05-12-2003 Council Packet - Laserfiche WebLink

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Parks and Recreation The amendment is to fund higher than anticipated costs particularly in the areas of equipment maintenance, buildings and grounds maintenance, and personnel costs. Special Services The amendment to the police portion is required to fund greater than anticipated costs for police personnel provided for security purposes for area businesses, the airports and large local private gatherings. These costs are offset by revenues collected for providing this service. The amendment to the land use portion is required to fund greater than anticipated costs for engineering and legal services associated with land use applications. These costs are reimbursable from the applicants to the extent they exceed the application fees collected. Special Projects and Contingency The contingency account was not used to the full extent and there were several special projects during the year for which separate funding was provided. As a result there is $33,350 available to offset a like amount of increases in other departments. Police Protection At the December Council meeting the police requested authorization to carryover up to $10,500 from the 2002 police department budget to the 2003 police department budget for the purpose of funding certain capital and replacement capital items, to the extent such funds might be available. There is sufficient surplus in the police budget to provide for the amount requested. Special Revenue Funds Budget Amendments The Special Revenue Funds consist of the Park Fund, the Improvement and Equipment Outlay Fund, the Community Investment Fund, the Drug/Felony Forfeiture Fund, and the Affordable Housing Grant/Loan Fund. During the year os expenditures from the Special Revenue Funds which required budget amendments were presented to Council, it was standard practice to include a request for a formal budget adjustment. fhe revenue budgets of the Special Revenue Funds should be adjusted to reflect higher than anticipated revenues, as follows: Park Fund no revenue budget increases are required. Improvement and Capital Outlay Fund no revenue budget increases are required. Community Investment Fund This fund requires adjustment for investment income with a decrease of $39,100, and an adjustment for transfers in with an increase of $425,000. The decrease in investment earnings is a result of the continued erosion of investment interest rates. The transfer in of $425,000 is Orono’s share of the first portion of unused funds from the Orono/Long Lake joint fire station project.