HomeMy WebLinkAbout21-184CITY OF LAKEVILLE
RESOLUTION NO. 21-184
RESOLUTION AMENDING THE 2021 BUDGETS
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota as follows:
The 2021 budgets for General Fund, Debt Service Funds and Improvement Construction
Fund are hereby amended for the fiscal year ending December 31, 2021 as per Exhibits A-
C, as attached hereto.
ADOPTED by the Lakeville City Council this 201 day of December 2021
Douglas P. Anderson, Mayor
Charlene Friedges, City C e k
CITY OF LAKEVILLE, MINNESOTA Exhibit A
General Fund
Schedule of Revenues, Expenditures and Changes in Fund Balances
For the Year Ending December 31, 2021
2021 GENERAL FUND BUDGET
Expenditures
2021
2021
2021
General government
2021
YTD
12/20/2021
Final
Mayor and Council
Adopted
Amended
Adjust
Amended
(2)
Committees and Commissions
Budget
Budget
Res. No. 20 ###
Budget
Notes
Revenues
501,856
501,856
33,350
535,206
(3)
General property taxes
$ 24,232,728
$ 24,232,728
$ 304,550
$ 24,537,278
(2-6)(10)
Licenses and permits
2,611,288
2,611,288
131,890
2,743,178
(7)(9)
Intergovernmental
1,085,911
1,085,911
71,190
1,157,101
(1)(11)
Charges for services
2,595,812
2,595,812
100,863
2,696,675
(13)(14)(17)
Court fines
156,000
156,000
-
156,000
(7)(8)(9)
Investment income
174,000
174,000
-
174,000
(11)
Miscellaneous
57,729
62,729
30,750
93,479
(12)
Total revenues
30,913,468
30,918,468
639,243
31,557,711
(5)
Expenditures
General government
Mayor and Council
130,039
130,039
5,000
135,039
(2)
Committees and Commissions
107,012
107,012
-
107,012
City administration
501,856
501,856
33,350
535,206
(3)
City Clerk
163,078
163,078
30,450
193,528
(4)
Legal counsel
99,783
99,783
-
99,783
Planning
603,468
603,468
-
603,468
Community and econ. development
402,861
402,861
-
402,861
Inspections
1,518,020
1,518,020
232,240
1,750,260
(7)(8)(9)
General government facilities
672,379
672,379
19,500
691,879
(11)
Finance
889,626
934,626
-
934,626
Information systems
885,371
885,371
34,750
920,121
(5)
Human resources
588,059
588,059
-
588,059
Insurance
285,000
285,000
80,000
365,000
(6)
Public safety
Police
12,942,423
12,942,423
30,750
12,973,173
(12)
Fire
2,260,808
2,265,808
42,340
2,308,148
(1)(8)(10)
Public works
Engineering
1,059,968
1,059,968
-
1,059,968
Operations and Maintenance
584,556
584,556
-
584,556
Streets
3,669,797
3,669,797
62,385
3,732,182
(13)
Parks and recreation
Parks
2,980,052
2,980,052
-
2,980,052
Recreation
776,532
776,532
43,000
819,532
(14)
Heritage Center
139,264
139,264
-
139,264
Arts Center
630,071
630,071
30,000
660,071
(15)
Other
-
-
98,500
98,500
(16)
Total expenditures
31,890,023
31,940,023
742,265
32,682,288
Excess (deficiency) of revenues
over expenditures
(976,555)
(1,021,555)
(103,022)
(1,124,577)
Other financing sources (uses)
Transfer from other funds
876,430
876,430
-
876,430
Transfer to other funds
(1,325,000)
(3,686,032)
(29,038)
(3,715,070)
Total other financing sources (uses)
(448,570)
(2,809,602)
(29,038)
(2,838,640)
Net change in fund balance
(1,425,125)
(3,831,157)
(132,060)
(3,963,217)
(13(16)
Fund balance, January 1
23,440,187
23,440,187
1,299,442
24,739,629
(18)
Fund balance, December 31
$ 22,015,062
$ 19,609,030
$ 1,167,382
$ 20,776,412
Exhibit A
(1) Amend Fire Relief Association contribution resulting from increase in state aid.
Expenditures:
Other Charges and Services 21,690
Revenues:
Intergovernmental
21,690
(2) Amend Mayor and Council budget for Insite Discovery Workshop and the Race Discussion
Expenditures:
Other Charges and Services 3,100
Other Charges and Services 1,900
Revenues:
Property Taxes 5,000
(3) Amend City Administration budget for lobbying expenses.
Expenditures:
Other Charges and Services 33,350
Revenues:
Property Taxes 33,350
(4) Amend City Clerk budget for cost related to the 2021 election.
Expenditures:
Personnel Services 22,000
Other Charges and Services 8,450
Revenues:
Property Taxes 30,450
(5) Amend Information Systems for Broadband expenditures.
