Resolution - #03-01-028 - 01/28/2003

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Councilmember Kurak introduced the following resolution and moved for its adoption: RESOLUTION #03-01-028 RESOLUTION AUTHORIZING 2002 FINAL BUDGET AMENDMENT FOR THE PURPOSE OF AMENDING THE CITY'S GENERAL FUND BUDGET WHEREAS, during the year 2002, 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 the year ended December 31, 2002; 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, 2002: GENERAL FUND #101 To amend revenue activities based on budget amendments made by Council action during 2002 and actual moneys received over (under) budget from $6,212,057 to $6,420,306 for a total net increase of $208,249: Taxes Licenses and Permits Intergovermnental Revenues Charges for Services Fines and Penalties Miscellaneous Revenues Transfers in From Other Funds Equipment Revolving Fund Net Increase in General Fund Budgeted Revenues 186,792 13,838 (150,207) 137,576 12,750 7,500 0 $ 208,249 To amend expenditure activities based on actual moneys spent over (under) budget for the 2002 calendar year. This amendment incorporates budget amendments made by Council action during 2002. This amendment will amend expenditure activities from $6,212,057 to $5,979,319 for a net decrease of $232,738. Personal Services Supplies Other Services and Charges Capital Outlay Debt Service Transfers to Other Funds: Equipment Revolving Fund Net Decrease in General Fund Budgeted Expenditures $ (114,351) 6,978 (115,996) (19,340) (7,226) 17,197 $ (232,738)