HomeMy WebLinkAboutItem 06.rDecember 2, 2019 Item No.________
RESOLUTION AMENDING THE 2019 BUDGETS FOR THE DODD/FLAGSTAFF
ROUNDABOUT (CITY PROJECT 18-05)
Proposed Action
Staff recommends adoption of the following motion: Move to approve a resolution amending the
2019 budgets and authorizing transfers related to city project 18-05.
Overview
The City’s final payment to the contractor was made in November 2019, and staff has reviewed
final cost projections by fund. The final estimates for the project (including outstanding
engineering and professional fee invoices) are well within the project budget, however, the
amounts by fund are higher than budgeted in some cases. A table showing budget to actual costs
by fund is included below. Staff recommends that transfers be made from the Water Operating
Fund, Sanitary Sewer Operating Fund, and Stormwater Infrastructure Fund to cover the
additional costs expended related to the activities of those funds.
Total City share of project expenses (excludes Dakota County and Grant): $1,010,425
*Actual costs represent costs incurred to date, plus Staff estimates for the few remaining invoices
to be received for work already completed on the project.
Primary Issues to Consider
• N/A
Supporting Information
• Resolution
Financial Impact: $ Budgeted: Y☒ N☐ Source:
Related Documents: (CIP, ERP, etc.):
Envision Lakeville Community Values: Good Value for Public Services
Report Completed by: Jerilyn Erickson, Finance Director
Funding Source Budget Actual*Variance
MSA 699,334$ 630,569$ (68,765)$
Dakota County 1,075,475 983,280 (92,195)
Water Operating Fund 137,848 159,060 21,212
Sanitary Sewer Operating Fund 4,020 7,200 3,180
Grant 775,000 775,000 -
Stormwater infrastructure Fund 151,145 213,596 62,451
2,842,822$ 2,768,705$ (74,117)$
$1,010,425 Various
2019 Budget
CITY OF LAKEVILLE
RESOLUTION NO. ________
RESOLUTION AUTHORIZING TRANSFERS
AND AMENDING 2019 BUDGETS
WHEREAS, the contract for Project 18-05, the Dodd/Flagstaff roundabout, was awarded on
April 1, 2019, including the project budget by funding source; and
WHEREAS, the project costs are being finalized and actual costs are higher or lower than
budgeted amounts by fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville,
Minnesota as follows:
The final costs of City Project 18-05 are $2.7 million. Anticipated funding sources are listed
below. Staff is hereby authorized to amend the 2019 budgets and make the appropriate transfers
between funds with respect to the funding sources up to 10% above the estimated costs.
ADOPTED by the Lakeville City Council this 2nd day of December 2019
___________________________
Douglas P. Anderson, Mayor
_____________________________
Charlene Friedges, City Clerk
Funding Source Budget Actual*Variance
MSA 699,334$ 630,569$ (68,765)$
Dakota County 1,075,475 983,280 (92,195)
Water Operating Fund 137,848 159,060 21,212
Sanitary Sewer Operating Fund 4,020 7,200 3,180
Grant 775,000 775,000 -
Stormwater infrastructure Fund 151,145 213,596 62,451
2,842,822$ 2,768,705$ (74,117)$