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HomeMy WebLinkAbout4.p. Budget AmendmentsEXECUTIVE SUMMARY FOR ACTION CITY COUNCIL MEETING DATE: December 17, 1991 AGENDA ITEM: AGENDA SECTION: Budget Amendments Consent PREPARED BY: Jeff May, Finance Director AGENDAi ltm It 4 ff ATTACHMENTS: Resolution, Memo with Specific APPROVED BY: Line Item Amendments This item is on the agenda for your consideration in amending revenue and expenditure accounts for the General Fund. The revenue accounts are the Donation account, 101-36230-00-000, and the Other Revenue account, 101-36260-00-000. The expenditure accounts are from the Police Department, the Fire Department and the Park & Rec Department. The amendments to the revenues and the expenditures equal each other, keeping our budgeted totals in balance. The amendments to the revenue accounts reflectdonationsreceived during the year and old Fire Department air tanks sold to outside people. The amendments to the expenditure accounts reflect expenditures made by the three departments that were not budgeted by the departments, but rather spent by them taking into consideration the unexpected revenues. Also for your consideration are amendments to the CIP Fund budget. These amendments are for expenditures that council authorized in May and June of this year. The amendments to the expenditure budget would allow the budget to more clearly reflect its status. The detailed line by line description of the amendments to be made is attached. RECOMMENDED ACTION: Motion to adopt a resolution approving the amendments to the General Fund Revenues and Expenditures and the amendments to the CIP Fund Expenditures as outlined in the attached memo to Council. COUNCIL ACTION: CITY OF ROSEMOUNT DAKOTA COUNTY, MINNESOTA RESOLUTION 1991 - A RESOLUTION APPROVING THE AMENDMENT OF CERTAIN 1991 BUDGET ITEMS WHEREAS, the City Council recognizes the need to amend certain items from the 1991 Operating Budget and 1991 Capital Improvements Budget, the totals which are as follows: (1) General operating revenues, the total which reflects an increase of $11,703.00; (2) General operating expenditures, the total which reflects an increase of $11,703.00; and (3) Capital Improvements expenditures, the total which reflects an increase of $19,600.00. NOW, THEREFORE, BE IT RESOLVED.. that the City Council of the City of Rosemount hereby approves the amendment of the above listed budget items for the 1991 General Budget and the 1991 Capital Improvements Budget. ADOPTED this 17th day of December, 1991. Vernon J. Napper, Mayor ATTEST: Susan M. Walsh, City Clerk Motion by: Seconded by: Voted in favor: - Voted Against: DATE: December 12, 1991 TO: Mayor Napper Council Members Klassen, Oxborough, Willcox & Wippermann FROM: Jeff May, Finance Director SUBJECT: Budget Amendments This is a request to amend both the revenue and expenditure budgets for the General Fund, and also the expenditure budget for the CIP Fund. This request is to acknowledge donations taken in during the year, sales of old oxygen tanks, and expenditures that were made as a result of these unplanned revenues for the General Fund. The CIP Fund amendments are to amend the budget for two items that Council authorized expenditures for in May and June of this year. First, I would like to summarize the budget amendments to the General Fund(Fund 101) and the CIP Fund(Fund 202) that we are proposing, and then show line by line the actual changes to be made(for your information). GENERAL FUND Revenues: Increase Donations Account $ 8,403.00 Increase .Other Revenue Account 3,300.00 ------------ Net Increase in Total Revenues $11-,703.00 Expenditures: Increase Police(D.A.R.E. & Jaycees) $ 2,150.00 Increase Fire(Various Donations) 8,303.00 Increase P & R(K.C.'s, Lep Days Comm) 1,250.00 Net Increase in Total Expenditures $11,703.00 CIP FUND Expenditures: Increase for CIP Program $ 9,600.00 Increase for PC Purchases 10,000.00 ------------ Net Increase in Total Expenditures $19,600.00 Page 2 GENERAL FUND DETAIL Detail for Revenues: 101-36230-00-000 101-36260-00-000 Detail for Expenditures: 101-42110-01-208 101-42210-01-580 101-45100-01-315 $ 8,403.00 3,300.00 $ 2,150.00 8,303.00 1,250.00 The Police Department purchased Alco -Sensors worth $1,600.00 with money donated to them from the Rosemount Jaycees and $550.00 worth of supplies for the D.A.R.E. program given to them from various local organizations. The Fire Department purchased a hurst tool, a chain for the hurst tool, a car telephone, a new PC, SCBA equipment, and a portable resuscitator from donations they received throughout the year from various local organizations. The Park & Rec Department used money received from the Leprechaun Days Committee and the Knights of Columbus to help pay for bands that performed during Leprechaun Days and for costs associated with the Halloween program. CIP FUND DETAIL Detail for Expenditures: 202-49002-01-587 202-49002-01-588 $ 9,600.00 10,000.00 Council approved expenditures for the development of a computerized CIP planning program that our financial consultants, Springsted, Inc., are working withuson. Council also approved expenditures for 6 new PC's and 3 new printers. These amendments to the CIP budget would reflect those authorizations.