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Home My WebLink About4.H. Finance 2004 Budget . CITY OF SHAKO PEE 2004 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: 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 2002 2003 2004 Total Finance Expenditures $440,470 $423,680 $434,040 City Population 25,316 26,837 28,337 Cost Per Capita $ 17.40 $ 15.79 $ 15.32 OBJECT DESCRIPTION: Description of lines items: Wages & Benefits: Finance Director, Accounting Clerk (2) Professional Services: Auditing services $34,100(total), County TNT notices $1,400, Investment safe keeping fees $8,000 and Cash Manager Fees $50,000 both offset by revenue, misc. services as needed $1,500 and assessing contract with the county $102,400 and county special assessment fees $3,000. Lodging tax not included in performance measures $180,000. Rentals: LOGIS . R5509BUD L0~,,,005 CITY OF Sh) .r>EE 8/1Z,. ~ 12:55:19 Fiscal Period: 7 / 03 Budget Report Page - 1 Level Of Rollup 7 2000 2001 2002 7/31/2003 2003 2004 2004 2004 Actual Actual Actual YTO 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 170,619 183,133 198,422 87,587 157,890 154,900 154,900 154,900 6015 WAGES - PART TIMEITEMP 9,460 960- 6002 WAGES 180,079 182,173 198,422 87,587 157,890 154,900 154,900 154,900 6100 BENEFITS 6122 PERA 9,327 9,433 10,946 4,844 8,730 8,570 8,570 8,570 6124 FICA 13,643 13,647 14,506 6,419 12,080 11,850 11,850 11,850 6135 HEALTH 20,603 20,939 18,592 11,094 14,000 18,650 18,650 18,650 6139 POST EMPLOYMENT HEALTH PLAN 1,194 523 900 900 900 900 6140 L1FElL TO 976 1,073 976 473 180 760 760 760 6145 DENTAL 999 1,182 608 900 1,080 1,080 1,080 6170 WORKERS COMPENSATION 774 630 622 577 550 580 580 580 6180 COMPENSATED ABSENCES 3,359 1,440 3,141- 3,000 3,000 3,000 3,000 6100 BENEFITS 48,682 48,160 44,876 24,537 40,340 45,390 45,390 45,390 6001 WAGES & BENEFITS 228,762 230,333 243,298 112,124 198,230 200,290 200,290 200,290 6200 SUPPLIES AND SERVICES 6201 SUPPLIES & SERVICES 6202 OPERATING SUPPLIES 574 415 6210 OFFICE SUPPLIES 3,740 4,708 2,338 107 4,550 4,600 4,600 4,600 6222 MOTOR FUELS & LUBRICANTS 75 50 50 50 50 50 6240 EQUIPMENT MAINTENANCE 141 165 6201 SUPPLIES & SERVICES 3,957 4,923 2,912 522 4.600 4,650 4,650 4,650 6300 PROFESSIONAL SERVICES 6310 ATTORNEY 148,604 9,653 4,334 6316 EQUIPMENT MAINTENANCE 33 500 400 400 400 6318 FILING FEES 151 22- 6327 OTHER 295,607 309,764 197,164 356,300 376,200 376,200 376,200 6300 PROFESSIONAL SERVICES 148,604 305,444 314,076 197,164 356,800 376,600 376,600 376,600 6330 COMMUNICATIONS 6334 TELEPHONE 2,126 92 451 222 1,800 500 500 500 6336 PRINTING/PUBLISHING 2,210 909 792 515 2,300 1,100 1,100 1,100 6330 COMMUNICATIONS 4,336 1,001 1,243 737 4,100 1,600 1,600 1,600 R5509BUD LOGIS005 CITY OF SHAKOPEE 8/12/200312:55:19 Fiscal Period: 7 / 03 Budget Report Page - 2 level Of Rollup 7 2000 2001 2002 7/31/2003 2003 2004 2004 2004 Actual Actual Actual YTD Final Requested Approved Final Object Code / Description Amount Amount Amount Actual Budget Budget Budget Budget 6350 INSURANCE 6352 LIABILITY 1,716 2,451 4,283 3.000 4,900 4,900 4,900 6354 PROPERTY 3,461 200 6350 INSURANCE 3,461 1,916 2,451 4,283 3,000 4,900 4,900 4,900 6400 RENTALS 6410 lOGIS 43,799 32,973 20,448 36,000 33,100 33,100 33,100 6435 OTHER RENT 45,709 400 _.