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Home My WebLink About2.I. Finance Budget ~.1. CITY OF SHAKO PEE 2006 GENERAL FUND BUDGET DIVISION: FINANCE MISSION STATEMENT: Provide accurate and current financial and statistical data to internal departments and the City Council in a timely manner. Manage the City's financial assets effectively and efficiently. ACTIVITY: The major activities of the Finance Department encompass, accounts payable, cash management, accounts receivable, financial reports, special assessments, annual financial report, budget, insurance and many other of lesser importance. GOALS: L Provide accurate and timely information to management. 2. Complete the preparation of the City's budget and CAFR cost effectively. 3. Provide quality overall financial services. MEASUREMENT OF GOALS: 1. Cost per capita of Finance Dept. expenditures: (without lodging tax) Actual Budgeted Requested 2004 2005 2006 Total Finance Expenditures $446,260 $487,080 $522,020 City Population 28,913 30,999 34,085 Cost Per Capita $ 15.43 $ 15.71 $ 15.39 OBJECT DESCRIPTION: Description of lines items: Wages & Benefits: Finance Director, Senior Accounting Clerk, Accounting Clerk Professional Services: Auditing services $36,000(total), County TNT notices $1,800, Investment safe keeping fees $9,000 and Cash Manager Fees $65,000 both offset by revenue, misc. services as needed $1,500 and assessing contract wi th the county $124,400 and county special assessment fees $3,000. Lodging tax not included in performance measures $200,000. Rentals: LOGIS J R5509BUD LOGIS005 CITY OF SHAKOPEE 8/10/2005 15:24:52 Fiscal Period: 6 / 05 Budget Report Page - 8 Level Of Rollup 7 2002 2003 2004 6/30/2005 2005 2006 2006 2006 Actual Actual Actual YTO Final Requested Approved Final Object Code / Description Amount Amount Amount Actual Budget Budget Budget Budget 15 FINANCE 6000 EXPENDITURES 6001 WAGES & BENEFITS 6002 WAGES 198.422 154,196 158,422 75,337 178,120 186,600 186,600 186,600 --- -~- 6002 WAGES 198,422 154,196 158,422 75,337 178,120 186,600 186,600 186,600 6100 BENEFITS 6122 PERA 10,946 8,527 8,761 4,166 9,850 11,200 11,200 11,200 6124 FICA 14,506 11,351 11,615 5,436 13,630 14,280 14,280 14,280 6135 HEALTH 18,592 16,475 18,814 8,981 19,030 23,730 23,730 23,730 6139 POST EMPLOYMENT HEALTH PLAN 1,194 895 927 466 900 900 900 900 6140 L1FE/L TO 976 729 772 405 840 870 870 870 6145 DENTAL 1,182 937 964 492 1,260 1,440 1,440 1,440 6170 WORKERS COMPENSATION 622 577 509 685 600 750 750 750 6180 COMPENSATED ABSENCES 3,141- 8,110 3,647 3,000 4,000 4,000 4,000 6100 BENEFITS 44,876 47,600 46,009 20,632 49,110 57,170 57,170 57,170 ~ 6001 WAGES & BENEFITS 243,298 201,796 204,431 95,969 227,230 243,770 243,770 243,770 6200 SUPPLIES AND SERVICES 6201 SUPPLIES & SERVICES 6202 OPERATING SUPPLIES 574 415 415 415 6210 OFFICE SUPPLIES 2,338 1,830 1,731 768 5,000 4,000 4,000 4,000 6222 MOTOR FUELS & LUBRICANTS 50 6201 SUPPLIES & SERVICES 2,912 2,245 2,146 1,183 5,050 4,000 4,000 4,000 6300 PROFESSIONAL SERVICES 6310 ATTORNEY 4,334 144 300 300 300 6316 EQUIPMENT MAINTENANCE 15 500 500 500 500 6318 FILING FEES 22- 6327 OTHER PROF SERVICES 309,764 344,256 392,739 216,413 407,800 440,700 440,700 440,700 6300 PROFESSIONAL SERVICES 314,076 344,256 392,739 216,572 408,300 441,500 441,500 441,500 6330 COMMUNICATIONS 6334 TELEPHONE 451 449 432 179 500 500 500 500 6336 