HomeMy WebLinkAbout5.F.4. Restricted Fund Balance-Building Permit ActivitiesTO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Restricted Fund Balance - Building Permit Activities
DATE: February 23, 2011
Introduction
Council is requested to adjust the restricted amount of General Fund -
Fund Balance for building permit activities for 2010.
Background
The cost of service study authorized by Council and performed by
Springsted showed expenditures for building permit related fees were
$459,261 more than the related revenues for 2010.
The action below increases the size of General Fund - Fund Balance
available for spending. The designated amount for building permit
activities would decrease.
Action
Move to adjust the restricted amount of General Fund - Fund Balance for
2010 building permit related activities by $459,261, from $677,293 to
$218,032 as per the Springsted model and the agreement with the
Builders Association of the Twin Cities.
Grigg Voxland
Finance Director
H :overhead /mode12010.doc
CITY OF SHAKOPEE
Memorandum
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