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CITY OF ORONO, MINNESOTA
<br />Notes to Financial Statements (continued)
<br />December 31, 1998
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<br />NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
<br />L. Budgets and Budgetary Accounting
<br />Each Fall, after holding a meeting to obtain public comments, the City Council legally adopts the General
<br />Fund and all of the Special Revenue Funds’ budgets for the following fiscal year beginning January 1. These
<br />budgets are adopted on a basis consistent with generally accepted accounting principles (GAAP). The City
<br />has established budgetary control at the department level. City management must request Council approval
<br />before exceeding the budget at that level. City management may transfer appropriations within the
<br />department level without Council approval. Appropriations lapse at year-end; however, the Council may
<br />approve the carryover of specific amounts. Encumbrance accounting is not used.
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<br />Budget amounts presented include amendments to the General Fund and Special Revenue Funds’
<br />appropriations as reflected in the following tables;
<br />Adopted
<br />Budget
<br />Net
<br />Budget
<br />Amendment
<br />Amended
<br />Budget
<br />General Fund Expenditures
<br />Administration $ 209,565 $4,305 $ 213,870
<br />Elections 6,625 535 7,160
<br />Assessing 80,405 2,895 83,300
<br />Finance 160,850 (8,000)152,850
<br />Legal 93,595 15,930 109,525
<br />Human services 16,640 (2,000)14,640
<br />Central services 170,610 24,990 195,600
<br />Police protection 1,386,480 12,200 1,398,680
<br />Fire protection 234,895 1,165 236,060
<br />Animal control 16,220 26,000 42,220
<br />Streets 508,105 (28,000)480,105
<br />Parks and recreation 57,665 (3,800)53,865
<br />Recycling 72,250 (1.400)70,850
<br />Engineering 14,850 (8,200)6,650
<br />Special services - consulting/police 46,475 51,060 97,535
<br />Contingency 67,120 (39,998)27,122
<br />Operating transfer out 95,000 33,338 128,338
<br />Net amendments 81,020
<br />The expenditure budget amendments in the General Fund were for the following purposes:
<br />Administration - The budget was increased to reflect the severance costs related to the
<br />retirement of the City Clerk.
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