HomeMy WebLinkAbout08-180 CITY OF LAKEVILLE
RESOLUTION NO. os-iso
RESOLUTION AMENDING THE 2008
EQUIPMENT FUND BUDGET
NOW THEREFORE, BE IT RESOLVED that the Equipment Fund
Budget is hereby approved and amended fior-the fiscal year ending
December 31, 2008.
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ADOPTED AMENDED
BUDGET ADJUST BUDGET NOTES
Revenues
Donations $ - $ 2,050 $ 2,050
Expenditures
Police 354,182 22,383 376,565 (Z)
Fire 193,920 8,227 202,147 (Z)
Streets 465,394 18,272 483,666 (Z)
Parks 115,450 17,772 133,222 (Z)
Debt issuance costs 87,163 59,428 27,735 (Z)
Total Expenditures 1,216,109 ~ 7,226 1,223,335
Other financing sources (uses)
Transfer from General Fund 531,440 531,440 (3)
Disposal of assets 19,280 19,280 (4)
Issuance of debt 940,000 5( 0'000) 890,000 (5)
Total Other Financing Sources (Uses) 940,000 500,720 1,440,720
Net Increase/(Decrease) (276,109) 495,544 219,435
Fund Balance, January 1 276,109 114,697 390,806 (6)
Fund Balance, December 31 $ - $610,241 $ 610,241
BE IT FURTHER RESOLVED that the information delineating the revenue and
expenditures as shown above are shown on Exhibit A attached hereto.
APPROVED AND AMENDED by the Lakeville City Council this 15th day of
December, 2008.
C TY OF LA~ VILLE
H Da~, ayo
EST
Charlene Friedges, ~ Clerk
Exhibit A
2008 EQUIPMENT FUND
BUDGET AMENDMENT NOTES
ADJUSTMENT
(1) Add donation from CenterPoint Energy to be used for Fire Department
gas monitors 2,050
(2) Adjust departmental capital outlay based on revised estimates; and reduce
debt issuance costs based on actual amounts.
Police 22,383
Fire 8,227
Streets 18,272
Parks 17, 772
Debt issuance costs 5( 9,428)
Net increase 7,226
(3) Add transfer from General Fund to reduce future financing and tax levies in 531,440
(4) Add disposal of assets for the sale of 580D Toro mower to the School Distri 19,280
(5) Reduce the issuance of debt by $50,000 from $940,000 to the actual 50,000
amount of $890,000
(1) Adjust the budgeted January 1, 2008 Fund Balance to reflect the actual December 31,
2007 Fund Balance carryforward.
Actual Fund Balance, January 1, 2008 390,806
Budgeted Fund Balance, January 1, 2008 276,109
Increase Fund Balance, January 1, 2008 114,697