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Facilities Construction Fund (10%) $137,621.46 <br />Equipment Revolving Fund (30%) $412,864.42 <br />Capital Maintenance Fund (30%) $412,864.42 <br />Public Improvement Revolving (PIR) Fund (30%) $412,864.42 <br />Notification: <br />A line item detail of the 2020 General Fund Budget is attached. The report shows a comparison of budget -to -actual <br />and an overall summary of all departments. The last page shows how the excess revenue transfer was calculated <br />based on policy. A chart of accounts is also attached to give a description of a respective line item (object #). <br />Observations/Alternatives: <br />Alternatives: <br />1. Adopt Ordinance #21-073 transferring $1,376,214.72 to the respective funds per excess revenue policy. <br />2. Adopt Ordinance #21-073 transferring $ to the respective funds per excess revenue policy. <br />Recommendation: <br />Staff recommends that $1,376,214.72 be transferred from the General Fund to the Equipment Revolving Fund in the <br />amount of $412,864.42, the Capital Maintenance Fund in the amount of $412,864.42, the Public Improvement <br />Revolving Fund in the amount of $412,864.42 and the Facilities Construction Fund in the amount of $137,621.46 <br />per the Allocation of the Excess Revenue/Deficient policy <br />Action: <br />Motion to adopt Resolution #21-073 Approving the Transfer of Excess General Fund Revenues to the Equipment <br />Revolving Fund, Facilities Construction Fund, Capital Maintenance Fund and Public Improvement Revolving <br />(PIR) at the stated rates. <br />Attachments <br />#16-05-089 Excess Revenue Policy <br />Reso #21-073 Transfer 2020 Excess Revenue <br />2020 General Fund Budget - Budget to Final Actual <br />Chart of Accounts <br />Fund Balance Charts <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 03/18/2021 02:55 PM <br />Diana Lund (Originator) Diana Lund 03/22/2021 01:54 PM <br />Form Started By: Diana Lund Started On: 03/12/2021 08:44 AM <br />Final Approval Date: 03/22/2021 <br />