The URL can be used to link to this page

Home My WebLink About17-179CITY OF LAKEVILLE RESOLUTION NO. 17-179 RESOLUTION AMENDING THE 2017 GENERAL FUND, ECONOMIC DEVELOPMENT FUND AND EQUIPMENT FUND BUDGETS BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota that the 2017 General Fund budget, 2017 Economic Development Fund budget and the 2017 Equipment Fund Budget are hereby amended for the fiscal year ending December 31, 2017 as per Exhibit A, B and C, as attached hereto. ADOPTED by the Lakeville City Council this 4th day of December 2017. CITY OF LAKEVILLE Douglas . Anderson, Mayor A Charlene Friedges, City Cler Exhibit A 2017 GENERAL FUND BUDGET Expenditures 2017 2017 2017 YTD Final Amended 12/4/2017 Amended Revenues Budget Adjust Budget Notes General property taxes $ 18,833,557 $ - $ 18,833,557 Licenses and permits 2,268,952 72,356 2,341,308 (4) Intergovernmental 1,021,685 17,235 1,038,920 (8) Charges for services 2,666,697 63,757 2,730,454 (3)(7)(9)(10) Court fines 466,000 - 466,000 Investment income 90,071 - 90,071 Miscellaneous 59,401 - 59,401 Total revenues 25,406,363 153,348 25,559,711 Expenditures General government Mayor and Council 101,090 - 101,090 Committees and Commissions 75,660 172500 93,160 (3) City administration 423,147 - 423,147 City Clerk 139,774 - 139,774 Legal counsel 57,000 23,000 80,000 (1) Planning 564,262 - 564,262 Community and econ. development 358,272 - 358,272 Inspections 1,127,584 72,356 1,199,940 (4) General government facilities 529,611 - 529,611 Finance 759,615 - 759,615 Information systems 620,742 - 620,742 Human resources 520,626 - 520,626 Insurance Public 182,180 102,820 285,000 (2) safety Police 10,493,244 - 10,493,244 Fire Public 1,810,311 - 1,810,311 works Engineering 1,005,397 - 1,005,397 Operations and Maintenance 664,477 - 664,477 Streets Parks 3,276,483 - 3,276,483 and recreation Parks 2,541,925 - 2,541,925 Recreation 672,981 (18,020) 654,961 (6) Heritage Center 95,822 28,651 124,473 (6)(7) Arts Center 502,337 52,861 555,198 (8)(9)(10) Total expenditures 26,522,540 279,168 26,801,708 Excess (deficiency) of revenues over expenditures (1,116,177) (125,820) (1,241,997) Other financing sources (uses) Transfer from other funds 782,655 - 782,655 Transfer to other funds (1,826,957) - (1,826,957) Total other financing sources (uses) (1,044,302) - (1,044,302) Net change in fund balance (2,160,479) (125,820) (2,286,299) (1)(2) Fund balance, January 1 14,121,784 954,716 15,076,500 (5) Fund balance, December 31 $ 11,961,305 $ 828,896 $ 12,790,201 Exhibit A (1) Amend legal fees due to changes in the attorney contract and other unanticipated costs. Expenditures: Other Charges and Services 23,000 Revenues: Use of Fund Balance 23,000 (2) Amend the General Fund share of the insurance allocation to the Municipal Reserves Fund. Expenditures: Other Charges and Services 102,820 Revenues: Use of Fund Balance 102,820 (3) Amend the Pan-O-Prog program to reflect the city share of the fire works and increase the contribution from the Pan-O-Prog Committee. Expenditures: Personnel Services 5,476 Other Charges and Services 12,024 Revenues: General Government Services 17,500 (4) Amend the Inspections Department budget to account for the increase in contractual electrical inspections expense and the offsetting electrical permit revenues. Expenditures: Other Charges and Services 72,356 Revenues: Permits - Electrical 72,356 Exhibit A (5) Amend the budgeted (estimated) January 1, 2017 Fund Balance to reflect the actual January 1 Fund Balance. Actual Fund Balance, January 1, 2017 15,076,500 Budgeted Fund Balance, January 1, 2017 14,121,784 Increase Fund Balance, January 1, 2017 954,716 (6) Reclassify the Heritage Center and Recreation budget to account for the Administrative Assistant to be funded 50% of the time by the Heritage Center. Expenditures: Personnel Services - Heritage Center Personnel Services - Recreation 18,020 (18,020) (7) Amend the Heritage Center budget for the increase in Building Attendants' salaries and utility costs resulting from increased facility rentals. Expenditures: Personnel Services 8,631 Other Charges and Services 2,000 Revenue: Charges for Services - Facility Rental 10,631 (8) Amend the art grant expenses funded 100% by grant revenues. Expenditures: Other Charges and Services 17,235 Revenue: Intergovernmental - Art Grant 17,235 Exhibit A (9) Amend arts center facility rentals and resulting increased rental expenses. Expenditures: Other Charges and Services 19,146 Revenue: Charges for Services - Facility Rental (10) Amend various art center program expenses resulting from increased participation. Expenditures: Commodities Other Charges and Services Revenues: Charges for Services - Art Center Program Fees 19,146 280 16,200 16,480 Total Expenses 279,168 Revenues 153,348 Use of FB Reserves 125,820 Total Funding 279,168 Use of FB Test Per above (125,820) Per Gen Summ (125,820) Diff (Should be Zero) - Exhibit B 2017 ECONOMIC DEVELOPMENT FUND BUDGET FaVenditures Other charges and services 12,500 - 12,500 Total Expenditures 12,500 - 12,500 Transfers Transfer to SSB TIF Fund - (9,785) (9,785) (1) Net Change in Fund Balance (9,795) (9,785) (19,580) Fund Balance, January 1 40,980 5,033 46,013 (2) Fund Balance, December 31 $ 31,185 $ (4,752) $ 26,433 2017 2017 Final Adopted 12/4/2017 Amended Budget Adjust Revenues Budget Notes Charges for services $ 2,500 $ - $ 2,500 Investment income 205 - 205 Total Revenues 2,705 - 2,705 FaVenditures Other charges and services 12,500 - 12,500 Total Expenditures 12,500 - 12,500 Transfers Transfer to SSB TIF Fund - (9,785) (9,785) (1) Net Change in Fund Balance (9,795) (9,785) (19,580) Fund Balance, January 1 40,980 5,033 46,013 (2) Fund Balance, December 31 $ 31,185 $ (4,752) $ 26,433 (1) Amend the budget to transfer funds to the SSB TIF to close out the fund. SSB TIF project was discontinued. Costs were incurred over and above the TIF fees collected. Use Economic Development funds to pay these costs. Expenditures: Transfer To TIF Fund Revenues: Use of Fund Balance (2) Adjust the budgeted (estimated) January 1, 2017 Fund Balance to reflect the actual January 1 Fund Balance Actual Fund Balance, January 1, 2017 Budgeted Fund Balance, January 1, 2017 Increase Fund Balance, January 1, 2017 Exhibit B 9,785 9,785 45,013 40,980 5,033 Total Expenses 9,785 Revenues Use of FB Reserves Total Funding 9,785 9,785 Exhibit C 2417 EQUIPMENT FUND BUDGET 2017 2017 Final Amended 12/4/2017 Amended Revenues Budget Adjust Budget Nates General property taxes $ 350,000 $ - $ 350,000 Investment income 33,578 - 33,578 Donations 15,000 - 15,000 Miscellaneous 207,728 - 207,728 Total revenues 606,306 - 606,306 Expenditures - Capital outlay General government 489,685 - 489,685 Public safety Police 241,933 29,351 271,284 (1) (2) Fire 310,843 - 310,843 Public works 816,831 12,000 828,831 (3) Parks and recreation 262,504 - 262,504 Total expenditures 2,121,796 41,351 2,163,147 Excess (deficiency) of revenues over expenditures (1,515,490) (41,351) (1,556,841) Other financing sources,uses) Transfer from General Fund 1,445,000 - 1,445,000 Pavement Management 100,000 - 100,000 Enterprise -Utility Fund 31,000 - 31,000 Total other financing sources (uses) 1,576,000 - 1,576,000 Net change in fund balance 60,510 (41,351) 19,159 Fund balance, January 1 1,678,921 17,794 1,696,715 (4) Fund balance, December 31 $ 1,739,431 $ (23,557) $ 1,715,874 Exhibit C (1) Amend the 2017 Police equipment budget to move funds appropriated in 2016 Equipment Fund into 2017 for conversion cost of two squads purchased in 2016 but not completed until 2017. Expenditures: Capital Outlay - Police 12,341 Revenues: Use of Fund Balance 12,341 (2) Amend the 2017 Police equipment budget for the unanticipated replacement of a civil defense siren. Expenditures: Capital Outlay - Police 17,010 Revenues: Use of Fund Balance 17,010 (3) Amend the 2017 Street equipment budget for costs exceeding budget for the replacement of the CAT Loader. Expenditures: Capital Outlay - Streets 12,000 Revenues: Use of Fund Balance 12,000 (4) Adjust the budgeted (estimated) January 1, 2017 Fund Balance to reflect the actual January 1 Fund Balance Actual Fund Balance, January 1, 2017 1,696,715 Budgeted Fund Balance, January 1, 2017 1,678,921 Increase Fund Balance, January 1, 2017 17,794 Total Expenses 41,351 Revenues - Use of FB Reserves 41,351 Total Funding 41,351