PRINTING/PUBLlSHING 792 683 600 99 1,000 700 700 700 6330 COMMUNICATIONS 1,243 1,132 1,032 278 1,500 1,200 1,200 1,200 6350 INSURANCE 6352 LIABILITY 2,451 4,283 4,812 363 4,850 4,800 4,800 4,800 R5509BUD LOGIS005 CITY OF SHAKOPEE 8/10/2005 15:24:52 Fiscal Period: 6 / 05 Budget Report Page - 9 Level Of Rollup 7 2002 2003 2004 6/30/2005 2005 2006 2006 2006 Actual Actual Actual YTD Final Requested Approved Final Object Code / Description Amount Amount Amount Actual Budget Budget Budget Budget 6350 INSURANCE 2,451 4,283 4,812 363 4,850 4,800 4,800 4,800 6400 RENTALS 6410 LOGIS 32,973 35,634 38,248 16,622 37,350 31,000 31,000 31,000 6400 RENTALS 32,973 35,634 38,248 16,622 37,350 31,000 31,000 31,000 6470 DUESITRAININGITRAVEL 6472 CONFERENCElSCHOOLlTRAINING 2,130 348 200 1,500 1,500 1,500 1,500 6475 TRAVEUSUBSISTENCE 635 510 402 9 900 900 900 900 6480 DUES 270 235 240 245 350 350 350 350 6490 SUBSCRIPTIONS/PUBLICATIONS 40 50 ._~-~_._~ -~- ~----- -- 6470 DUESITRAININGITRAVEL 3,074 1,093 842 254 2,800 2,750 2,750 2,750 6498 EXPENSE CHARGED BACK 8,000- 8,000- 10,000- 10,000- 10,000- 10,000- 10,000- 6200 SUPPLIES AND SERVICES 348,729 380,642 429,818 235,271 449,850 475,250 475,250 475,250 ~ 6500 DEPRECIATION 6600 MISCELLANEOUS 6640 DESIGNATED MISCELLANEOUS 6660 CASH SHORT/OVER 59- 16- 28- 9 6640 DESIGNATED MISCELLANEOUS 59- 16- 28- 9 6600 MISCELLANEOUS 59- 16- 28- 9 6700 CAPITAL OUTLAY 6800 DEBT SERVICE 6840 DEBT SERVICE INTEREST 6000 EXPENDITURES 591,969 582,421 634,220 331,249 677,080 719,020 719,020 719,020 15 FINANCE 591,969 582,421 634,220 331,249 677,080 719,020 719,020 719,020 Finance 2006 Budget 0150 0151 0152 0155 0157 Object # Description Benefits Management Accountinq Budget Lodging Tax Total 6002 Wages FT - Reg. 48,520 117,550 20,530 186,600 6005 Wages aT - Reg. - 6015 Wages PT - Temp - 6122 PERA 2,910 7,060 1,230 11 ,200 6124 FICA 3,710 9,000 1,570 14,280 6126 ICMA - 6135 Health 23,730 23,730 6139 PEHP 900 900 6140 Life 870 870 6145 Dental 1 ,440 1 ,440 6170 Workers Comp 750 750 6180 Compensated Absences 4,000 4,000 6190 Retirement Benefit - Total Personnel 31,690 55,140 133,610 23,330 - 243,770 6210 Office Supplies 4,000 4,000 6215 Materials - 6222 Motor Fuels & Lubricants - 6230 Building Maintenance - 6240 Equipment Maintenance - 6310 Attorney 300 300 6312 Engineering Consultants - 6314 Computer Services - 6315 Building Maintenance - 6316 Equipment Maintenance 500 500 6318 Filiing Fees - 6322 Pavement Preservation - 6327 Other Prof Services 240,700 200,000 440,700 6332 Postage - 6334 Telephone 500 500 6336 Printing/Publishing 700 700 6352 Liability Insurance 4,800 4,800 6360 Utility Service - 6365 Gas - 6367 Refuse - 6400 Rentals - 6410 LOGIS 31,000 31,000 6420 Equipment Rent - 6425 Equipment Rent (IS FUND) - 6430 Building Rent (IS FUND) - 6435 Other Rent - 6472 Conf / School/ Training 1,500 1,500 6475 Travel/Subsistence 900 900 6480 Dues 350 350 6490 Subscriptions/Publications - Total Supplies & Services - 285,250 - - 200,000 485,250 6740 Capital Expenditures - 6498 Expenses Charged Back - (10,000) (10,000) Total $ 31,690 $ 330,390 $ 133,610 $ 23,330 $ 200,000 $ 719,020 If 2006 BUDGET Est. 2006 Pay 2006 With COL Inc Title/Descri ption Step 3.0% FICA PERA Finance Director A $ 90,611 $ 6,932 $ 5,437 Sr Accounting Clerk A 50,290 3,847 $ 3,017 Accounting Clerk A 45,697 3,496 $ 2,742 Total Finance $ 186,598 $ 14,275 $ 11 ,196 ~