07-08-1985 Council Packet - Laserfiche WebLink

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tip ETING 81?;5 TO: Mark Bernhardson, City Administrator FROM: Tom Kuehn, Finance Director DATE: July 2, 1985 SUBJECT: Mid Year Budget Adjustments - General Fund Contingency For 1985 the City Council approved $20,000 for the General Fund Contingency account. Through June 30, 1985, we have expended $4,635 from the Contingency account for payment of the comparable worth study. This non -budgeted expenditure was approved at the Council meeting of January 14, 1985, by Resolution 1722, although it was not specified that it be paid from the Contingency account. In order to complete the , itract buy out from Mr. Benson we need to appropriate $13,400 from the Contingency account. This will leave a balance of $1,965 in the Contingency budget. We have requests from the Building and Zoning Department for $500 to complete the plan review table and from the Government Buildings Department for $1,000 to upgrade the Council Chambers to 100 amp service with appropriate wiring additions. Upon approval of these items the balance remaining in the contingency account will be $465. Additional anticipated non -budgeted items for 1985 include amounts for the Highway 12 study by Dahlgren, Shardlow and Uban, Inc. ($15,500) and the compensation study adjustments - amount unknown. To the extent monies are expended for these last two items in 1985 we will need to designate transfers from the General Fund -fund balance (retained earnings from the Operating Funds). To the extent the monies are not required in 1985 we can amend the 1986 budgets. TO: Mayor and City Council f77 FROM: Mark Bernhardson, City Administrator` Forward recommending authorization expenditure of the following from contingency: Comparable Worth Study $ 4,635 Employment Contract Termination 13,400 100 Amp Service 1,000 Plan Table 500 $19,535