HomeMy WebLinkAbout6.f. Budget Encumbrances 4ROSEMOLII TTEEXECUTIVE SUMMARY
CITY COUNCIL
City Council Meeting Date: March 5, 2008
AGENDA ITEM: Budget Encumbrances AGENDA SECTION:
Consent
PREPARED BY: Jeff May, Finance Director AGENDA NO. 6.1.
ATTACHMENTS: Resolution and 2007 Encumbrance APPROVED BY:
Journal Entries
RECOMMENDED ACTION: Motion to adopt a Resolution Approving the Encumbrance of
Certain 2007 Budget Items to 2008.
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 listed items
from 2007 forward to 2008.
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2008
A RESOLUTION APPROVING THE ENCUMBRANCE OF
CERTAIN 2007 BUDGET ITEMS TO 2008
WHEREAS, the City Council recognizes the need to carry forward to 2008 certain
balances from the 2007 General Fund Operating Budget, the 2007 Street CIP Budget
and the 2007 Equipment CIP Budget, which are summarized as follows:
(1) General Fund items that total an amount of $237,200.00;
(2) Street CIP items that total an amount of $50,000.00;
(3) Equipment CIP items that total an amount of $75,000.00;
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 2007
budgets to 2008.
ADOPTED this 5 day of March, 2008.
William H. Droste, Mayor
ATTEST:
Amy Domeier, City Clerk
Motion by: Seconded by:
Voted in favor:
Voted Against:
Members Absent:
2007 Encumbrance General Journal Entries
101 41110 -01- 225.00 16,000.00 SKB Landscape Program
101 -24420 16, 000.00
To encumber 2007 SKB funds received and not expended for the $25,000 annual payment
101 41320 -41- 315.00 19,000.00 Fireworks LED Bulb Replacements
101 -24421 19,000.00
To encumber excess 2007 funds for Administration Department items not spent
101 41410 -01- 580.00 60,000.00 Election Equipment
101 -24458 60,000.00
To encumber excess 2007 funds for purchase of new equipment
101 41940 -01- 401.02 9,200.00 Siren Repairs Replacements
101 -24455 9,200.00
To encumber excess 2007 funds not spent
101 41940 -01- 530.00 10,000.00 St. Joseph's Site Improvements
101 -24434 10,000.00
To encumber excess 2007 funds not spent (for fence at site)
101- 43121 -01- 410.02 123,000.00 Sidewalk Curb Program
101 -24411 123,000.00
To encumber 2007 Street Maint. Dept. (Sidewalk/Curb Program) funds forward to 2008
for future projects
203 49003 -01- 530.00 50,000.00 CR 42 /Hwy 52 Design Costs
203 -24431 50,000.00
To encumber 2007 Street CIP funds not spent for CR 42 /Hwy 52 design costs
207 49007 -01- 580.00 20,000.00 Entrance Monuments
207 -24493 20,000.00
207 49007 -01- 586.00 10,000.00 Future PC Hardware Needs (Printers)
207 -24480 10,000.00
207 49007 -01- 588.00 45,000.00 City Wide Software
207 -24489 45,000.00
To encumber 2007 Equipment CIP funds forward to 2008 for delayed purchases /projects