05-08-2000 Council Packet - Laserfiche WebLink

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Notes: In April, 1999 Council approved a budget amendment for certain equipment as requested by Long Lake. The amendment currently required is for equipment purchased in 1999 for the pick up truck covered in the 1998 budget. The 1998 budget was adjusted only for the truck and did not include an amount for the equipment. In October, 1999 Council approved a budget amendment in the amount of $51,080 for the purchase of the Govern Land Management System. The actual expenditures during 1999 were $13,850, with the major portion of the costs incurred in 2000; therefore, $37,000 should be carried over to the 2000 budget. (c) As part of the agreement with Hennepin County for assessing services, the City is to provide office space and certain equipment, which was not included in the adopted budget. The amendments are required because revenues and expenditures are not budgeted during the normal budget process. The fund is subject to uneven revenue and expenditures from year to year. The expenditures for 1999 were for costs incurred prior to sale of confiscated property. Temnoran' Transfer from the Sewer Operating Fund to the 1997 Sewer Construction Fund The 1997 Sewer Construction Fund currently has a deficit of $61,750 which requires temporary funding. It is recommended that the Sewer Operating Fund provide a temporary transfer. COUNCIL ACTION REQUESTED: Approval of the 1999 budget amendments for the General and Special Revenue Funds as presented; to be effective December 31, 1999; and that $37,000 of the Improvement and Fquipmenl Capital Outlay Fund budget amended on 10/25/99, for the land management system project, be transferred to the 2000 Improvement and Equipment Outlay Budget.; and that the Sewer Operating Fund temporarily transfer $62,000 to the 1997 Sewer Construction Fund.