03-24-1997 Council Packet - Laserfiche WebLink

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A. Operating Expenditures-Continued Professional Services ^\ithin the Building & Zoning Department exceeded its budget by approximately $2,500. This was a result of the transfer of paper documents to Microfiche. This process is typically done throughout the year, and it is difficult to estimate costs. No budget adjustment will be necessaiy. The Building & Zoning Department recognized savings in other areas to offset the Professional Services budget overrun. * The Supplies & Maintenance budget within the Parks & Recreation Department exceeded its budget. The contracting of trash services at the City's Parks are paid from this area, but were not budgeted for. This has been changed in the 1997 budget. No budget adjustments will be necessary for 1996. Savings in other areas within the Department have been realized. The Personal Services budget within the Special Services Department exceeded its budget by $2,820. This was due to additional contracted police security work. The additional expenditures were offset by additional revenues. Professional Services also exceeded the budget, however this was also offset by additional revenues. A budget reallocation in the amount of $4,650 from the Contingency Area will be recommended. * The Special Projects and Contingency Department includes an $11,000 expenditure for a video surveillance system in the Police Department. This item w'ds paid for usirig drug forfeiture funds which are held in the General Fund. Expenditures related to norma! General Fund operating activities were under budget by $97,766. B. Capital Expenditures & Transfers Total General Fund expenditures include a $259,100 expenditure for the purchase of the Hennepin County Library Property. This expenditure was paid out of General Fund reserves as approved by Council. Approximately $100,000 of the costs related to this purchase will be recouped from the planned sale of a city-owned parcel adjacent to McCulley Road. General Fund expenditures also include a planned $100,000 transfer to the PIR Fund for storm w'ater management. General Fund Reserves The preliminary (unaudited) figures indicate that the 1996 General Fund Reserves will decrease by $136,453. Although revenues exceeded the budgeted amount by $124,888 and operating expenditures were $97,766 under the budgeted amount, this $222,654 operating surplus was offset by the purchase of the library property , and the transfer of $100,000 of General Fund reser\'es to the PIR Fund for stormwater management.