HomeMy WebLinkAbout24-019 Amended the 2023 General Fund Budget CITY OF LAKEVILLE
RESOLUTION NO. 24-019
Resolution Amending the 2023 General Fund Budget
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota as follows:
1. The 2023 budget for the General Fund is hereby amended for the fiscal year ending
December 31, 2023 as per Exhibit A, as attached hereto.
ADOPTED by the Lakeville City Council this 5`"day of February 2024.
CITY OF LAKEVILLE
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L M. Hellier, Mayor
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Ann Orlofsky, City Clerk
Exhibit A
General Fund
Schedule of Revenues>Expenditures and Changes in Fund Balances
For the Year Ending December 31,2023
2023 GENERAL FUND BUDGET
2023 2023 2023 2023
2023 YTD 12/18/2023 2/5/2024 Final
Adopted Ameaded Adjust Adjust Amended
Budget Budget Res.No.23-154 x�.xo.aa-� Budget Notes
Revenues
General property taxes $ 26,954,875 $ 26,954,875 $ - $ - $ 26,954,875
Licenses and permits 2,943,346 2,943,346 373,000 - 3,316,346
Intergovernmental 1,512,699 1,512,699 1,991,476 - 3,504,175
Charges for services 3,392,946 3,471,591 245,910 - 3,717,501
Court fines 240,000 240,000 - - 240,000
Investment income 281,000 281,000 - - 281,000
Miscellaneous 46,257 46,257 - - 46,257
Total revenues 35,371,123 35,449,768 2,610,386 - 38,060,154
Exnenditures
General government
Mayor and Council 138,778 138,778 (6,909) - 131,869
Committees and Commissions 127,877 127,877 885 4,860 133,622 (3)
City administration 629,559 629,559 (69,503) 41,460 601,516 (3)
City Clerk 183,931 183,931 185 14,430 198,546 (3)
Legal counsel 97,350 97,350 - - 97,350
Planning 662,843 662,843 993 420 664,256 (3)
CommuniTy and econ.development 519,673 519,673 593 1,570 521,836 (3)
Inspections 1,936,637 1,987,477 4,523 (134,860) 1,857,140 (3)
General government facilities 684,889 684,889 (91,676) (2,130) 591,083 (3)
Finance 1,134,847 1,191,943 (28,537) 10,700 1,174,106 (3)
Information systems 1,072,579 1,072,579 (173,515) (41,460) 857,604 (3)
Human resources 887,396 895,198 (137,885) (29,990) 727,323 (3)
Insurance 250,000 250>000 - - 250,000
Public safetv
Police 14,311,128 14,311,128 200,937 (63,460) 14,448,605 (3)
Fire 2,666,423 2,666,423 202,628 198,460 3,067,511 (3)
Public works
Engineering 1,120,397 1,120,397 (213,840) - 906,557
Forestry 566,047 566,047 332 - 566,379
Operations and Maintenance 621,899 621,899 79,429 - 701,328
Streets 4,064,622 4,064,622 (74,790) - 3,989,832
Parks and recreation
Parks 3,470,194 3,470,194 28,033 - 3,498,227
Recreation 847,937 847,937 53,748 - 901,685
Heritage Center 140,673 140,673 373 - 141,046
Arts Center 763,663 763,663 194,931 - 958,594
Total expenditures 36,899,342 37,015,080 (29,065) - 36,986,015
Fxcess(deficiency)of revenues
overexpenditures (1,528,219) (1,565,312) 2,639,451 - 1,074,139
Other financing souces(uses)
Transfer from other funds 1,171,099 1,285,453 (744,520) (68,764) 472,169 (1),(2)
Transfer to other funds (2,353,880) (2,353,880) - - (2,353,880)
Total otherfinancing sources(uses) (1,182,781) (1,068,427) (744,520) (68,764) (1,881,711)
Net change in fund balance (2,711,000) (2,633,739) 1,894,931 (68,764) (807,572) (1),(2),(3)
Fund balance,January 1 21,881,813 21,881,813 125,594 125,594 22,007,407
Fund balance,December 31 $ 19,170,813 $ 19,248,074 $ 2,020,525 $ 56,830 $ 21,199,835
Exhibit A
(i) Payment from Liquor in Lieu of Taxes.This was included in the December 18th
2023 budget amendments, but was noted as an addition to revenue instead of
a switch from transfer from Liquor store to a charges for services revenue.
Revenues:
Remove Liquor store transfer 54,410
Use of Fund Balance 54,410
(2) Remove transfer from Utilities related to ERP,as the costs were allocated out
instead of recording as a transfer into the General Fund.
Revenues:
Remove Utilities transfer 14,354
Use of Fund Balance 14,354
(3) Adjust Expenses within General Fund
Personnel
City Administrator 22,460
Finance 25,130
Information Technology (41,460)
Human Resources (25,130)
Planning 420
Community Development (420)
Police (63,460)
Fire 198,460
Inspections (135,000)
Other Charges and Services
Committees and Commissions 4,860
City Administrator 19,000
City Clerk 14,430
Finance (14,430)
Human Resources (4,860)
Community Development 1,990
City Hall (2,130)
Inspections 140