HomeMy WebLinkAbout20100405 - VI-13
MEMO
Honorable Mayor and City Council members
TO:
FROM: Charlene Stark, Finance Director
RE: Budget Adjustment & Transfer
DATE: March 25, 2010
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On January 19 City council approved and adopted a storm water ordinance to
be in affect the first quarter of 2010.
Attached is a budget for the new enterprise fund that has been created to
account for the financial activity for this new storm water fee.
As indicated during the 2010 budget process completed in December of 2009
$233,000 of general fund expenses will be transferred to the enterprise fund and
funded through the fee generated. Additional budget for the program, expert &
consultant, grants and capital expense associated with the program have been
included in this budget.
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The Finance committee met on March 26. This budget was reviewed and is
recommended for approval and adoption.
Council Action Requested
Approve the Storm Water Budget. Transfer expenses from the General Fund to
the Storm Water Budget
.
Budget adjustment for Storm Water Utility
Account #
101-300-3100-6101Salary-60,391.20
101-300-3100-6121FICA/Medicare-4,227.38
101-300-3100-6122PERA-4,619.92
101-300-3100-6131Insurance-4,920.24
101-300-3100-6133Life Insurance-61.75
101-300-3100-6134LTD-271.76
101-301-3200-6101Salary-119,446.16
101-301-3200-6121FICA/Medicare-8,361.24
101-301-3200-6122PERA-9,137.64
101-301-3200-6131Insurance-20,543.79
101-301-3200-6133Life Insurance-395.21
101-301-3200-6134LTD-537.51
Reduce General Fund-232,913.80
603-300-3201-5485Charges for Service430,000.00
603-300-3201-5701Interest4,000.00
Total Revenues434,000.00
603-300-3201-6101Salary179,837.36
603-300-3201-6121FICA/Medicare12,588.62
603-300-3201-6122PERA13,757.56
603-300-3201-6131Insurance25,464.03
603-300-3201-6133Life Insurance456.96
603-300-3201-6134LTD809.27
603-300-3201-6202Forms1,500.00
603-300-3201-6322Postage500.00
603-300-3201
603-300-3201-6311Expert & Consultant
603-300-3201-6402Grants10,000.00
603-300-3201-6530Improvements other then buildings20,000.00
Total Expenses264,913.80
Balance rolls to fund balance for future expenses169,086.20
Annual Equipment allotment50,000.00
Storm sewer replacement system35,000.00
Programs & Studies52,000.00
Total future needs137,000.00