HomeMy WebLinkAboutItem 06.kDate June 18, 2012
Item No.
Acknowledge Receipt of ALF 2013 Budget
Proposed Action
Staff recommends adoption of the following motion: Mov_e acknowledge rec of the ALF
2013 Budget.
Passage of this motion will result in approval of the ALF budget.
Overview
The Joint Powers Agreement states "On or before July I of each year, the annual operating
budget for the following calendar year as recommended by the Board shall be submitted to each
member City Council for approval or disapproval." The ALF Board, at its May 30 meeting,
recommended City Council approval of the attached budget. Please forward the proposed ALF
budget to the City Council for their approval or disapproval.
A cash distribution of $100,000 is proposed for 2013
distribution is $39,628.
Primary Issues to Consider
_Supporting Information
• ALF budget.
v`
Dei is e r, Finance irector
The City of Lakeville share of the
Financial Impact: $39,628 cash distribution in 2012 to Lakevi Budgeted: Yes
Source: N.A.
Related Documents:
Notes:
Statement of Cash Flows
2013 .
Proposed
Additions
Collections of receivables $ 10,000
Townships 1,500
Interest on investments 100
Total additions 11,600
Deductions
Expenses
Collection services
5,900
Insurance
938
Other
1,000
Capital outlay acquisitions
-
Total deductions
7,838
Net changes in cash before distributions
3,762
Distribution of cash
Apple Valley 48,710
Lakeville 39,628
Farmington 11,662
Total distribution of cash 100,000
Net changes in cash position (96,238)