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

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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #14-03-050 RESOLUTION AUTHORIZING 2013 FINAL BUDGET AMENDMENT FOR THE PURPOSE OF AMENDING THE CITY'S GENERAL FUND BUDGET WHEREAS, during the year 2013, 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, 2013; 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, 2013; GENERAL FUN) #101 To amend revenue activities based on budget amendments made by Council action during 2013 and actual moneys received over (under) budget from $10,293,837 to $9,991,130 for a total net decrease of $302,707: Taxes $ 36,912 Licenses and Permits 275,698 Intergovernmental Revenues 51,259 Changes for Services (241,102) Fines and Penalties (15,891) Miscellaneous Revenues 31,300 Interest Earnings (183,850) Transfers in From Other Funds (257,033) Net Decrease in General Fund Budgeted Revenues $ (302,707) To amend expenditure activities based on actual moneys spent over (under) budget for the 2013 calendar year. This amendment incorporates budget amendments made by Council action during 2013 and also calculating in the estimated excess revenue over expenditures for 2013 which are transferred per policy. This amendment will amend expenditure activities from $10,293,837 to $9,991,130 for a net decrease of $302,707. General Government $ (12,644) Public Safety (210,170) Public Works (953,145) Parks and Recreation (14,934) Contingency (131, 823) Transfers to Other Funds -Excess Revenue Transfer 1,020,009 Net Decrease in General Fund Budgeted Expenditures $ (302,707)