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Fund-S20,699 <br />3. annual transfer to Building Outlay Fund-S20,000 <br />1 annual contribution to Improvement and Equipment <br />Outlay Fund for equipment replan:iment due to <br />deprecib�:lon of certain general fi-ed assets-519,737 <br />T.v purpose of the transfers to the Improvement and Equipment Cttlay <br />fund is to grov.de fu+.ding for the purchase of capital outlay <br />requi.emen�s. By contributir �o the equipment replacement annually <br />(depreciation) the peaks and valleys of capital outla-,• re-. trements <br />are reduced corsiderably for each department. For instance, in the <br />`995 proposed budget we have 519,737 allocated to transfer to the <br />Improvement end Equipment Outlay Fund for future replacement needs. <br />However, the 1983 capitei outlay requests, now budgeted n the <br />Improvement and Equipment f Fund, total 561,605. By shifting <br />t.l capital outlay requests t. ne Improvement and Equipment Outlay <br />Fund, the General Fund budj_t has saved 'JI1,868 (561,605 less <br />519, <br />SPECIAL REVENUE FUNDS <br />PARR FUND - For the year 1985 we have added a budget for the Park Fund. <br />The Park Fund, establised in 1974 and amended in 1976 and 1981, is to <br />receive all contributions (park dedication fees) received from <br />subdivisions in lieu of conveyance or dedication of land for parks, <br />pla)grounds, and other public purposes. Expenditure of these park <br />dedication fees is to be only for the acquisition, develipment, or <br />maintenance of public parks, playgrounds, storm sewer hclding areas, <br />and debt retirement in connection w'th land previously acquired for <br />such public purpose:,. <br />As of JacJary 1, 1991, we had $199,087 in the >ark Fund. Estimated <br />re%eruee frr 1984are $12,859 and estimated eypend:tures a:e S)9,810, <br />leaving an estimated balance at January 1, 1903, of 1103,137. we <br />project the 1985 revenues to be 515,000 in < dedication fees and <br />interest on investments. The 1985 budget request is $6,300for docks <br />at the various like accesses and a water hydrant at Antoine Park. <br />IMPROVEMENT AND EQUIPMENT OUTLAY FUND - This fund was created in ! )73 <br />and has been used to provide loads co the General Fund departments for <br />capital notlay purchases. In 1984 we b•.,gan us:ig this fund for <br />equipme.t replacement as well as for new additions. Funding, in the <br />form of on annual transfer for new equipment and an annual equipment <br />replacement, of depreciation transfer, comes from the Generai Fund. <br />Ao new loans are expected to be made. Federal Revenue Sharing has also <br />been used to provide funding. All General Fund capital outlay is <br />budgeted In this fund and purchased through this fund except the pol ice <br />0­oartment. The police department capital outlay is itemized in the <br />General Fund, within the Vol ice department budget. This is necessary <br />because of the r:oat allocation formula of the police services contract <br />with long Lake, Minneto•,ka Beach, and Spring Park. <br />