HomeMy WebLinkAbout08-178 CITY OF LAKEVILLE
RESOLUTION NO. os-l~s
RESOLUTION AMENDING THE 2008
SURFACE WATER MANAGEMENT UTILITY FUND BUDGET
NOW THEREFORE, BE IT RESOLVED that the Surface Water Management
Utility Fund Budget hereby approved and amended for the fiscal year ending
December 31, 2008.
Zoos Zoos
ADOPTED AMENDED
BUDGET ADJUST BUDGET NOTES
Revenues
Intergovernmental revenue -state-aid (PERA) $ 292 $ - $ 292
Intergovernmental revenue -grants 25,000 71,000 96,000 (1)
Surface Water Utility Fees. 518,574 518,574
Investment income 11,888 - 11,888
Total Revenues 555,754 71,000 626,754
Expenditures
Personnel Services 241,073 241,073
Commodities 15,859 15,859
Other Charges and Services 242,613 202,000 444,613 (1)(Z)
Capital Outlay 6,900 - 6,900
Total Expenditures 506,445 202,000 708,445
Transfers
Transfer to General Fund 75,726 14,881 90,607 (3)
Transfer to Benefit Accrual Fund 1,783 1,783
Transfer to Utility Fund
Water Operation (Utility billing admin) 4,247 4,247
Sanitary Sewer Operation (Util. billing admin) 4,247 4,247
Sanitary Sewer Operation Fund (server vactor overhead) 2,384 - 2,384
Total Transfers 88,387 14,881 103,268
Net Increase/(Decrease) (39,078) (145,881) (184,959)
Fund Balance, January 1 362,719 144,416 507,135 (4)
Fund Balance, .December 31 $ 323,641 $ 1,465 $ 322,176
BE IT FURTHER RESOLVED that the notes pertaining to the adjustments as
shown above are shown on Exhibit A attached hereto.
APPROVED AND AMENDED by the Lakeville City Council this 15th day of
December, 2008.
ITY O KEVILLE
~ H II Da I, Mayor
~TTE ~
harlene Friedges,, ~ ty Clerk
Exhibit A
CITY OF LAKEVILLE
2008 SURFACE WATER MANAGEMENT UTILITY SPECIAL REVENUE FUND
ADJUSTMENT
(1) The City will receive a 50% matching grant from the Vermillion River Water
Joint Powers Organization (VRWJPO) for the 205th Street drainage channel
stabilization project. Adjust the following items for the grant and project:
Increase Intergovernmental revenue - 50% matching grant
from $25,000 to $96,000 71,000
Other Charges and Services - 205th Street drainage channel stabilization
Construction and Engineering Fees 192,000
Decrease Fund Balance, December 31, 2008 121,000
(2) Increase the 2008 Other Charges and Services for the Storm Water
Non-Degradation Study (MPCA)
Other Charges and Services -Study 10,000
Decrease Fund Balance, December 31, 2008 10,000
(3) Increase transfer to General Fund representing the Surface Water Mgmt. Fund's actual
share of City Hall overhead, human resources and information systems support.
Transfer to General Fund 14,881
Decrease Fund Balance, December 31, 2008 14,881
(4) Adjust the budgeted January 1, 2008 Fund Balance to reflect the actual December 31,
2007 Fund Balance carryforward.
Actual Fund Balance, January 1, 2008 507,135
Budgeted Fund Balance, January 1, 2008 362,719
Increase Fund Balance, December 31, 2008 144,416