Agenda - Council - 01/24/2006 - Laserfiche WebLink

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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #05-01-3LXX RESOLUTION AUTHORIZING 2005 FINAL BUDGET AMENDMENT FOR THE PURPOSE OF AMENDING THE CITY'S GENERAL FUND BUDGET WHEREAS, during the year 2005, 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, 2005; 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, 2005: GENERAL FUND #101 To amend revenue activities based on budget amendments made by Council action during 2005 and actual moneys received over (under) budget from $8,806,017 to $8,899,455 for a total net increase of $93,438: Taxes Licenses and Permits Intergovernmental Revenues Charges for Services Fines and Penalties Miscellaneous Revenues Interest Earnings Transfers in From Other Funds Net Increase in General Fund Budgeted Revenues $ (128,502) (144,713) 14,500 266,761 24,014 37,818 20,000 3,560 $ 93,438 To amend expenditure activities based on actual moneys spent over (under) budget for the 2005 calendar year. This amendment incorporates budget amendments made by Council action during 2005. This amendment will amend expenditure activities from $8,806,017 to $8,330,359 for a net decrease of $475,658. Personal Services Supplies Other Services and Charges Capital Outlay Transfers to Other Funds: Equipment Revolving Fund Net Decrease in General Fund Budgeted Expenditures $ (273,560) (32,311) (87,394) (12,580) (69,813) -147-