2019.02.26 CC Packet - Laserfiche WebLink

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REQUEST FOR COUNCIL CONSIDERATION ITEM DESCRIPTION: Consideration of the Resolution Amending the 2018 General Fund Budget DEPARTMENT HEAD’S APPROVAL: Brenda Davitt CITY MANAGER’S APPROVAL: No comments to supplement this report ___ Comments attached ___ Recommendation: To adopt the Resolution Amending the 2018 General Fund Budget. Purpose: To improve the readability of the Annual Financial Report, small individual fund types, such as Parks Donations, Operating Grants, DUI & Drug Forfeitures, and General Projects, are combined into the General Fund. Legislative History: The City annually adopts budgets on the basis set forth by State Statute, and generally accepted accounting principles. Although the City adopts a budget, additional measures are necessary to show that all expenditures within the General Fund are within budget appropriations when presented in the annual financial statement. Explanation: The year-end budget adjustments reflect the additional revenue and expenditures that are offset by unbudgeted grants donations or forfeitures. On August 15, Council approved an agreement with the State of Minnesota Department of Public Safety and the Minnesota Chiefs of Police Association for Public Safety Center Training Room Technology Upgrades. A budget amendment is also required to reflect the additional revenue and expenditures incurred with this agreement. The following amendment to the 2018 General Fund Budget is submitted for Council consideration: Agenda Section: Consent Report Date: February 20, 2019 Council Meeting Date: February 26, 2019 Function Program Amount Public Safety DUI Forfeitures 26,800$ Public Safety Santa Cop 16,700 Public Safety Safe & Sober Grant 8,600 Public Safety Training Room Technology Upgrades 56,900 Total Revenues & Expenditures 109,000$