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Home My WebLink About2.H. Finance Budget Discussion c2H, CITY OF SHAKO PEE 2008 GENERAL FUND BUDGET DIVISION: FINANCE MISSION STATEMENT: Provide accurate and current financial and statistical data to internal departments and the City Coun~il 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: 1. 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 2006 2007 2008 Total Finance Expenditures $489,716 $551,180 $571,090 City population 31,800 32,300 32,800 Cost Per Capita $ 15.40 $ 17.06 $ 17.41 Lodging tax not included in performance measures $200,000. OBJECT DESCRIPTION: Description of lines items: Wages & Benefits: Finance Director, Senior Accounting Clerk, Accounting Clerk. Professional Services: Auditing services $36,080, County TNT notices $3,300, investment safe keeping fees $4,000 and cash manager fees $60,000 both offset by revenue, misc. services as needed $2,000, assessing contract with the county $132,900 and county special assessment fees $3,000. Rentals: LOGIS / R5509BUD LOGIS005 CITY OF SHAKOPEE 8/2/2007 14:05:36 Fiscal Period: 6 / 7 Budget Report Page - 1 Level Of Rollup 7 2004 2005 2006 6/30/2007 2007 2008 2008 2008 Actual Actual Actual YTD Final Requested Approved Final Object Code / Description Amount Amount Amount Actual Budget Budget Budget Budget 01000 GENERAL FUND 15 FINANCE 6000 EXPENDITURES 6001 WAGES & BENEFITS 6002 WAGES 158,422 159,002 173,505 82,935 192,200 202,490 202,490 202,490 6005 OVERTIME-FT 1,307 3,000 3,000 3,000 6002 WAGES 158,422 159,002 173,505 84,242 192,200 205,490 205,490 205,490 6100 BENEFITS 6122 PERA 8,761 8,917 10,396 5,045 12,010 13,360 13,360 13,360 6124 FICA 11,615 11,673 12,421 6,105 14,700 15,720 15,720 15,720 6135 HEALTH 18,814 18,849 18,699 8,139 20,570 22,390 22,390 22,390 6139 POST EMPLOYMENT HEALTH PLAN 927 868 891 373 900 900 900 900 6140 L1FE/L TD 772 758 805 332 870 930 930 930 6145 DENTAL 964 920 1,019 441 1,150 1,150 1,150 1,150 6170 WORKERS COMPENSATION 509 685 743 446 800 840 840 840 ~ 6180 COMPENSATED ABSENCES 3,647 23,138 5,136 5,000 5,200 5,200 5,200 6100 BENEFITS 46,009 65,809 50,110 20,881 56,000 60,490 60,490 60,490 6001 WAGES & BENEFITS 204,431 224,811 223,615 105,123 248,200 265,980 265,980 265,980 6200 SUPPLIES AND SERVICES 6201 SUPPLIES & SERVICES 6202 OPERATING SUPPLIES 415 415 480 43 6210 OFFICE SUPPLIES 1,731 2,780 5,088 292 4,000 5,000 5,000 5,000 6201 SUPPLIES & SERVICES 2,146 3,195 5,568 336 4,000 5,000 5,000 5,000 6300 PROFESSIONAL SERVICES 6310 ATTORNEY 362 477 600 600 600 600 6316 EQUIPMENT MAINTENANCE 242 456 500 500 500 500 6320 LODGING TAX 188,166 59,146 200,000 200,000 200,000 200,000 6327 OTHER PROF SERVICES 392,739 400,878 226,730 185,393 248,620 241,300 241,300 241,300 6300 PROFESSIONAL SERVICES 392,739 401,482 415,829 244,539 449,720 442,400 442,400 442,400 6330 COMMUNICATIONS 6334 TELEPHONE 432 429 433 144 500 500 500 500 6336 PRINTING/PUBLISHING 600 594 2,221 1,196 700 2,500 2,500 2,500 6330 