HomeMy WebLinkAbout5.F.4. Reservation of Fund Balance-Building Permit Activities
S.F. 1.
CITY OF SHAKOPEE
Memorandum CO~JSfNT
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Reservation of Fund Balance - Building Permit Activities
DATE: April 7, 2010
Introduction
Council is requested to adjust the reservation of General Fund - Fund
Balance for building permit activities for 2009.
Background
The cost of service study authorized by Council and performed by
Springsted showed expenditures for building permit related fees were
$334,303 more than the related revenues for 2009.
The action below increases the size of General Fund - Fund Balance
available for spending. The reserved amount for building permit
activities would decrease.
Action
Move to adjust the reservation of General Fund - Fund Balance for 2009
building permit related activities by $334,303, from $1,011,596 to
$677,293 as per the Springsted model and the agreement with the
Builders Association of the Twin Cities.
jJ
Gregg Voxland
Finance Director
H:overhead/mode12009.doc