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HomeMy WebLinkAbout11.F.1. 2015 Budget Amendment - Res. No. 7644 10111.11111 General Business 11. F. 1. SHAKOPE E TO: Mayor and City Council FROM: Jean McGann, Interim Finance Director DATE: 11/17/2015 SUBJECT: 2015 Budget Amendment - Res. No. 7644 (C) Action Sought Action Sought: Approve Resolution 7644 amending the 2015 budget. Background: The 2015 Budget was adopted on December 2, 2014 and staff continually monitors this budget to ensure revenues and expenditures are within the budget parameters of the adopted budget. In reviewing the budget to actual information for 2015, it has been noted that the Fire Department part time wages expenditures exceed the 2015 established budget. One component of the increased expenditures is due to a wage increase for paid-on-call firefighters.that was approved in late 2014, with a January 1, 2015 effective date, yet this does not fully explain the budget shortfall. Budgeted wage amounts for all Departments are calculated by the Finance Department, and for an unknown reason, only $255,000 was included in the 2015 budget for part-time wages in the Fire Department. This is despite the fact that $270,507 was spent on this category in 2013 and $276,711 in 2014. Staff projects the Fire Department part time wages will exceed the 2015 Adopted budget by $64,600. Fire Department ;Account `Account 2015 2015 !Budget I Proposed Description Actual Budget !Amendment 2015 Request Amended ,. ., Bud et 6015 Wages - $214,004 $255,000 $60,000 $315,000 Part time/Temp 6124 FICA $ 11,062 $ 22,500 $ 4,600 $ 16,100 1$266,500 $64,600 $331,100 In order to make this budget amendment, staff recommends reducing the 2015 Administration budget wages by $64,600. This reduction is possible due to vacancies in Administration during 2015. In preparing the 2016 budget, the Fire Department wages allocation has been correct to reflect the appropriate budgetary amount for 2016. Attachments: Resolution 7644 RESOLUTION NO. 7644 A RESOLUTION AMENDING THE 2015 BUDGET WHEREAS,THE CITY COUNCIL APPROVED THE 2015 BUDGET ON DECEMBER 2, 2014 and WHEREAS, it is desired to amend the 2015 approved budget, now BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY COUNCIL OF THE CITY OF SHAKOPEE, MINNESOTA that the 2015 Budget be amended as follows; Original 2015 Amended 2015 Expenditure Budget Expenditure Budget General Fund Administration $1,389,590 $1,324,990 Fire 1,907,846 1,972,446 Adopted in session of the City Council of the City of Shakopee, Minnesota held this 17th day of November, 2015. Mayor of the City of Shakopee ATTEST: City Clerk