HomeMy WebLinkAboutItem 06.fJune 3, 2019 Item No.________
APPROVAL OF THE ALF AMBULANCE 2020 BUDGET
Proposed Action
Staff recommends adoption of the following motion as part of the consent agenda: Move to
approve the ALF Ambulance 2020 Budget.
Passage of this motion will result in approval of the ALF Ambulance 2020 budget.
Overview
The Joint Powers Agreement states “On or before July 1 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 Ambulance Board, at its May 9, 2019, meeting,
recommended City Council approval of the attached budget.
Supporting Information
ALF 2020 Budget
Financial Impact: $ Budgeted: Y☐ N☐ Source:
Related Documents: (Budget):
Envision Lakeville Community Values: Good Value for Public Services
Report Completed by: Jerilyn Erickson, Finance Director
N/A Township Payments, Interest
ALF AMBULANCE 2020 BUDGET
Statement of Cash Flows
2018 2019 2019 2020
Actual Adopted Estimate Proposed
Additions
Townships 1,500$ 1,500$ 1,500$ 1,500$
Interest on investments 1,367 2,400 2,400 2,400
Total additions 2,867 3,900 3,900 3,900
Deductions
Expenses
Other 180 800 800 800
Total deductions 180 800 800 800
Net changes in cash position 2,687 3,100 3,100 3,100
Cash balance, January 1 185,320 186,715 188,007 191,107
Cash balance, December 31 188,007$ 189,815$ 191,107$ 194,207$