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Home My WebLink About7. 2010/2011 Finance Budget 7. CITY OF SHAKOPEE 2010-11 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: Cost per capita of Finance Dept. expenditures: (without lodging tax) Actual Budgeted Requested Requested 2008 2009 2010 2011 Expenditures $559,900 $619,090 $659,310 $673,810 Population 33,660 33,860 34,000 34,200 Expe nditure/ Ca pita $16.63 $18.28 $19.39 $19.70 Number of checks issued 7,042 7,100 7,100 7,100 Lodging tax not included in performance measures $200,000. Staff 2008 2009 2010 2011 Finance Director 1 1 1 1 Senior Accounting Clerk 1 1 1 1 Accounting Clerk 1 1 1 1 OBJECT DESCRIPTION: Description of lines items: Professional Services: Auditing services $39,000(2010) $40,560(2011), County TNT notices $3,100, 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 $183,400(2010) $189,000(2011) and county special assessment fees $1,000, OPES update in 2010 $4,400. 1 R5509BUD SH005PV CITY OF SHAKOPEE 7/21/200914:31:30 By Co, Div (pb), Object (2 Yr Bdgt) - Portrait Budget Report Page - 1 Fiscal Period: 6 I 09 Level Of Rollup 6 2007 2008 6/30/2009 200S 2010 2011 Actual Actual YTD Final Proposed Proposed Object Code I Description Amount Amount Actual Budget Budget Budget - 01000 GENERAL FUND 15 FINANCE 6000 EXPENDITURES 6001 WAGES & BENEFITS 6002 WAGES .176,156 199,893 98,210 213,450 211,600 221,600 6100 BENEFITS 52,350 61,602 28,920 71,710 79,880 79,880 6001 WAGES & BENEFITS 228,506 261,496 127,130 285,160 291,480 301 ,480 6200 SUPPLIES AND SERVICES 6201 SUPPLIES & SERVICES 2,190 2,433 870 3,000 3,000 3,000 6300 PROFESSIONAL SERVICES 426,812 421,928 259,528 467,780 498,100 500,860 6330 COMMUNICATIONS 1,986 814 324 2,450 3,460 3,460 6350 INSURANCE 5,194 7,142 444 6,610 6,210 6,400 6400 RENTALS 45,183 49,002 29,595 52,640 55,710 57,260 6470 DUESrrRAININGrrRAVEL 1,037 1,188 368 1,450 1,350 1,350 6200 SUPPLIES AND SERVICES 482,402 482,506 291,129 533,930 567,830 572,330 6500 DEPRECIATION 6600 MISCELLANEOUS 6640 DESIGNATED MISCELLANEOUS 0- 1 5 6600 MISCELLANEOUS 0- 1 5 6700 CAPITAL OUTLAY 0- 6800 DEBT SERVICE 0- -~--- 6000 EXPENDITURES 710,907 744,003 418,264 819,090 859,310 873,810 15 FINANCE 710,907 744,003 418,264 819,090 859,310 873,810 01000 GENERAL FUND 710,907 744,003 418,264 819,090 859,310 873,810 2 Finance 2010-11 Budget 2010 2011 0151 0151 Object # Description Management Management 151 6002 Wages FT - Reg. 210,100 21 O. 1 00 151 6005 Wages OT - Reg, 1,500 1,500 151 6015 Wages PT 10,000 151 6122 PERA 14,810 14,810 151 6124 FICA 16,200 16,200 151 6135 Health 33,750 33,750 151 6139 PEHP 900 900 151 6140 Life 990 990 151 6145 Dental 1 ,440 1 ,440 151 6170 Workers Comp 1,500 1,500 151 6180 Compensated Absences 6,000 6,000 151 6185 OPEB 4,290 4,290 Total Personnel 291 ,480 301,480 151 6210 Office Supplies 3,000 3,000 151 6310 Attorney 600 600 151 6316 Equipment Maintenance 600 600 151 6320 Lodging Tax 200,000 200,000 151 6327 Other Prof Services 296,900 299,660 151 6332 Postage 2,060 2,060 151 6334 Telephone 400 400 151 6336 Printing/Publishing 1,000 1,000 151 6352 Liability Insurance 6,200 6,390 151 6356 Auto Insurance 10 10 151 6410 LOG I S/software 43,470 44,800 151 6430 Building Rent (IS FUND) 12,240 12,460 151 6472 Conf / School/Training 400 400 151 6475 Travel/Subsistence 600 600 151 6480 Dues 350 350 Total Supplies & Services 567,830 572,330 151 6740 Capital Expenditures Total $ 859,310 $ 873,810 3