HomeMy WebLinkAboutItem 06.cJune 1, 2020 Item No.________
APPROVAL OF THE ALF AMBULANCE 2021 BUDGET
Proposed Action
Staff recommends adoption of the following motion as part of the consent agenda: Move to
approve the ALF Ambulance 2021 Budget.
Passage of this motion will result in approval of the ALF Ambulance 2021 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 14, 2020,
meeting, recommended City Council approval of the attached budget.
Supporting Information
ALF 2021 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 2021 BUDGET
Statement of Cash Flows
2019 2020 2020 2021
Actual Adopted Estimate Proposed
Additions
Townships 1,500$ 1,500$ 1,500$ 1,500$
Interest on investments 9,299 2,400 3,800 3,800
Total additions 10,799 3,900 5,300 5,300
Deductions
Expenses
Other - 800 500 500
Total deductions - 800 500 500
Net changes in cash position 10,799 3,100 4,800 4,800
Cash balance, January 1 188,007 191,107 198,806 203,606
Cash balance, December 31 198,806$ 194,207$ 203,606$ 208,406$