HomeMy WebLinkAbout19-153CITY OF LAKEVILLE
RESOLUTION NO. 19-153
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.
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)
ADOPTED by the Lakeville City Council this 2nd day of December 2019
Douglas P. Anderson, Mayor
Charlene Friedges, City Cl