04-14-1997 Council Packet - Laserfiche WebLink

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REQUEST FOR COUNCIL ACTION ^ 4 i3sr c/rvop, DATE: April 10,1997 ITEM NO ■ n Department Approval: Name Ron Moorse Title City Administrator Administrator Reviewed: Agenda Section: City Administrator's Report Item Description: 1996 General and Special Revenue Funds Budget Amendments, and Capital Projects Funds Cash Advance General Fund Budget Amendments As noted in the preliminary year-end revenue and expenditure report submitted at the March 24th Council meeting, the actual revenues of the General Fund exceeded the budgeted revenues and the operating related expenditures were less than the budgeted expenditures. In addition, as part of the close-out of the Stubbs Bay Sewer Construction Fund the General Fund received a transfer-in of $32,100, effective December 31, 1996, for reimbursement of general administrative charges. This results in the total 1996 General Fund revenues exceeding budget projections by $157,000. The General Fund operating expenditures are under budget on the whole, however, as noted in the March 24th report there are some budget amendments required. These amendments are listed in the table below. In addition to the operating expenditures, there were two approved capital expenditures from the General Fund that require budget amendments. These were the $100,000 transfer to the PIR Fund for storm water management, and the expenditure of $250,000 for the purchase of the Hennepin County (library) property at the northeast comer of Highway 12 and Old Ciy ’stal Bay Road. A listing of the requested budget amendment amounts is as follows: Denartment Original Amendment Amended But Administration $ 185,715 $ 3,500 $ 189,215 Finance 147,930 1,100 149,030 Assessing 76,160 840 77,000 Fire Protection 197,465 1,260 198,725 Engineering 15,130 915 16,045 Special Services 41,850 4,650 46,500 Contingency 176,170 350,000 513,905 (12,265) Net amendments • < $ 350.000.