HomeMy WebLinkAbout5.F.3. Reservation of Fund Balance-Building Permit Activities
S.P.3~
CITY OF SHAKO PEE
Memorandum Cf~~ 'r~'~EN~
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TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Reservation of Fund Balance - Building Permit Activities
DATE: September 5, 2006
Introduction
Council is requested to authorize the reservation of General Fund -
Fund Balance in the amount of $1,479,874.90.
Background
The cost of service study authorized by Council and performed by
Springsted showed revenues for building permit related fees were
$1,479,874.90 more than the related costs for 2005.
Action
Move to reserve General Fund - Fund Balance in the amount of
$1,479,874.90 for building permit related activities.
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Gregg Voxland
Finance Director