Agenda - Council - 03/11/2014 - Laserfiche WebLink

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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #14-03-048 RESOLUTION AMENDING THE 2013 CITY OF RAMSEY ENTERPRISE FUNDS BUDGETS WHEREAS, during the year 2013, the Ramsey City Council acted on matters impacting revenue and expenditures budgets of the City's enterprise funds for items that were not included in the original budget for the year ended December 31, 2013; and WHEREAS, for financial reporting purposes, amendments to the City's enterprise funds budgets are to be made in the form of a Budget Amendment Resolution; and WHEREAS, the following budget amendments are required to confirm Council's actions taken by motion and/or discussion and to reflect actual activity for the year ended December 31, 2013: WATER UTILITY FUND #601 To amend revenue activities based on budget amendments made by Council action during 2013 and actual moneys received over (under) budget from $1,883,758 to $1,795,542 for a total net decrease of $88,216: Interest Earnings -Write down investments to MV $(333,783) Water Sales 203,169 Miscellaneous -Internal Loan Repayment -Muni Center 42,398 Net Decrease in Water Utility Fund Budgeted Revenues $(88,216) To amend expenditure activities based on wage contract settlements, budget amendments made by Council action during 2013 and actual moneys spent over (under) budget from $1,336,558 to $1,319,558 for a total net decrease of $17,000: Personal Services $18,850 Supplies (meter reading system) 17,259 Other Services and Charges (13,636) Transfers 0 Depreciation (39,473) Net Decrease in Water Utility Fund Budgeted Expenses $(17,000) SEWER UTILITY FUND #602 To amend revenue activities based on budget amendments made by Council action during 2013 and actual moneys received over (under) budget from $1,316,713 to $1,223,935 for a total net decrease of $92,778: