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REQUEST FOR COUNCIL ACTION <br />COUNCIL MEETING <br />MAY 0 6 2000 <br />cn y <br />DATE: May 5.2000 <br />ITEM NO: <br />Department Approval: <br />Name Tom Kuehn <br />Title Finance Director <br />Administrator Reviewed:Agenda Section: <br />City Administrator’s <br />Report <br />Item Description: 1999 General and Special Revenue Funds Budget Amendments and <br />Temporary Transfer from the Sewer Operating Fund to the 1997 Sewer Construction Fund. <br />General Fund Budget Amendments <br />The total General Fund revenues for 1999 are $4,164,285, compared to the total expenditures <br />of $3,906,079. Total revenues e.xceeded total expenditures by $258,206. <br />1. General Fund Revenues <br />The year-end revenue for the General Fund is $4,164,285, compared to the budget of <br />$3,803,080, a favorable variance of $363,205. There are several revenue sources which <br />exceed the budget by significant amounts, and should be adjusted to match the expenditure <br />areas that generate or use those revenues. The revenue budget amendments total $155,000, <br />and affect the revenue sources as shown below. After the amendments the General Fund <br />revenue budget will be $3,958,080, and the actual revenue will exceed the amended budget <br />by $206,205. (Please note that only the revenue items with budget amendments are listed, <br />and those items only add up to the total indicated at the bottom of the "Amendment" <br />column). <br />Revenue Source Original Amendment <br />Final Amended <br />Budget <br />Building Permits $ 189,000 $ 50,000 $ 239,000 <br />Plan Check/Site Exam Fees 100,000 30,000 130,000 <br />Conditional Use/Subd Fees 35,000 10,000 45,000 <br />Contracted Inspection Serv 20,000 15,000 35,000 <br />Police Special Services 27,000 20,000 47,000 <br />lntere*'» on Investm jnts 70.000 30.000 100.000 <br />Total General Fund $ 3.803.080 $ 155.000 $ 3.958.080 <br />2. General Fund Expenditures <br />The General Fund operating expenditures at year end are $3,906,079, compared to the budget <br />of $3,952,260, or $46,181 under budget. The adopted budget of $3,850,340 was increased <br />by Council approved amendments totaling $101 920. Although the total expenditures are <br />less than the total budget, there are several d*"r i. tments which require amendments to their <br />expenditure budgets. <br />4 <br />■ ■irt.kv-irvrtn*JX la rMb ii III