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HomeMy WebLinkAbout6.d. Encumbrance of 1999 Budget ItemsCITY OF ROSEMOUNT EXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: March 7, 2000 AGENDA ITE ;': Encumbrance of 1999 Budget Items AGENDA SECTION: Forward to 2000 Consent PREPARED BY: Jeff May, Finance Director AGEND ATTACHMENTS: Resolution and General Journal Entries APPROVED BY: This item is on the agenda for consideration of the approval of certain unspent 1999 budget items to be encumbered forward to 2000. The following will attempt to summarize the attached encumbrances: 1) Unused 1999 General Funds for fixed asset software for our financial accounting, for the replacement of the old City Shop roof (started late in 1999 — to be completed in 2000), and for the expansion of the new Fire Station parking lot (to be done in conjunction with the 2000 street reconstruction project). 2) Unused 1999 General Funds to cover Police uniform allowance balances (required by union contract). 3) Unused 1999 CIP Funds for the Charlie's Park tennis courts (were to be resealed in 1999 but rescheduled for 2000 with the School District), for the Police Department MCD upgrades to the squads and for the Police Department records management system (RMS) software upgrades. The entries required to complete the encumbrances and the resolution allowing us to do so are attached. The 1999 General Fund, after encumbrances, will end up with an approximate increase in fund balance of $600,000. This increase is due mainly to increased revenues, especially in the area of permits. Nothing is being encumbered at this point for the possible City Hall remodel /expansion or the downtown improvements. As these projects proceed forward in the year 2000, we will look at possibly using some of these reserves to help fund the cost of both of these projects. If we do so, at that time we will amend the budget to reflect those uses by increasing our expenditures and reallocating the reserves. RECOMMENDED ACTION: Motion to adopt A RESOLUTION APPROVING THE ENCUMBRANCE OF CERTAIN 1999 BUDGET ITEMS TO 2000. COUNCIL ACTION: CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 2000 - A RESOLUTION APPROVING THE ENCUMBRANCE OF CERTAIN 1999 BUDGET ITEMS TO 2000 WHEREAS, the City Council recognizes the need to carry forward to 2000 certain balances from the 1999 General Fund Operating Budget and the 1999 CIP Budgets, which are summarized as follows: (1) Certain General Fund equipment or service items that total an amount of $61,714.00; (2) Police uniform allowance balances that total an amount of $1,664.49; (3) CIP items that total an amount of $74,379.65; 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 1999 budgets to 2000. ADOPTED this 7th day of March, 2000. Cathy Busho, Mayor ATTEST: Linda J. Jentink, City Clerk Motion by: Voted in favor: Seconded by: Voted Against: 1999 Encumbrance General Journal Entries 101- 41520 -01 -319 5,800.00 101 -24480 5,800.00 Fixed Asset Software 101- 41940 -01 -401 15,914.00 101 -24481 15,914.00 Replace City Shop Roof 101- 43121 -01 -403 40,000.00 101 -24482 40,000.00 Fire Station Parking Lot To encumber General Fund funds forward to 2000 101 - 42110 -06 -217 104.49 B. Burkhalter 101- 42110 -08 -217 219.93 B. O'Donnell 101 - 42110 -10 -217 101.28 J. Sommers 101 - 42110 -11 -217 185.84 B. Weatherford 101 - 42110 -12 -217 344.25 T. Murphy 101 - 42110 -14 -217 533.83 J. Winters 101 - 42110 -16 -217 174.87 J. Rauenhorst 101 -24422 104.49 101 -24424 219.93 101 -24426 101.28 101 -24427 185.84 101 -24420 344.25 101 -24428 533.83 101 -24430 174.87 To encumber 1999 Police Uniform Allowance balances forward to 2000 207 - 49007 -01 -530 14,000.00 207 -24495 14,000.00 Charlie's Park Tennis Courts 207 - 49007 -01 -587 37,379.65 207 -24435 37,379.65 Police MCD Upgrades 207 - 49007 -01 -588 23,000.00 207 -24496 23,000.00 Police RMS Software To encumber Equipment CIP funds forward to 2000