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• • • <br />N.-’V ■Kf : <br />; •'■- ■ <br />^7^ <br />J'^^- ■’"" ■■ <br />m <br />it®’ <br />{i»‘..-m <br />[b?.4- <br />■■dfi <br />;|ft> <br />. t <br />)L' <br />.-■4- <br />j. <br />42192.1 <br />TO: <br />FROH: <br />DATE: <br />Ron Moorse, City Administrator <br />Tom Kuehn, Finance Director <br />April 17, 1992 <br />SUBJECT: Adjustments to 1991 Adopted Budgets <br />ISSUE - Request for approval and authorization by Council to <br />amend the 1991 departmental and fund budgets as reflected in the <br />following discussion. <br />DISCUSSION - A review is made at year end of the General and <br />Special Revenue Funds to determine the need for amendments to the <br />respective budgets of each department or fund. Preliminary <br />results indicate the 1991 General ^ nd expenditures are <br />approximately $135,620 or 4.5% under budget (before amendment for <br />the 1991 squad cars purchased in 1990); while the 1991 General <br />Fund revenues are estimated to be $192,700 or 6.3% under budget. <br />■ptiQ result is that the General Fund has a net unfavorable <br />variance of $57,080 ($135,620 under expended less $192,700 <br />reduced collections). This results in a decrease or use of fund <br />balance in the amount of $57,080. <br />The revenue shortfall of $192,700 ir comprised primarily of the <br />following sources being under budget: building and general <br />permits, conditional use-var iances-plan chec)< fees and amounts <br />rebilled to developers, court fines, interest income, real <br />estate taxes, police service contracts and transfers from other <br />funds. <br />- Building permits - general permits - variances - etc. <br />decrease due to housing and construction downturn. <br />Court fines - down due partly from decrease in tickets <br />issued 1,869 in 1990; 1,426 in 1991; 24% decrease <br />(but tickets issued in TAB form starting about mid <br />1990) and reduced amount of fines being imposed. <br />Interest down due to steady decline in rates of <br />return. <br />- Real estate taxes under collected 2.2% 1991 vs. 1.4% <br />under collected 1990. <br />Police service contracts shortfall due to application <br />of net 1990 credits applied to 1991 billings, $10,518; <br />write off of 1/2 prior year debit due from Long Lake <br />of $6,704 and reduction of service request by Long <br />Lake $4,276. <br />f'’'Mfe'.. ,