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FINANCE COMMITTEE <br />CITY OF RAMSEY <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br /> <br />The Rom~y Finance Committee conducted a regular meeting on Tuesday, April 27, 1993 at the <br />RamseyMunicipal Center, 15153 Nowthen Boulevard N.W., Ramsey, Minnesota. <br /> <br />Members Present: <br /> <br />Mayor Jornes Gilbert. son <br />Councilmember Glen Hardin (arrived at 6:25 p.m.) <br />Councilmember Kenneth Peterson <br />Councilmember Gerald Zimmerman <br /> <br />Members Absent: Councilmember Sheila Beyer <br /> <br />Also Present: <br /> <br />CALL T° ORDER <br /> <br />City Administrator Ryan Schroeder <br />Finance Officer Sandra Ashley Helling <br />City Engineer Steven Jankowski (arrived at 6:26 p.m.) <br />Police Chief Michael Auspos <br />Investigator Jeffrey Ameson <br />Public Works Supervisor Merle Mevissen <br />Project Manager James G-romberg <br /> <br />Councilmember Peterson called the regular Finance Committee meeting to order at 6:05 p.m. <br /> <br />CITIZEN INPUT <br /> <br />None <br /> <br />APPROVE AGENDA <br /> <br />Consensus was to approve the agenda as presented. <br /> <br />COMMITTEE BUSINESS <br /> <br />Case t/l: Final Budget Amendment for Year Ended December 31, 1992 <br /> <br />Finance Officer Helling stated that all budgets have to be amended by resolution every year. This <br />resolution amends cost center personal service budgets for wage contract settiements, establishes <br />additional bad debt reserve for delinquent fire bills, transfers funds to the City's Equipment <br />Replacement Fund and establishes or amends Special Revenue Fund budgets. <br /> <br />Motion by Councilmember Zimmerman and seconded by Mayor Gilbenson to recommend Council <br />adopt thZ Resolution authorizing 1992 final budget amendment for the purpose of amending certain <br />special revenue fund budgets and the City's General Fund. <br /> <br />Motion carried. Voting Yes: Mayor Gilbcrtson, Councilmembers Zimmerman and Peterson. <br />Voting No: None. Absent: Couneilmembers Beyer and Hardin. <br /> <br />Case W2: General Fund - Designated Balance for Working Capital <br /> <br />Finance Officer Helling stated that the designation of working capital within a fund balance is for <br />the purpose of identifying cash flow resources to support operations until revenues are received. <br />Since 1986, the City of Ramsey has designated the year-end working capital portion of the General <br />Fund Balance based on the level of intergovernmental revenue for all Governmental Fund Types <br />and Expendable Trust Funds received in that year. She stated that this designation results in <br /> Finance Committee/April 27, 1993 <br /> Page I of 3 <br /> <br /> <br />