Expenditures:
Other Charges and Services 34,750
Revenues:
Property Taxes 34,750
Exhibit A
(6) Amend Insurance for additional allocating from the General Fund to Municipal
Reserves Fund.
Expenditures:
Other Charges and Services 80,000
Revenues:
Property Taxes
(7) Amend Inspections Department budget for new Inspector position added April 2021.
80,000
Expenditures:
Personnel Services 68,390
Revenues:
Permits - Building 68,390
(8) Amend Inspections and Fire Departments' budgets to reflect the actual cost of the Fire Department
performine inspection related duties.
Expenditures:
Personnel Services - Inspections 103,350
Personnel Services - Fire (103,350)
(9) Amend the Inspections Department budget to account for increased contractual electrical
inspections and the offsetting electrical permit revenues.
Expenditures:
Other Charges and Services 63,500
Revenues:
Permits - Electrical 63,500
(10) Amend the Fire Department budget for additional cost due to increases in fire calls.
Expenditures:
Personnel Services 121,000
Revenues:
Property Taxes
121,000
(11) Amend General Government Facilities for the ADA Study costs funded by grants.
Expenditures:
Other Charges and Services 19,500
Revenues:
Intergovernmental 19,500
Exhibit A
(12) Amend Police Department for the addition of anew K9 funded by a prior donation.
Expenditures:
Capital Outlay 30,750
Revenues:
Donations
30,750
(13) Amend Street Department for additional street signs for new developments. Street sign revenues
are collected with the development contract.
Expenditures:
Commodities 62,385
Revenues:
Charges for Services 28,825
Use of Fund Balance 33,560
(14) Amend Recreation Department for cost association with increased participation in youth activities
Expenditures:
Other Charges and Services 43,000
Revenues:
Charges for Services 43,000
(15) Amend Arts Center for additional costs associated with the Shuttered Venues Operating Grant.
Expenditures:
Commodities 5,000
Other Charges and Services 20,000
Capital Outlay 5,000
Revenues:
Intergovernmental 30,000
(16) Amend departmental salary expense to include contributions from each department for their share
of compensated leave costs.
Expenditures:
Personnel Services 98,500
Revenues:
Use of Fund Balance 98,500
Exhibit A
(17) Amend departmental salary expense to include contributions from each department for their share
Expenditures:
Transfers Out - Improvement Construction Fund 29,038
Revenues:
Charges for Services 29,038
(18) Amend the budgeted (estimated) January 1, 2021 Fund Balance to reflect the actual January 1 Fund
Balance.
Actual Fund Balance, January 1, 2021 24,739,629
Budgeted Fund Balance, January 1, 2021 23,440,187
Increase Fund Balance, January 1, 2021 1,299,442
2021 DEBT SERVICE FUND BUDGET
Revenues
General property taxes
Tax increment
Intergovernmental
Charges for services
Special assessments
Investment income
Total revenues
Expenditures - Capital outlay
Principal maturities
Interest on debt
Fiscal charges
Total expenditures
Excess (deficiency) of revenues
over expenditures
Exhibit B
2021
2021
2021 YTD
Final
Adopted Amended
12/20/2021 Amended
Budget Budget
A&A Budget Notes
$ 7,967,038
$ 7,967,038 $
- $ 7,967,038
404,000
404,000
- 404,000
416,829
416,829
- 416,829
904,455
904,455
- 904,455
2,248,156
2,248,156
- 2,248,156
122,210
122,210
- 122,210
12,062,688
12,062,688
- 12,062,688
(298,520)
(304,893)
9,400,000
9,400,000
- 9,400,000
4,221,190
4,221,190
- 4,221,190
28,395
28,395
- 28,395
13,649,585
13,649,585
- 13,649,585
(1,586,897)
(1,586,897)
- (1,586,897)
Other financing sources
Transfer from Other Funds
1,538,377
1,538,377
1,521,004
3,059,381 (1)
Transfer To Other Funds
(250,000)
(256,373)
-
(256,373)
Total other financing sources (uses)
1,288,377
1,282,004
1,521,004
2,803,008
Net change in fund balance
(298,520)
(304,893)
1,521,004
1,216,111
Fund balance, January 1
21,551,182
21,551,182
2,371,992
23,923,174 (2)
Fund balance, December 31
$21,252,662
$ 21,246,289
$ 3,892,996
$ 25,139,285
i
Exhibit B
(1) Amend the budget to reflect excess bond proceeds transferred from the
Improvement Construction Fund during 2021, for projects from prior
years where excess funding remains after the contract has been closed.
The funds are required to be used toward outstanding debt service
payments per bonding authority.