- ------~ 6400 RENTALS 45,709 43,799 32,973 20,448 36,400 33,100 33,100 33,100 6470 DUESITRAININGITRAVEl 6472 CONFERENCE/SCHOOUTRAINING 460 1,075 2,130 303 1,500 1,500 1,500 1,500 6475 TRAVEUSUBSISTENCE 917 2,421 635 120 1,600 1,000 1,000 1,000 6480 DUES 190 190 270 235 450 350 350 350 6490 SUBSCRIPTIONS/PUBLICATIONS 99 40 50 50 50 6470 DUESITRAININGITRAVEl 1,567 3,785 3,074 658 3,550 2,900 2,900 2,900 6498 EXPENSE CHARGED BACK 8,000- 7,000- 8,000- 8,000- 10,000- 10,000- 10,000- 6200 SUPPLIES AND SERVICES 199,633 353,867 348,729 223,811 400,450 413,750 413,750 413,750 6500 DEPRECIATION 6600 MISCEllANEOUS 6640 DESIGNATED MISCELLANEOUS 6660 CASH SHORT/OVER 18- 17- 59- 5- 6640 DESIGNATED MISCELLANEOUS 18- 17- 59- S- 6600 MISCELLANEOUS 18- 17- 59- S- 6700 CAPITAL OUTLAY 6740 EQUIPMENT 5,130 6700 CAPITAL OUTLAY 5,130 6800 DEBT SERVICE 6840 DEBT SERVICE INTEREST 6860 FISCAL AGENT FEES 1,125 1,125 ---~ - ---------- 6840 DEBT SERVICE INTEREST 1,125 1,125 -. 6800 DEBT SERVICE 1,125 1,125 . . - R5509BUD LL. _,,,005 CITY OF 51 .':>EE 811<.. , 12:55:19 Fiscal Period: 7 / 03 Budget Report Page - 3 Level Of Rollup 7 2000 2001 2002 7/31/2003 2003 2004 2004 2004 Actual Actual Actual YTD Final Requested Approved Final Object Code / Description Amount Amount Amount Actual Budget Budget Budget Budget 6000 EXPENDITURES 434,632 585,308 591,969 335,931 598,680 614,040 614,040 614,040 15 FINANCE 434,632 585,308 591,969 335,931 598,680 614,040 614,040 614,040 -- ---~ 01000 GENERAL FUND 434,632 585,308 591,969 335,931 598,680 614,040 614,040 614,040 { J Finance 2004 Budget Business Unit Business Unit Business Unit Business Unit 0150 0151 0152 0157 Object # Description Benefits Management Accounting Lodging Tax Total 6002 Wages FT - Reg. 30,000 50,000 74,900 154,900 6005 Wages OT - Reg. - 6015 Wages PT - Temp . 6122 PERA 1,650 2,750 4,170 8,570 6124 FICA 2,300 3,820 5,730 11 ,850 61261CMA - 6128 Fire Pension - 6135 Health 19,550 19,550 6140 Life 760 760 6145 Dental 1,080 1,080 6170 Workers Comp 580 580 6180 Compensated Absences 3,000 3,000 6190 Retirement Benefit - Total Personnel 58,920 56,570 84,800 - 200,290 6210 Operating Supplies 4,600 4,600 6215 Materials - 6222 Motor Fuels & Lubricants 50 50 6230 Building M3.intenance - 6240 Equipment Maintenance - 6300 Professional Services - 6310 Attorney - 6312 Engineering Consultants - 6314 Computer Services - 6315 Building Maintenance - 6316 Equipment Maintenance 400 400 6318 Filiing Fees - 6322 Pavement Preservation . 6327 Other 166,200 30,000 180,000 376,200 6332 Postage - 6334 Telephone 500 500 6336 Printing/Publishing 1,100 1,100 6350 Insurance 4,900 4,900 6354 Property Insurance - 6360 Utility Service - 6365 Gas - 6367 Refuse - 6400 Rentals - 6410 LOGIS 33,100 33,100 6420 Equipment Rent - 6425 Equipment Rent (IS FUND) - 6430 Building Rent (IS FUND) - 6435 Other - 6472 Conf / School/Training 1,500 1,500 6475 Travel/Subsistence 1,000 1,000 6480 Dues 350 350 6490 Subscriptions/Publications 50 50 6640 Designated Miscellaneous - 6660 Cash Over/Short - Total Supplies & Services . 180,650 63,100 180,000 423,750 6740 Capital Expenditures - 6498 Expenses Charged Back - (10,000) (10,000) Total $ 58,920 $ 227,220 $ 147,900 $ 180,000 $ 614,040