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HomeMy WebLinkAbout6.f. Budget EncumbrancesAGENDA ITEM: Budget Encumbrances AGENDA SECTION: Consent PREPARED BY Jeff May, Finance Director AGE ATTACHMENTS: Resolution and 2005 Encumbrance Journal Entries APPROVED BY: RECOMMENDED ACTION: Motion to adopt A RESOLUTION APPROVING TH ENCUMBRANCE OF CERTAIN 2005 BUDGET ITEMS TO 2006 ROSEMOUNT CITY COUNCIL City Council Meeting Date' February 21, 2006 EXECUTIVE SUMMARY ISSUE The issue before the City Council is the annual encumbrance of General Fund and CIP Funds items forward from the prior year to the current year. BACKGROUND This item is on the agenda for consideration of the approval of the proposed encumbrance items for the General Fund, the Street CIP Fund and the Equipment CIP Fund The attached journal entry worksheet summarizes the reasons for the encumbrance requests. SUMMARY Staff is recommending that the City Council adopt the attached resolution encumbering the hsted items from 2005 forward to 2006 WHEREAS, the City Council recognizes the need to carry forward to 2006 certain balances from the 2005 General Fund Operating Budget, the 2005 Street CIP Budget and the 2005 Equipment CIP Budget, which are summarized as follows (1) General Fund items that total an amount of $226,600.00; (2) Street CIP items that total an amount of $250,000.00, (3) Equipment CIP items that total an amount of $277,000 00, NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Rosemount hereby approves the encumbrance of the above listed account items from the 2005 budgets to 2006 ADOPTED this 21 day of February, 2006. ATTEST: Linda J Jentink, City Clerk CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2006 A RESOLUTION APPROVING THE ENCUMBRANCE OF CERTAIN 2005 BUDGET ITEMS TO 2006 William H Droste, Mayor Motion by: Seconded by: Voted in favor. Voted Against: Members Absent 2005 Encumbrance General Journal Entries 101 41110 -01 -225 00 20,600 00 SKB Tree Program 101 -24420 20,600 00 To encumber 2005 SKB funds received and not expended for the $25,000 annual payment 101 41320 -31 -319 03 5,400.00 New Contract for Chess Consultant 101 -24423 5,400 00 To encumber excess 2005 funds for execution of the new Chess Consultant contract 101 41320 -41 -315 00 26,500 00 Arms for Light Poles, Entrance Signs, 101 41320 -41 -319 00 8,100 00 Video Editing Software, PC Training 101 -24424 34,600 00 To encumber excess 2005 funds for Administration Department items not spent 101 41410 -01 -580 00 54,000 00 Election Equipment 101 -24458 54,000 00 To encumber excess 2005 funds for purchase of newly mandated equipment 101 43121 -01 -410 02 112,000 00 Sidewalk Curb Program 101 -24411 112,000 00 To encumber 2005 Street Maint Dept (Sidewalk/Curb Program) funds forward to 2006 for future projects 203- 49003 -01 -530 00 250,000 00 Old County Road 38 Improvements 203 -24431 250,000 00 To encumber 2005 Street CIP funds not spent for completion of Old County Road 38 Improvements 207- 49007 -01 -540 00 25,000 00 207 49007 -01 -545 07 5,000 00 207 -24483 207 49007 -01 -545 01 207- 49007 -01 -545 02 150,000 00 207 -24485 207- 49007 -01 -580 00 5,000 00 207 -24484 207- 49007 -01- 550.00 24,000 00 207 -24487 207- 49007 -01 -583 00 5,000 00 207 -24486 Refurbish Fire Dept Unit #3590 Refurbish Fire Dept Unit #3590 30,000 00 63,000 00 Fire Dept Backup Rescue Truck Fire Dept Additional Tanker Truck Fire Dept AED Unit Police Squad Car Police Emergency Equipment for Sqad Cars 213,000 00 5,000 00 24,000 00 5,000 00 To encumber 2005 Equipment CIP funds forward to 2006 for delayed purchases /projects