlier this year. Also, the Building CIP Fund
budget will be amended for the $400,000 received from SKB late last year for the Senior/Activity
Center project. This memo is to show the line by line detail of the actual changes to be made to
the budgets, of which the totals are summarized in the Resolution before you.
GENERAL FUND DETAIL
Detail for Revenues:
101-36230.00 (Donations) $ 8,267.60
101-36265.00 (Use of Reserve Funds 105,000.00
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Total Revenues $ 113,267.60
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Detail for Expenditures:
101-42110-01-208.01 (Miscellaneous Supplies – D.A.R.E.) $ 212.38
101-42110-01-208.02 (Miscellaneous Supplies – Equipment) 500.00
101-42110-04-101.00 (Salaries & Benefits) 65,000.00
101-42110-06-101.00 (Salaries & Benefits) 40,000.00
101-42210-01-586.00 (Other Equipment Purchases) 6,875.00
101-45100-01-439.00 (Other Miscellaneous Charges) 680.22
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Total Expenditures $ 113,267.60
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BUILDING CIP FUND DETAIL
Detail for Revenues:
202-36230.00 (Donations) $ 400,000.00
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Total Revenues $ 400,000.00
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Detail for Expenditures:
202-49002-01-529.00 (Senior/Activity Center) $ 400,000.00
-----------------
Total Expenditures $ 400,000.00
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CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2015 -
A RESOLUTION APPROVING THE AMENDMENT OF
CERTAIN 2015 BUDGET ITEMS
WHEREAS, the City Council recognizes the need to amend certain items from the 2015
General Fund Operating Budget, the totals which are as follows:
(1) General operating revenues, the total which reflects an increase of $113,267.60;
(2) General operating expenditures, the total which reflects an increase of
$113,267.60;
WHEREAS, the City Council recognizes the need to amend certain items from the 2015
Building CIP Fund, the totals which are as follows:
(1) Building CIP revenues, the total which reflects an increase of $400,000.00;
(2) Building CIP expenditures, the total which reflects an increase of $400,000.00;
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Rosemount
hereby approves the amendment of the above listed budget items for the 2015 General
Fund Operating Budget and the 2015 Building CIP Fund Budget.
ADOPTED this 21st day of April, 2015.
_____________________________
William H. Droste, Mayor
ATTEST:
__________________________
Clarissa Hadler, City Clerk