Other Financing Uses:
Transfer from Capital Projects Fund 1,521,004
Revenues:
Fund Balance 1,521,004
(2) Amend the budgeted (estimated) January 1, 2021 Fund Balance to reflect
the actual January 1 Fund Balance.
Actual Fund Balance, January 1, 2021 23,923,174
Budgeted Fund Balance, January 1, 2021 21,551,182
Increase Fund Balance, January 1, 2021 2,371,992
Exhibit C
2021 IMPROVEMENT CONSTRUCTION FUND BUDGET
2021
2021
2021 YTD
Final
Adopted Amended
12/20/2021 Amended
Budget Budget
Adiust Budget Notes
Revenues
Intergovernmental
Charges for services
Escrow
Investment income (charges)
Special Assessments
Miscellaneous - pass-through developer
obligations
Total revenues
Expenditures - Capital outlay
Public works
Total expenditures
Excess (deficiency) of revenues
over expenditures
Other financing sources
Transfer from Capital Projects
Stormwater Infrastructure Fund
Park Dedication Fund
Tax Increment Financing Fund
General Fund
Transfer from Debt Service
Transfer to Debt Service
InterFund Loan
Issuance of debt
Premium on bonds issued
Total other financing sources (uses)
Net change in fund balance
Fund balance, January 1
Fund balance, December 31
$ 769,054 $ 1,749,054 $ 530,000 $ 2,279,054 (4)
121,098
121,098
121,098
3,656
3,656
3,656
137,915
137,915
541,763
541,763
- 541,763
1,435,571
2,553,486
530,000 3,083,486
10,922,252
13,207,867
(951,228) 12,256,639 (1)(3)(4)(5)
10,922,252
13,207,867
(951,228) 12,256,639
(9,486,681) (10,654,381) 1,481,228 (9,173,153)
105,000 105,000 - 105,000
309,260 309,260
131,032 29,038 160,070 (7)
200,000 206,373 - 206,373
- (1,521,004) (1,521,004) (6)
815,440 815,440
9,185,337 9,185,337 (3,535,337) 5,650,000 (3)
- - 776,907 776,907 (3)
9,490,337 10,752,442 (4,250,396) 6,502,046
3,656 98,061 (2,769,168) (2,671,107) (1)(3)(5)(6)(7)
5,578,403 5,578,403 2,964,705 8,543,108 (2)
$ 5,582,059 $ 5,676,464 $ 195,537 $ 5,872,001
Exhibit C
(1) Amend the budget for the cost of additional legal costs incurred related
to project 15-02 during 2021. This amount includes an estimate for
additional costs to be incurred through the end of 2020.
Expenditures:
Capital Outlay - Public Works 600,000
Revenues:
Use of Fund Balance 600,000
(2) Amend the budgeted (estimated) January 1, 2021 Fund Balance to reflect
the actual January 1 Fund Balance.
Actual Fund Balance, January 1, 2021 8,543,108
Budgeted Fund Balance, January 1, 2021 5,578,403
Increase Fund Balance, January 1, 2021 2,964,705
(3) Amend the budget to reflect final bond proceed amounts recorded in the
Improvement Construction Fund in 2021 from the 2021C bonds, and the
related decrease in anticipated project expenditures. The
design/engineering costs for the 22-02 project were not included in the
2021 bonds, so the adjustment to the use of fund balance offset
represents the 2021 estimate of those costs.
Expenditures:
Capital Outlay - Public Works (2,439,688)
Revenues:
Use of Fund Balance 318,742
Bond Proceeds (3,535,337)
Bond Premium 776,907
(4) Amend the budget to reflect revenues and costs incurred during 2021 for
project 21-18, 202nd St extension/Cedar Hills 2nd Addition. This is a pass-
through cost from the City of Farmington, and will be paid partially to the
developer and partially to a contractor.
Expenditures:
Capital Outlay - Public Works 530,000
Revenues:
Intergovernmental Revenues 530,000
Exhibit C
(5) Amend the budget to reflect additional costs incurred during 2021 for
the 2020 street projects (20-02 and 20-04), which were paid for by bond
proceeds received in 2020.
Expenditures:
Capital Outlay - Public Works 358,460
Revenues:
Use of Fund Balance (Bond Proceeds) 358,460
(6) Amend the budget to reflect excess bond proceeds transferred to the
debt service fund during 2021, for projects from prior years where excess
funding remains after the contract has been closed. The funds are
required to be used toward outstanding debt service payments per
bonding authority.
Other Financing Uses:
Transfer to Debt Service Fund 1,521,004
Revenues:
Use of Fund Balance (Bond Proceeds) 1,521,004
(7) Amend the budget to include an additional transfer from the General
Fund to Improvement Construction Fund for revenues generated by City
staff beyond the budgeted amounts. These funds will be used on future
city transportation projects to avoid or delay issuance of bonds.
Other Financing Sources:
Transfer from General Fund 29,038