HomeMy WebLinkAbout7.F.5. 2006 Budget Amendment Resolution No. 6462
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CITY OF SHAKOPEE
Memorandum CONSENT
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
RE: 2006 Budget Amendment Resolution No. 6462
DATE: September 12, 2006
Introduction
Attached is Resolution Number 6462, which amends the 2006
Budget.
Background
The 2006 budget needs to be amended for several items listed
below. This is simply "housekeeping", items have already been
before Councilor are reallocations among divisions. The
exception is the revenue reduction for the decrease in building
activity and the rate reductions for the related fees.
1. City Clerk - imaging carried over from 2005, $20,000 from
fund balance.
2. IT - Storage Area Network carried over from 2005, $49,000
from fund balance.
3. Police donations - $6,625.
4. Police Buffer Zone Grant - $48,370.
5. Police school Grant - $25,000.
6. Fire - donations - $7,500.
7. Building permit revenue reduction - $1,300,000.
8. Telecommunications I-Net to new PW building from 2005 -
$14,230.
The 1/1/06 General Fund Fund Balance, less the reserved amount for
building activities, is $8,199,267. This resolution reduces projected
fund balance based on budget by $1,369,000 to $6,387,067 which is 39%
of the revised 2006 expenditures and transfers. Council's target
range is 40 to 45%.
Action
Offer Resolution Number 6462, A RESOLUTION AMENDING RESOLUTION
NO. 6343 A RESOLUTION ADOPTING THE 2006 BUDGET, and move its
adoption.
RESOLUTION NO.6462
A RESOLUTION AMENDING RESOLUTION NO. 6343
A RESOLUTION ADOPTING THE 2006 BUDGET
WHEREAS, the City Council of the City of Shakopee has adopted a
Budget for 2006, and
WHEREAS, due to changing conditions and circumstances, there is
reason to amend the Budget,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SHAKOPEE, MINNESOTA, that the 2006 Budget is amended as
follows:
General Fund
Division
City Clerk $ 20,000
IT 49,000
Police 79,995
Fire 7,500
Revenue - Police Grants 73,370
Revenue - Police Donations 6,625
Revenue - Fire Donations 7,500
Revenue - Permits -1,300,000
Telecommunications Fund - expenditures 14,230
Adopted in session of the City Council of the City
of Shakopee, Minnesota held this day of December, 2006.
Mayor of the City of Shakopee
ATTEST:
City Clerk
CITY OF SHAKOPEE
2006 GENERAL FUND BUDGET SUMMARY
Original Res. 6462
2006 2006
Estimate Amended
Revenue
Taxes $9,379,850 $9,379,850
Special Assessments
Licenses and Permits 2,813,000 1,513,000
Intergovernmental 285,000 358,370
Charges for Service 1,087,660 1,087,660
Fines and Forfeits 267,000 267,000
Miscellaneous 201,000 215,125
Total Revenue 14,033,510 12,821,005
Expenditures
General Government 3,428,680 3,497,680
Public Safety 7,282,680 7,370,175
Public Works 2,740,710 2,740,710
Recreation 1,171,530 1,171,530
Miscellaneous 160,000 160,000
Total Expenditures 14,783,600 14,940,095
Excess (deficiency) Revenues
over Expenditures (750,090) (2,119,090)
Other Sources 1,625,000 1,625,000
Other Uses (1,318,110) (1,318,110)
Excess (deficiency) Revenues
& Other Sources Over
Expenditures & Other Uses ($443,200) ($1,812,200)
Available Fund Balance December 31 $7,756,067 $6,387,067
48% 39%