HomeMy WebLinkAbout6.f. Budget Amendments
EXECUTIVE SUMMARY
City Council Regular Meeting: July 5, 2017
AGENDA ITEM: Budget Amendments AGENDA SECTION:
Consent
PREPARED BY: Jeff May, Finance Director AGENDA NO. 6.f.
ATTACHMENTS: Council Memo, Resolution, Donation
Worksheets & Supporting Documents APPROVED BY: LJM
RECOMMENDED ACTION: Motion to adopt A Resolution Approving the Amendment of
Certain 2017 Budget Items.
ISSUE
Amend the General Fund budget to reflect donations expended during the 2nd quarter of 2017 and to the
Council Department budget to acknowledge an additional $25,500 that was received as a payment in lieu
of tree planting for a Flint Hills project. These funds will be used for future tree/landscaping projects.
BACKGROUND
This item is on the agenda for Council to formally amend the 2017 General Fund budget by resolution for
donation items that Council had previously authorized covering expenditures made during the second
quarter of 2017 and for the additional revenues received for future tree/landscaping projects from Flint
Hills.
Rather than bringing a resolution before the Council each time there is a need to spend money from
donations previously received, we have developed procedures that allow us to have you authorize the
expenditure and amend the budgets at the time the expenditure is made and then periodically bring to you
a resolution that formally amends the budgets for a number of these donation expenditures. The attached
memo and donation worksheets support the figures given in the resolution.
SUMMARY
Recommend the above motion to approve the budget amendments for the 2nd quarter of 2017.
MEMORANDUM
To: Mayor Droste
Council Members DeBettignies, Freske, Nelson & Weisensel
From: Jeff May, Finance Director
Date: June 23, 2017
Subject: Budget Amendments
This is a request to amend both the revenue and expenditure budgets for the General Fund for
expenditures of donations previously received. The General Fund will also have an amendment to
the Council Department budget to acknowledge an additional $25,500 that was received as a
payment in lieu of tree planting for a Flint Hills project. These funds will be used for future
tree/landscaping projects. This memo is to show the line by line detail of the actual changes to be
made to the budgets, of which the totals are summarized in the Resolution before you.
GENERAL FUND DETAIL
Detail for Revenues:
101-36230.00 (Donations) $ 4,856.46
101-36262.00 (Special Settlements) 25,500.00
-----------------
Total Revenues $ 30,356.46
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Detail for Expenditures:
101-41110-01-226.00 (Tree/Landscaping Settlements) $ 25,500.00
101-42110-01-208.02 (Equipment Donations/Forfeitures) 1,700.00
101-45100-01-439.00 (Other Miscellaneous Charges) 3,156.46
-----------------
Total Expenditures $ 30,356.46
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CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2017 -
A RESOLUTION APPROVING THE AMENDMENT OF
CERTAIN 2017 BUDGET ITEMS
WHEREAS, the City Council recognizes the need to amend certain items from the 2017 General
Fund Operating Budget, the totals which are as follows:
(1) General operating revenues, the total which reflects an increase of $30,356.46;
(2) General operating expenditures, the total which reflects an increase of $30,356.46;
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 2017 General Fund
Operating Budget.
ADOPTED this 5th day of July, 2017.
_____________________________
William H. Droste, Mayor
ATTEST:
__________________________
Clarissa Hadler, City Clerk