HomeMy WebLinkAboutItem 06.n
December 7, 2015 Item No.
Resolution Amending 2015 General Fund Budget
Proposed Action
Staff recommends adoption of the following motion: Move to approve the Resolution
Amending the 2015 General Fund Budget.
Overview
Various events have transpired during the year which requires an adjustment to the 2015
budget for the General Fund. A number of amendments have been approved by the City
Council during the year. Approval of the resolution authorizes the amendment of the budget
to more accurately reflect changes in operations.
Final
Adopted YTD 12/7/2015 Amended
Budget Amended Amendment Budget
Revenues 23,921,678 $ 23,975,243 $ 309,104 $ 24,284,347 $
Expenditures 23,473,601 23,527,166 489,921 24,017,087
Excess (Deficiency) 448,077 448,077 (180,817) 267,260
Other Financing Sources (Uses) 82,935 (802,065) - (802,065)
Net Change in Fund Balance 531,012 (353,988) (180,817) (534,805)
Fund Balance, January 1 9,754,037 11,071,769 - 11,071,769
Fund Balance, December 31 10,285,049 $ 10,717,781 $ (180,817) $ 10,536,964 $
A detailed explanation of the adjustments is attached.
Primary Issues to Consider
• Exhibit A: General Fund
Supporting Information
• Resolution
_________________________
Jerilyn Erickson, Finance Director
Financial Impact: $ See attached_________ budgeted: N/A___ Source: _ Various _
Related Documents (CIP, ERP, etc.): __2015 Budget__________________________________
Notes: ______________________________________________________________________
CITY OF LAKEVILLE
RESOLUTION NO. ________
RESOLUTION AMENDING THE 2015 GENERAL FUND BUDGET
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the 2015 General
Fund budget is hereby amended for the fiscal year ending December 31, 2015 as per Exhibit A, as
attached hereto.
ADOPTED by the Lakeville City Council this 7th day of December, 2015.
CITY OF LAKEVILLE
________________________________
Matt Little, Mayor
ATTEST:
________________________________
Charlene Friedges, City Clerk
EXHIBIT A
2015 2015
Amended Amended
Budget Adjust Budget Notes
Revenues
General property taxes 17,811,502 $ -$ 17,811,502 $
Licenses and permits 1,968,416 78,365 2,046,781 (8)(9)
Intergovernmental 871,255 213,095 1,084,350 (2)(10)
Charges for services 2,939,577 17,644 2,957,221 (4)
Court fines 288,001 - 288,001
Investment income 40,376 - 40,376
Miscellaneous 56,116 - 56,116
Total revenues 23,975,243 309,104 24,284,347
Expenditures
General government
Mayor and Council 97,411 1,293 98,704 (3)
Committees and Commissions 75,575 - 75,575
City administration 414,285 3,130 417,415 (1)
City Clerk 127,401 19,225 146,626 (1)(4)
Legal counsel 82,351 - 82,351
Planning 429,809 5,884 435,693 (1)
Community and econ. development 300,526 3,972 304,498 (1)
Inspections 854,922 88,627 943,549 (1)(8)(9)
General government facilities 433,123 2,820 435,943 (1)
Finance 665,298 41,258 706,556 (1)(5)(6)
Information systems 530,931 4,387 535,318 (1)
Human resources 378,472 55,571 434,043 (1)(6)(7)
Insurance 322,100 - 322,100
Public safety -
Police 9,254,903 240,643 9,495,546 (1)(2)
Fire 1,639,147 33,135 1,672,282 (1)(10)
Public works -
Engineering 712,273 9,408 721,681 (1)
Operations and Maintenance 553,796 6,574 560,370 (1)
Streets 2,994,209 4,298 2,998,507 (1)
Parks and recreation -
Parks 2,388,645 7,381 2,396,026 (1)
Recreation 613,968 23,689 637,657 (1)(11)
Heritage Center 104,516 638 105,154 (1)
Arts Center 448,505 42,988 491,493 (1)(12)
Other 105,000 (105,000) - (3)(5)(7)(11)
Total expenditures 23,527,166 489,921 24,017,087
Excess (deficiency) of revenues
over expenditures 448,077 (180,817) 267,260
Other financing sources (uses)
Transfer from other funds 809,935 - 809,935
Transfer to other funds (1,612,000) - (1,612,000)
Total other financing sources (uses) (802,065) - (802,065)
Net change in fund balance (353,988) (180,817) (534,805)
Fund balance, January 1 11,071,769 11,071,769
Fund balance, December 31 10,717,781 $ 10,536,964 $
2015 GENERAL FUND BUDGET
Exhibit A
(1)Increase departmental personnel services for the 2015 COLA Adjustment.
Expenditures:
Personnel Services 175,188
Decrease in Fund Balance (175,188)
(2)Amend the 2015 Police Department budget for the DUI Officer Grant.
Expenditures:
Personnel Services 76,570
Commodities 7,300
Other Charges and Services 2,330
Other Charges and Services 62,000
Revenues:
Grant 142,571
Decrease in Fund Balance (5,629)
(3)Amend the Mayor and Council Budget to account for the increase in the
League of MN Cities Dues for 2015.
Expenditures:
Other Charges and Services 1,293
Contingency (1,293)
(4)
Amend the City Clerk budget to reflect the cost associated with the
School District Referendum and the offsetting revenue reimbursement.
Expenditures:
Other Charges and Services 17,644
Revenues:
Charges for Services 17,644
G:\Budget\2015 Budget\2015 Budget Amendments\Budget Amendment 12-07-2015 12/3/2015
Exhibit A
(5)Amend the Finance Department personnel services to reflect the leave
hour payout for the retiring Finance Director
Expenditures:
Personnel Services 50,554
Contingency (50,554)
(6) Reclassify the Finance and Human Resources budgets to account for the
Finance Administrative Assistant moving to the Human Resources
Department.
Expenditures:
Personnel Services - HR 17,226
Personnel Services - Finance (17,226)
(7)The Human Resources Department incurred significant professional
services related to various employment related items. Budget to be
amended from Contingency for these services.
Expenditures:
Other Charges and Services 35,000
Contingency (35,000)
(8)
The City Council approved an additional Building Inspector for the
Building Inspections Department to assist with the increased work load
related to building permits. This position was not anticipated in the 2015
Adopted Budget, but can be offset with the increase in permit revenues.
Expenditures:
Personnel Services 58,365
Revenues:
Permits - Building 58,365
G:\Budget\2015 Budget\2015 Budget Amendments\Budget Amendment 12-07-2015 12/3/2015
Exhibit A
(9) Amend the Inspections Department budget to account for the increase
in contractual electrical inspections and the offsetting electrical permit
revenues.
Expenditures:
Other Charges and Services 20,000
Revenues:
Permits - Electrical 20,000
(10)Amend the Fire Department budget for the payment to the Fire Relief
Association for the fire state aid received in excess of budget.
Expenditures:
Personnel Services 28,524
Revenues:
Intergovernmental Revenues 28,524
(11)Amend the Recreation Department personnel services to reflect the leave
hour payout for the retiring Recreation Program Supervisor
Expenditures:
Personnel Services 18,153
Contingency (18,153)
(12)The Arts Center received an "Arts Center Grant" which was not anticipated
in the 2015 Adopted Budget.
Expenditures:
Other Charges and Services 42,000
Revenues:
Intergovernmental Revenues (42,000)
G:\Budget\2015 Budget\2015 Budget Amendments\Budget Amendment 12-07-2015 12/3/2015