Resolution - #99-10-193 - 10/12/1999

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Councilmember Zimmerman introduced the following resolution and moved for its adoption: RESOLUTION #99-10-193 RESOLUTION AUTHORIZING 1999 BUDGET AMENDMENT FOR PURPOSE OF AMENDING GENERAL FUND EXPENDITURES WHEREAS, during the year 1999, the Ramsey City Council acted on matters impacting expenditures budgets of the City's General Fund for items that were not included in the original budget for the year ended December 31, 1999; and WHEREAS, for the year ending December 31, 1998, $422,638 was placed in the reserves of the General Fund to be expensed in 1999 for purchases that were authorized and budgeted for in the City's 1998 budget; and WHEREAS, Staff requested that over-budgeted General Fund expenditures be offset by other General Fund expenditures that were under-budget, therefore, the net result to expenditures is zero; and WHEREAS, the following budget amendments are required to confirm Council's actions taken by motion and/or discussion, to reflect actual activity and staff requests for the General Fund Expenditure budget. GENERAL FUND # 101 To amend expenditure activities based on budget amendments made by Council action during 1999, application of the Excess Revenue Policy held in General Fund Reserves, staff requests and actual moneys spent over (under) budget from $4,397,903 to $4,820,541 for a net increase of $422,638: Personnel Services Supplies Other Services and Charges Capital Outlay Debt Service Transfers to Other Funds: Equipment Revolving Fund Net Increase in General Fund Budgeted Expenditures 2,000 5,000 45,183 370,900 -18,500 18,055 $422,638 NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, that the City Council hereby directs the Finance Officer to enter these budget amendments into the City's financial records.