ITEM 3.7�' Request for
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"`egOtso City Council Action
MINNESOTA
DEPARTMENT INFORMATION
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Finance Finance Director roen December 10. 2012
PRESENTER(s): REVIEWED BYITE #;
Consent Agenda City Administrator Johnson 3.7 2012 General fund budget
revisions
AGENDA ITEM DETAILS
RECOMMENDATION:
City staff recommends the City Council approve the 2012 General Fund budget amendments as further
described below.
ARE YOU SEEKING APPROVAL OF A CONTRACT? IS A PUBLIC HEARING ftELiLlll2ED?
No I Na
The original 2012 General Fund Revenue and Expenditure budgets were approved by the City Council on
December 12, 2011. During the course of the year there have been changes to the original budget plan
that require your review and approval. They are as follows:
1) The park maintenance department budget originally included $30,000 for part time seasonal help.
The organizational structure of the public works department was charged in 2012. With the charge,
$12,000 of the part time payroll budget was allocated to the street maintenance department and
$18,000 remained in the park maintenance budget. This budget revision shifts $12,000 in part time
payroll from the parrs maintenance department to the street maintenance department.
2 The City established a Development Fund #255 to account for the City's economic development
activities. The tax abatement agreements entered into by the City are a development activity to be
accounted for in the newly established Development Fund. The 2012 budget includes $11.,135 in tax
abatement revenue and expenditures. Both the revenue and expenditures originally budgeted in the
General Fund for 2012 will be reported in the Development Fund #255.
The net effect of the budget revisions is to reduce the total General Fund revenue and expenditure
budgets from $3,571,.172 to $3,560,037.
SUPPORTING DOCUMENTS: D ATTACHED X HONE
POSSIBLE MOTION
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lease word motion as you would like It to appear In the minutes.
�pprove the 2012 General Fund budget revisions as presented.
BUDGET INFORMATION
FUNDING:
N/A
kCTION TAKEN
.......... ................. .
BUDGETED: ❑ YES
N/A n NO
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APPROVED AS REQUESTED a DENIED u TABLED o OTHER (List changes)
OMMENTS: