HomeMy WebLinkAbout4.c. Budget Discussion CITY OF ROSEMOUNT
EXECIITIVE SIIdmlARY FOR ACTION
PORT AUTHORITY MEETING DATE: NOVEMBER 15, 1994
AGENDA ITEbI: BUDGET DISCUSSION AGENDA SECTION:
OLD BUSINESS
PREPARFD BY: RON WASMUND, AGEN'DA NO.
COMMUNITY DEVELOPMENT DIRECTOR 4. C.
ATTAC�SENTS: 1995 BUDGET APPROVED BY:
/
At the November 1 meeting the 1995 budget was approved on the condition
that we have continued discussion on it at the next meeting. We are
therefore bringing it back. The discussion that is desired by some
revolves around the balancing of the budget with less dependency on
reserves and identification of revenues for senior housing project land
acquisitions.
The budget has been approved. This discussion is intended for
clarification and general understanding.
RECOI�IlKENDED ACTION: None. Discussion item only.
PORT AIITHORITY ACTION:
, Page One
, 1995 BUDGET WORKSHEEI'S
PORT AUTHORTI'Y OPERATING BUDGEI'
-REVENUES-
November 1,1994 1994 1995 Object 1995
1992 1993 Adopted Detail Pmposed
Fund Account Obj# Description Actual Actual Budget Amount Budget Comments
7A1 31050 00 000 Taac Increments 5277,190 5336,451 5278,000 5285,000
201 33100 00 000 Federal Grants&Aids SO $0 5264,269 $0 Comm Development Block Grant
201 36105 00 000 Principal on Notes SO 54,044 516,777 518,069
201 36105 00 000.1 Blake III'Note $9,359
2A1 36105 00 000.2 Loch IJT Note 58,710
201 36210 00 000 Interest Earnings-Investments 55,753 56,447 53,000 $3,000 Interest Eazned on CD's
201 36211 00 000 Interest Farnings-Loch 554,342 552,442 S51,926 551,290 Loch I.fI'Mortgage Interest
201 36212 00 000 Interest Earnings-Blake a50,771 551,117 553,697 553,041 Blake I,/I'Mortgage Interest
201 36215 00 000 Interest Earnings $1,953 5887 51,000 5250 Checking Interest&Misc
�1 36265 00 000 Use of Reserve Funds SO SO $43,993 585,4907
201 39203 00 000 Transfer From a0 $0 SO SO
201 39310 00 000 Bond Proceeds a(1 5528,400 SO $0
PAGETOTALS S39Q009 $979,789 5712,662 5496,140
FLJNDTOTAIS 5390,009 5979,789 5712,662 5496,140
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-F,XPENDPI'URFS-
1994 1995 Object 1995
1992 1993 Adopted Detail Pmposed
Fund Account Obj# Description Actual Actual Budget Amount Budget Comments
All Salary Costs Inclusive of
?A1 46300 101 Salaries&Benefits 530,616 571,206 $73,222 $71,940 Salary,Taxes,PERA&Benefits
201 46300 101.1 City Administrator 519,940 ZS%P/A"-75%General Fund
201 46300 101.2 Comm Development D'uector 534,200 50%P/A-50%General Fund
201 46300 101.3 Secretary $17,800 50%P/A-50%General Fund
201 46300 102 Full-Time Overtime S35 5829 SO 5500
201 46300 99 103 Part-Time Salaries&Benefits 55,695 56,094 56,500 $25,200
201 46300 99 1031 Port Authority Membets 0
201 46300 99 103.2 Economic Development Interas $18,70
201 46300 Ol 302 Arclutects'Fees S88'7 SO $0 SO
201 46300 Ol 303 Engineering Fees 5497 $36,137 $0 $15,000
201 46300 Ol 304 I.egal Fees 57,261 52,025 $21,600 S30,OOU
201 46300 01 307 Management Fees $1,697 SO SO SO
201 46300 Ol 317 Gen'1 Fund Administrative Fees 55,625 55,625 55,625 E5,700 Yeazly Fee Per Policy F-3
201 46300 Ol 319 Oiher Professional Services 518,225 S22,669 520,000 $35,000 Consulting Services
201 46300 Ol 331 Travel Expense 5320 $913 51,000 51,000 Mileage Reimbursement
201 46300 Ol 341 Employment Advertising 51,563 SO SO $0
201 46300 Ol 349 OtherAdver[ising $0 $0 SO 512,000
201 46300 01 351 I,egai Notices Publishing SO S34 aaoo aaoo
ZOl 46300 Ol 365 Workmen's Comp Insurance 51,321 51,669 52,000 52,000
201 46300 O1 369 OtherInsurance $0 58,398 SO $15,000 Property Insurance
201 46300 Ol 389 Other Utility Services S39 S27 SO 5500
201 46300 Ol 433 Dues&Subscriptions 5519 5471 S2,000 52,000 Pmf Or4A�Tlfations/Journals
201 46300 Ol 435 Books&Pamphlets 5273 5246 5400 $400
201 46300 Ol 437 Conferences&Seminars 5917 $1,920 53,000 53,000 Star City,Chamber,&Misc
201 4630U Ol 439 Other Miscellaneous Charges S94 S22 $250 5500 Contingencies
1A1 46300 Ol 510 Land Purchases 514,203 5541,986 $264,269 SO 1993-Business Pazk-$517,109
7A1 46300 Ol 530 Impmvements Other Than Bldgs SO SO 520,000 S5,000 Business Pazk Development
201 46300 O1 'I10 Transfers $171,000 5486,593 5292,396 5271,000
201 46300 Ol 7101 8/1/95 Pymt-1988A G.O.TIF $27,000 Interest Only
201 46300 Ol 710.2 2/1/96 Pymt-1988A G.O.TTF S127,000 Yrincipal&Interest
201 46300 01 710.3 8/1/95 Pymt-1992E G.O.Bldgs 511,000 Interest Only
201 46300 Oi 710.4 ?Jl/96 Pymt-1992E G.O.Bldgs 5106,000 Principal&Interest
201 46300 Ol 720 Transfers 550,000 550,000 SO $0
PAGET'OTAIS 5310,785 51,236,863 5712,662 5496,140
DEPARTMENTTOTAIS 5310,785 S1,236,863 5712,662 $496,140
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