HomeMy WebLinkAbout7.a. Review and Consideration of 1995 Operating Budget CITY OF ROSFbiOIINT
LXECIITIVE SIIb�lARY FOR ACTION
PORT AUTHORITY MEETING DATE: NOVEMBER 1, 1994
AGLNDA ITENi: 1995 OPERATING BUDGET AGENDA SECTION:
NEW BUSINESS
PREPARED BY: JOHN MILLER, AGENDA NO.
ECONOMIC DEVELOPMENT COORDINATOR 7. A.
ATTACHIriENTS: 1995 OPERATING BUDGET APPROVED BY:
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The port authority' s executive director, Thomas Burt, and Jeff May, the
city' s finance director have completed a draft 1995 operating budget. A
copy of the draft is attached for your review and comment. The city
council has scheduled a public hearing for the 1995 budgets for the first
Tuesday in December. This requires port authority approval of an operating
budget on either November 1 or November 15 .
Mr. Burt will review the draft budget with you at the November 1 meeting.
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RECOI�Il�lENDED ACTION: Motion to recomm n� approval of the port
authority' s 1995 operating budget and to present it to the city council
for consideration at the December �, 1994, budget public hearing.
PORT AUTHORITY ACTION:
� � Page One
1995 BUDGET WORKSHEETS
PORT AUTHORITY OPERATING BUDGET
-REVENUES-
September 7,1994 1994 1995 Object 1995
1992 1993 Adopted Detail Proposed
Fund Account Obj# Description Actual Actual Budget Amount Budget Comments
201 31050-00 000 Tax Increments 5277,190 5336,451 5278,000 5285,000
201 33100-00 000 Federal Grants 8c Aids 50 SO 5264,269 SO Comm Development Block Grant
201 36105-00 000 Principal on Notes SO 54,044 516,�77 518,069
201 36105-00 000.1 Blake LrI'Note 59,359
201 36105-00 000.2 L.och L�I'Note 58,710
201 36210-00 000 Interest Earnings-Investments SS,753 36,447 53,000 53,000 Interest Eamed on CD's
201 36211 00 000 Interest Eamings-Loch 554,342 552,442 551,926 S51,290 Loch L/T Mortgage Intezest
201 36212-00 000 Interest Earnings-Blake 550,771 551,117 553,697 _ 553,041 Blake L/I'Mortgage Interest
201 36215-00 000 Interest Earnings $1,953 S887 $1,000 5250 Checking Interest&Misc
201 36265-00 000 Use of Reserve Funds SO SO 543,993 . 585,490
201 39203-00 000 Transfer From SO SO SO SO
201 39310-00 000 Bond Proceeds SO 5528,400 SO SO
PAGE TOTAIS 5390,009 5979,789 $712,662 $18,069 5496,140
FiJND TOTALS 5390,009 5979,789 �712,662 518,069 S496,140
-EXPENDITURES-
1994 1995 Object 1995
1992 1993 Adopted Detaii Proposed
Fund Account Obj# Description Actual Actual Budget Amount Budget Comments
----------- --- ---------------------------------
' All Salary Costs Inclusive of
201 46300- 101 Salaries&Benefits $3Q616 571,206 �73,222 S71,940 Salary,Taxes,PERA&Bene�ts
201 46300- 102 Full-Time Overtime S35 5829 SO 5500
201 d6300-99 103 Part-Time Salaries&Benefits 55,695 S6,094 �6,500 S25,200
201 46300-99 103.1 Port Authority Membecs S6,500
201 46300-99 103.2 Economic Development Interns 518,700
201 46300-Ol 302 Architects'Fees 5887 SO SO SO
201 46300-Ol 303 Engineering Fees 5497 536,137 SO 515,000
201 46300-Ol 304 Legal Fees $7,261 �2,025 521,600 530,000
201 46300-Ol 307 Management Fees $1,69'I SO SO SO
201 46300-Ol 317 Gen'1 Fund Administrative Fees 55,625 55,625 �5,6Z5 55,700 Yearly Fee Per Policy F-3
201 d6300-Ol 319 Other Professional Services 518,225 522,669 520,000 S35,000 Consulting Services
201 46300-Ol 331 Travel Expense 5320 5913 51,000 51,000 Mileage Reimbursement
201 46300-Ol 341 Employment Advertising 51,563 SO SO SO
201 46300-01 349 OtherAdvertising SO SO SO 512,000
201 46300-Ol 35I Legal Notices Publishing �0 S34 5400 Sd00
201 46300-Ol 365 Workmen's Comp Insurance $1,321 51,669 $2,000 S2,000
201 46300-Ol 369 Other Insurance SO $8,398 SO S15,000 Property Insurance
201 46300-Ol 389 Other Utility Services $39 S27 SO 5500
201 46300-Ol 433 Dues&Subscriptions $519 S�t71 $2,000 52,000 Prof Organizations/Journals
201 46300-Ol 435 Books&Pamphlets S273 5246 5400 5400
201 46300-Ol 437 Conferences&Seminars 5917 51,920 $3,000 53,000 Star City,Chamber,&Misc
201 46300-Ol 439 Other Miscellaneous Charges S94 S22 5250 5500 Contingencies
201 46300-Oi S10 Land Purohases 514,203 $541,986 5264,269 $0 1993-Business Park-$517,109
201 46300-Ol 530 Improvements Other Than Bldgs SO SO 520,000 55,000 Business Park Development
201 46300-Ol 710 Transfers 5171,000 5486,593 $292,396 S271,000
201 46300-Ol 710.1 8/1/95 Pymt-1988A G.O.TIF 527,000 Interest Only
201 46300-Oi 710.2 2/1/96 Pymt-1988A G.O.TIF 5127,000 Principal&Interest
201 46300-Ol 710.3 8/1/95 Pymt-1992E G.O.Bldgs 511,000 Interest Only
201 46300-Ol 710.4 2/1/96 Pymt-1992E G.O.Bldgs 5106,000 Principal&Interest
201 46300-Ol 720 Transfers 550,000 SS0,000 SO SO
PAGE TOTALS 3310,785 S1,236,863 5712,652 Sd96,140
DEPARTMENTTOTALS 5310,785 51,236,863 �712,662 S�i96,140