Agenda - Council - 03/10/2015 - Laserfiche WebLink

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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #15-03-055 RESOLUTION AUTHORIZING 2014 FINAL BUDGET AMENDMENT FOR THE PURPOSE OF AMENDING THE CITY'S GENERAL FUND BUDGET WHEREAS, during the year 2014, 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, 2014; 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, 2014; GENERAL FUND #101 To amend revenue activities based on budget amendments made by Council action during 2014 and actual moneys received over (under) budget from $9,750,135 to $10,083,743 for a total net increase of $333,608: Taxes $ 90,277 Licenses and Permits (52,862) Intergovernmental Revenues 32,350 Changes for Services 101,940 Fines and Penalties (3,784) Miscellaneous Revenues 60,270 Interest Earnings 134,969 Transfers in From Other Funds (29,552) Net Increase in General Fund Budgeted Revenues $ 333,608 To amend expenditure activities based on actual moneys spent over (under) budget for the 2014 calendar year. This amendment incorporates budget amendments made by Council action during 2014 and also calculating in the estimated excess revenue over expenditures for 2014 which are transferred per policy. This amendment will amend expenditure activities from $9,750,135 to $10,010,417 for a net increase of $260,282. General Government $ (125,622) Public Safety (241,259) Public Works 27,844 Parks and Recreation 19,906 Contingency (107,487) Transfers to Other Funds -Excess Revenue Transfer 686,900 Net Increase in General Fund Budgeted Expenditures $ 260,282