HomeMy WebLinkAbout07-215 CITY OF LAKEVILLE
RESOLUTION NO. o~-2is
RESOLUTIONAMENDING THE 2007
.EMPLOYEE BENEFIT FUND BUDGET
NOW THEREFORE, BE IT RESOLVED that the Employee Benefit Fund
Budget is hereby approved and amended for the fiscal year ending
December 31, 2007....
2007 2007
ADOPTED AMENDED
BUDGET ADJUST BUDGET NOTES
Revenues and Transfers
Taxes $ 85,958 $ - $ 85,958
Interest on investments 38,150 38,150
Transfer from Cable TV Fund 350 350
Transfer from Surface Water Management Utility Fund 944 - 944
Total Revenues and Transfers 125,402 - 125,402.
Expenditures
Personnel -Severance 15,146 15,146 (1)
Personnel -PTO cash outs 13,648 ' 13,648 (2)
Personnel -Dispatchers severance carryover to DCC 61,156 61,156 (3)
Total Expenditures - 89,950 89,950
Net Increase/(Decrease) 125,402 (89,950) 35,452
Fund Balance, January 1 953,798 80,584 873,214 (4)
Fund Balance, December 31 $1,079,200 $ 170,534 $ 908,666
BE FURTHER RESOLVED that the notes pertaining to the adjustments as
shown above are shown on Exhibit A attached hereto,
APPROVED AND AMENDED by the t_akeville City Council this .17th day of
December, 2007.
ITYOF EVILLE
ly Dah , Mayor
E5
i
Charlene Friedges, Ci Clerk
Exhibit A
CITY OF LAKEVILLE
. 2007 EMPLOYEE BENEFIT SPECIAL REVENUE FUND
ADJUSTMENT
(1) Increase appropriations related to employee severance costs including
applicable benefits.
Planning Assistant 3,838
Street Maintenance 11,308
Decrease Fund Balance, December 31, 2007 (1.5,146)
(2) Increase appropriations related to employee PTO cash out during 2007
including. applicable benefits. 13,648
Decrease Fund Balance, December 31, 2007 (13,648)
(3) Increase appropriations for transferring vacation and severance liability of
Lakeville Dispatchers to the Dakota Communications Center (DCC). 61,156
Decrease Fund Balance, December 31, 2007 (61,156)
i.
(4) Adjust the budgeted January 1, 2007 Fund Balance to reflect the actual December 31,
2006 Fund Balance carryforward.
Actual Fund Balance, January 1, 2007 873,214
Budgeted Fund Balance,. January 1, 2007 953,798
lncrease Fund Balance, December 31, 2007 80,584