HomeMy WebLinkAbout25-072 Resolution Amending the 2024 General Fund and Technology Fund Budgets CITY OF LAKEVILLE
RESOLUTION NO. 25-072
Resolution Amending the 2024 General Fund and Technology Fund Budgets
BE IT RESOLVED by the City Council of the City of Lakeville, Minnesota as follows:
1. The 2024 budget for the General Fund and Technology Fund is hereby amended for
the fiscal year ending December 31, 2024 as per Exhibit A, as attached hereto.
ADOPTED by the Lakeville City Council this 5�'day of May 2025.
CITY OF LAKEVILLE:
Lu . Hellier, Mayor
�/�
Ann Orlofsky, City Clerk
EXHIBIT A
CITY OF LAKEVILLE
JOURNAL ENTRY
JE: 00002051
Post Date: 12/31/2024 Entered By: JWERNER
Entry Date: 04/29/2025 Journal: BA
Description: BUDGET AMENDMENTS COLJNCIL MTG 5/5/25
GL # Description DR CR
1000.1200.6281.00 PD IPS/IDS SOFTWARE 0.00 35,000.00
4125.4127.6540.00 CAP OUTLAY MACHINERY/EQUIPMENT 35,000.00 0.00
Journal Total: 35,000.00 35,000.00
Although funds were originally budgeted in the Technology Fund,the City's Technology Replacement Plan
is intended for hardware acquisitions only. As a result, a budget amendment is proposed to transfer
$35,000 from the Technology Fund to the General Fund Police Department Operating Budget to properly
account for ongoing software licensing and subscription costs. This ensures compliance with the City's
financial practices and accurately categorizes operating expenses.