|
council L '- CTf 'C
<br />MAY 1 1 1998
<br />REQUEST FOR COUNCIL ACTION
<br />ClTV'Or ORONO
<br />DATE: May 11, 1998
<br />ITEM NO: / 5^
<br />Department Approval:
<br />Name Ron Moorse
<br />Title City Administrator
<br />Administrator Reviewed:Agenda Section:
<br />City Administrator's
<br />Report
<br />Item Description: 1997 General and Special Revenue Funds Budget Amendments, and
<br />Capital Projects Funds Cash Advance
<br />General Fund Budget Amendments
<br />The total General Fimd revenues for 1997 are $3,717,917, compared to the total
<br />expenditures of $3,489,896. Total revenues exceeded total expenditures by $228,021.
<br />The year-end revenue for the General Fund is $3,717,917, compared to the budget of
<br />$3,447,605, a favorable variance of $270,312. Part of the variance is due to certain items
<br />which were not included in the original budget. Those items include the federal grant for
<br />an . .Iditional police officer, $30,000; and state grants or aids for increased PERA
<br />expense, $3,610, and snow removal aid, $9,625. The 1997 General Fund revenue budget
<br />should be amended to reflect these additional revenues. After the amendment the revenue
<br />budget will be $3,490,840, and the actu'’! revenue will exceed the amended budget by
<br />$227,077.
<br />*
<br />The General Fund operating expenditures at year end are $3,489,896, compared to the
<br />budget of $3,447,605, or $42,291 over budget. The majority of the items causing the
<br />expenditure overages were specifically approved by the City Council, and/or were offset
<br />by revenues in excess of budgeted amounts.
<br />The following is a listing of those departments which require budget amendments due to
<br />expenditures exceeding budgeted amounts, and those departments with expenditures
<br />significantly below budgeted amounts.
<br />Department Original Amendment Amended Budget
<br />City Council $ 51,970 $ 410 $ 52,380
<br />Administration 197,295 3,410 200,705
<br />Elections 20 510 530
<br />Assessing 78,065 690 78,755
<br />Legal 97,700 (14,950)82,750
<br />Human Services 16,155 (2,100)14,055
<br />Central Services 168,430 •14,400 182,830
|