Agenda - Council - 01/27/2009 - Laserfiche WebLink

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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #09- 01 -XXX RESOLUTION AUTHORIZING 2008 FINAL BUDGET AMENDMENT FOR THE PURPOSE OF AMENDING THE CITY'S GENERAL FUND BUDGET WHEREAS, during the year 2008, the Ramsey City Council acted on matters impacting revenue and expenditures budgets of the City's General fund for items that were not included in the original budget for December 31, 2008; and WHEREAS, for financial reporting purposes, amendments to the City's General Fund Budget are to be made in the form of a Budget Amendment Resolution; and WHEREAS, the following budget amendments are in addition to those previously adopted and are required to reflect actual activity for the year ended December 31, 2008; GENERAL FUND #101 To amend revenue activities based on budget amendments made by Council action during 2008 and actual moneys received over (under) budget from $10,049,236 to $9,837,263 for a total net decrease of $211,973: Taxes $ (59,896) Licenses and Permits 113,604 Intergovernmental Revenues (179,030) Changes for Services (105,041) Fines and Penalties 16,559 Miscellaneous Revenues 1,831 Interest Earnings 0 Transfers in From Other Funds 0 Net Decrease in General Fund Budgeted Revenues $ (211,973) To amend expenditure activities based on actual moneys spent over (under) budget for the 2008 calendar year. This amendment incorporates budget amendments made by Council action during 2008. This amendment will amend expenditure activities from $10,469,236 to $10,026,247 for a net decrease of $442,989. $420,000 was added to the original 2008 General Fund adopted budget to allow for the expensing of a fire truck and water tank in 2008 that was originally budgeted for in 2007. Personal Services $ (249,001) Supplies (16,329) Other Services and Changes (219,545) Capital Outlay (33,114) Transfers to Other Funds 75,000