HomeMy WebLinkAbout5.F.3. Reservation of Fund Balance-Building Department Activities
s. F-3.
CITY OF SHAKOPEE
Memorandum
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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: May 13, 2009
Introduction
Council is requested to revise the reservation of General Fund - Fund
Balance for building permit activities for 200B.
Background
The numbers from the Springsted model shown costs for building permit
activities exceeded revenues by $325,418 for 2008.
As a result, the reservation of fund balance from 2008 activities in
revised. This action increases the size of General Fund - Fund Balance
available for spending.
Action
Move to amend the reservation of General Fund - Fund Balance from
$1,337,014 to be $1,011,596 as a result of 2008 building permit related
activities.
G~OXland
Finance Director
H,CAFR08