07-26-1999 Council Packet - Laserfiche WebLink

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To the City Council and Citizens of the City of Orono May 14, 1999 General Government increases were in the mayor and council department for membership costs, in the administration department for personal service costs, in the elections department due to 1998 being an election year, contracted costs in the assessing department, the legal department consulting costs in addition to charges for contracted jail service with the coun.y, and in the central services department insurance costs and operating supplies costs. Public Safety major components were; police department personal service costs increased $30,249; police department net capital outlay increased $17,200; contracted fire protection services increased $15,001; animal control department personal services costs increased $19,846; while the protective inspection and zoning department personal service costs reflected a decreased $18,358. Miscellaneous expenditures increase was a result of significantly higher than normal levels of special police and consulting services. Special Revenue Funds Special Revenue Funds are used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specific purposes, including current operating expenses and capital outlay. Park Fujs ^ The Park Fund was created by Ordinance of the City Council to receive contributions for subdivisions in lieu of conveyance or dedication of land for parks, playgrounds, and other public purposes. Such contributions, termed park dedication fees, are to be used for the acquisition, development, or maintenance of public parks, playgrounds, surface water holding areas (ponding areas), and debt retirement in connection with land previously acquired for such public purposes. The fund balance as of December 31, 1998 was $196,762. Improvement and Equipment Capital Outlay Fund The Improvement and Equipment Capital Outlay Fund was established by resolution of the City council to provide a source of funds for equipment purchases and improvements previously included in the General Fund budget, and thus level out the peak and valley effect of capital outlay expenditures within the General Fund budget. The fimd was established by a transfer from the General Fu'>d and is maintained by annual budgeted transfers from the General Fund, by investment earnings, and by user charges to participating departments for certain office equipment. The fund balance as of December 31, 1998 was ^20,125. Building Capital Outlay Fund The Building Capital Outlay Fund was established to receive annual budgeted transfers from the General Fund for the purpose of reducing the need for future bonding of non-Enterprise building facilities. -8- n I