COMMUNICATIONS 1,032 1,023 2,654 1,341 1,200 3,000 3,000 3,000 6350 INSURANCE R5509BUD LOGISOO5 CITY OF SHAKOPEE 8/2/2007 14:05:36 Fiscal Period: 6 / 7 Budget Report Page - 2 Level Of Rollup 7 2004 2005 2006 6/30/2007 2007 2008 2008 2008 Actual Actual Actual YTD Final Requested Approved Final Object Code / Description Amount Amount Amount Actual Budget Budget Budget Budget 6352 L1ABI L1TY 4,812 4,002 4.493 4,750 5,000 5,000 5,000 5,000 6356 AUTO 10 10 10 10 10 10 6350 INSURANCE 4,812 4,002 4,503 4,760 5,010 5,010 5,010 5,010 6400 RENTALS 6410 LOGIS 38,248 37,342 34,910 17,451 38,800 38,800 38,800 38,800 6430 BUILDING RENT (IS FUND) 4,290 9,000 9,000 9,000 6400 RENTALS 38,248 37,342 34,910 21,741 38,800 47,800 47,800 47,800 6470 DUESITRAININGITRAVEL 6472 CONFERENCE/SCHOOUTRAINING 200 200 200 1,000 1,000 1,000 1,000 6475 TRAVEL/SUBSISTENCE 402 405 473 147 500 550 550 550 6480 DUES 240 245 210 255 350 350 350 350 6470 DUESITRAINING/TRAVEL 842 850 883 402 1,850 1,900 1,900 1,900 ~ 6498 EXPENSE CHARGED BACK 10,000- 10,000- 10,000- 6200 SUPPLIES AND SERVICES 429,818 437,893 454,347 273,118 500,580 505,110 505,110 505,110 6500 DEPRECIATION 6600 MISCELLANEOUS 6640 DESIGNATED MISCELLANEOUS 6660 CASH SHORT/OVER 28- 8 81- 3 6640 DESIGNATED MISCELLANEOUS 28- 8 81- 3 6600 MISCELLANEOUS 28- 8 81- 3 6700 CAPITAL OUTLAY 6800 DEBT SERVICE 6840 DEBT SERVICE INTEREST 6000 EXPENDITURES 634,220 662,712 677,882 378,245 748,780 771,090 771,090 771,090 15 FINANCE 634,220 662,712 677,882 378,245 748,780 771,090 771,090 771,090 01000 GENERAL FUND 634,220 662,712 677,882 378,245 748,780 771,090 771,090 771,090 Finance 2008 Budget 0151 Object # Description Management Total 6002 Wages FT - Reg. 202,490 202,490 6005 Wages aT - Reg. 3,000 3,000 6015 Wages PT - Temp - 6122 PERA 13,360 13,360 6124 FICA 15,720 15,720 6126 ICMA - 6135 Health 22,390 22,390 6139 PEHP 900 900 6140 Life 930 930 6145 Dental 1,150 1,150 6170 Workers Comp 840 840 6180 Compensated Absences 5,200 5,200 6190 Retirement Benefit - Total Personnel 265,980 265,980 6210 Office Supplies 5,000 5,000 6215 Materials - 6222 Motor Fuels & Lubricants - 6230 Building Maintenance - 6240 Equipment Maintenance - 6310 Attorney 600 600 6312 Engineering Consultants - 6314 Computer Services - 6315 Building Maintenance - 6316 Equipment Maintenance 500 500 6318 Filiing Fees - 6320 Lodging Tax 200,000 200,000 6322 Pavement Preservation - 6327 Other Prof Services 241 ,300 241 ,300 6332 Postage - 6334 Telephone 500 500 6336 Printing/Publishing 2,500 2,500 6352 Liability Insurance 5,000 5,000 6356 Auto Insurance 10 10 6360 Utility Service - 6365 Gas - 6367 Refuse - 6400 Rentals - 6410 LOGIS 38,800 38,800 6420 Equipment Rent - 6425 Equipment Rent {IS FUND) - 6430 Building Rent (IS FUND) 9,000 9,000 6435 Other Rent - 6472 Conf / School/Training 1,000 1,000 6475 Travel/Subsistence 550 550 6480 Dues 350 350 6490 Subscriptions/Publications - Total Supplies & Services 505,110 505,110 6740 Capital Expenditures - Total $ 771,090 $ 771,090 L/