HomeMy WebLinkAbout6.e. Budget Assigments
EXECUTIVE SUMMARY
City Council Meeting Date: February 16, 2021
AGENDA ITEM: Budget Assignments AGENDA SECTION:
Consent
PREPARED BY: Jeff May, Finance Director AGENDA NO. 6.e.
ATTACHMENTS: Resolution and 2020 Assignment Journal
Entries APPROVED BY: LJM
RECOMMENDED ACTION: Motion to adopt a Resolution Approving the Assignment of
Certain 2020 Budget Items to 2021.
BACKGROUND
This item is on the agenda for consideration of the approval of the proposed year-end assignment items
for the General Fund, Building CIP Fund, Street CIP Fund and the Equipment CIP Fund. The attached
journal entry worksheet summarizes the reasons for the assignment requests. Assignments are typically
made for items unspent in one year that can be carried forward (“assigned”) to future years.
Examples of items that have assignments are: (1) multi-year programs like the Government Buildings
Repairs & Maintenance account and the Parks Maintenance Repairs & Maintenance account; (2) items or
projects that are not completed in the previous year that require the budgeted funding to be carried
forward; and (3) upcoming one-time expenditures to be made with unused funds from the previous years.
Once completed, staff will return to the Council in March with a recommendation on reallocation of any
budget surplus from the 2020 Budget.
RECOMMENDATION
Staff is recommending that the City Council adopt the attached resolution assigning the listed items from
2020 forward to 2021.
CITY OF ROSEMOUNT
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2021 -
A RESOLUTION APPROVING THE ASSIGNMENT OF
CERTAIN 2020 BUDGET ITEMS TO 2021
WHEREAS, the City Council recognizes the need to carry forward to 2021 certain
balances from the 2020 General Fund Operating Budget, the 2020 Building CIP Budget,
the 2020 Street CIP Budget and the 2020 Equipment CIP Budget, which are
summarized as follows:
(1) General Fund items that total an amount of $1,352,800.00;
(2) Building CIP items that total an amount of $185,200;
(3) Street CIP items that total an amount of $125,000;
(3) Equipment CIP items that total an amount of $136,600.00;
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Rosemount
hereby approves the assignment of the above listed account items from the 2020
budgets to 2021.
ADOPTED this 16th day of February, 2021.
_____________________________
William H. Droste, Mayor
ATTEST:
__________________________
Erin Fasbender, City Clerk
2020 Assignment General Journal Entries
101-41110-01-307.03 16,000.00 Future Community Survey
101-24450 16,000.00
To assign excess 2020 funds for a future community survey
101-41110-01-598.00 80,000.00
101-24406 30,000.00 Retail Visioning Project
101-24411 50,000.00 Comp & Benefit Study
To assign excess 2020 Council Designated funds for special projects
101-41910-01-202.00 5,000.00 Comp Guide Plan Copying Costs
101-24427 5,000.00
To assign excess 2020 funds not spent for Comp Guide Plan copying costs
101-41940-01-530.00 450,000.00 Government Buildings Long-Term Repair & Maintenance
101-24429 450,000.00
To assign excess 2020 funds not spent for future Government Buildings long-term repair and maintenance costs
101-43121-01-216.00 25,000.00 Chemicals & Chemical Products
101-24452 25,000.00
To assign excess 2020 funds for a future streets chemical costs
101-43121-01-402.00 312,000.00 Parking Lot Maintenance
101-24454 312,000.00
To assign excess 2020 funds not spent for future Parking Lot Maintenance long-term repair & maintenance costs
101-45202-01-225.01 1,900.00 Fence in Central Park
101-45202-01-319.02 6,000.00 Fence in Central Park
101-24463 7,900.00
To assign excess 2020 funds not spent for fence in Central Park
101-45202-01-403.01 6,900.00 Parks Irrigation Improvements
101-24461 6,900.00
To assign excess 2020 funds not spent for Parks irrigation improvements
101-45202-01-530.00 450,000.00 Parks Maintenance Long-Term Repair & Maintenance
101-24430 450,000.00
To assign excess 2020 funds not spent for future Parks Maintenance long-term repair & maintenance costs
202-49002-01-530.00 15,000.00 Covered Dugouts-Bloomfield
202-24440 15,000.00
202-49002-01-531.00 10,200.00 Steeple Center Roof
202-24434 10,200.00
202-49002-01-532.00 150,000.00 Community Center / Armory Remodel
202-24441 150,000.00
202-49002-01-533.00 10,000.00 Umore Ballfield Design Project
202-24442 10,000.00
To assign 2020 Building CIP funds forward to 2021 for delayed projects
203-49003-01-532.00 125,000.00 Pedestrian Improvements
203-24433 125,000.00
To assign 2020 Street CIP funds forward to 2021 for Pedestrian Improvements L/T repair & maintenance costs
207-49007-01-541.00 116,000.00 Final Dump Truck Expenses
207-24465 116,000.00
207-49007-01-575.00 10,000.00 Carbine Replacements
207-24485 10,000.00
207-49007-01-576.00 3,600.00 Squad Set Up Expenses
207-24487 3,600.00
207-49007-01-587.00 7,000.00 P & R Surveillance Cameras Project
207-24491 7,000.00
To assign 2020 Equipment CIP funds forward to 2021 for delayed purchases / projects
2019 Excess General Fund Assignment General Journal Entry
101-41110-01-598.00 50,000.00
101-24462 50,000.00 Economic Development Projects
To assign excess 2019 General Funds forward for Economic Development opportunities / projects
202-49002-01-510.00 169,000.00
202-24444 169,000.00 Indoor Recreation Facility
To assign excess 2019 Building CIP Funds forward for a future indoor recreation facility