07-27-1998 Council Packet - Laserfiche WebLink

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CITY OF ORONO, MINNESOTA Notes to Financial Statements (continued) December 31, 1997 NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Recycling - The budget was decreased to reflect lower costs for the Spring and Fall clean-up programs. Engineering - The budget was decreased to reflect the decrease in general engineering services from outside consultants. Special Services - consuiting/police - The budget was increased for higher than anticipated police special duty assignments and engineering services related to development activity. Contingency - The budget was decreased to reflect the unused portion of the current year contingency amount. Operating Transfer Out - The budget was decreased to reflect the actual transfer to the Improvement and Equipment Capital Outlay Special Revenue Fund. Special Revenue Funds Expenditures Park Fund Net Adopted Budget Amended Budget Amendment Budget Capital outlay Improvement and Equipment Capital Outlay Fund Capital outlay Building Capital Outlay Fund Capital outlay Drug and Felony Forfeiture Fund Miscellaneous $ 109,000 $ 108,976 $ 217,976 146,040 32.240 178,280 9,800 6,295 16,095 810 810 The expenditure budget amendments in the Special Revenue Funds were for the following purposes: Park Fund - The budget was increased to provide for additional costs related to the Old Crystal Bay Road Bike/Hike trail. Improvement and Equipment Capital Outlay Fund •* The budget was increased to provide for City of Long Lake reimbursement for Orono’s share of a new fire rescue vehicle. Building Capital Outlay Fund - The budget was increased to provide for additional costs related to an entrance canopy at the Public Works building and safety improvements for fuel tanks. Drug and Felony Forfeiture Fund - The budget was increased to provide for costs related to drug and felony forfeitures. -33- • 1 J