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HomeMy WebLinkAboutVIII-06 - Budget Carryovers 2018 to 2019 City Council Memorandum To: Mayor Fasbender & City Councilmembers From: Melanie Lammers, Finance Manager Date: February 19, 2019 Item: Budget Carryovers – 2018 to 2019 Council Action Requested: Staff requests Council approval to carryover expense budgets from the 2018 budget to the 2019 budget for unspent donations. Background Information: A balanced budget is adopted before the beginning of a fiscal year. Current practice is to allow the budget amount for capital items that are not purchased in a budget year due to extenuating circumstances to be moved to the next fiscal year. A capital item is an individual purchase greater than $5,000 with a useful life greater than one year. The requests include Capital Fiber costs ($25,000), Arts Task force ($10,000), and a grant for a gateway sign ($25,000). The fiber project in a partnership with Dakota county and was anticipated to be done in 2018. It has not progressed as quickly as anticipated, so we believe it will be completed in 2019. The Arts Task force did not use their funding in 2018 and requests a carryforward. Finally we had budgeted for a gateway sign in 2018. We were able to secure a grant in 2018. We request the grant dollars be rolled into 2019 and an additional gateway sign be completed. We encourage all departments to get their capital purchases done in the first eleven months of the year, as an item must be delivered in the year it goes on the books. The Fire & EMS Department was unable to get their marked Tahoe delivered in 2018. We request to carry the dollars for the Tahoe into 2019 as we are required to keep the expenditure in the year the vehicle was received ($42,000). Donations are accepted by the City Council and designated for a special purpose. Donations received by departments can be carried to the next fiscal year for two years before reverting to the fund balance if not spent. The donation amounts requested on the schedule are consistent with prior practice. VIII-06 Financial Impact: All items are currently in the 2018 budget and remain unspent. Advisory Commission Discussion: N/A Council Committee Discussion: N/A Attachments: Listing of budget carryover requests VIII-06 2018 Spent Carryover Account # Description Budget YTD  Request Capital & Initiative Items: 101‐160‐1601‐6570 Capital Fiber Costs 25,000.00   25,000.00        101‐102‐1021‐6450 Arts Task Force 10,000.00    ‐             10,000.00        101‐105‐1051‐6571 Gateway Sign 25,000.00   25,000.00        213‐210‐2100‐6540 Marked Tahoe 42,000.00   42,000.00        2018 Spent Carryover Account # Description Budget YTD Request Donations: 101‐401‐5002‐6494 Arbor Day/Forestry Donations 1,400.00      550.00     850.00             200‐401‐4454‐6494 Safety Camp 1,000.00       ‐             1,000.00          200‐401‐4440‐6494 Memorial Benches 20,750.00   7,729.25  13,020.75        200‐401‐4445‐6494 Performances in the Park 2,100.00      1,172.20  927.80             200‐401‐4445‐6494 Storytime in the Park 302.53         302.53     ‐                   200‐401‐4445‐6494 Movies in the Park 2,761.00      2,423.00  338.00             401‐401‐4101‐6494 Pavillion Paver 7,000.00      7,000.00          200‐401‐4460‐6494 Youth First ‐ Halloween 2,659.90      2,465.06  194.84             101‐201‐2010‐6494 Police‐ Bike Helmets 400.00         400.00             101‐201‐2010‐6494 Police‐ Bike Safety 100.00         100.00             101‐201‐2010‐6494 Police ‐ General 2,119.63      2,119.63  ‐                   101‐201‐2219‐6494 Police ‐ K‐9 Program 2,560.00      2,560.00  ‐                   221‐201‐2021‐6494 Police Reserves 4,100.00      569.37     3,530.63          213‐220‐2200‐6494 Ambulance 100.00          ‐             100.00             213‐210‐2100‐6494 Fire Prevention‐ Materials 500.00         500.00             213‐210‐2100‐6494 Fire & EMS ‐ General 1,170.00       ‐             1,170.00          213‐210‐2100‐6494 Fire & EMS ‐ AED 1,600.00      1,600.00          210‐170‐1704‐6494 Pioneer Room 1,039.63      375.00     664.63             TOTAL 31,396.65$     * Donations have historically remained in a department's expense budget for two consecutive years before reverting    to fund balance. Amounts presented here reflect only those funds eligible for roll‐forward to the 2019 budget. Budget Carryover Requests ‐ 2018 to 2019 VIII-06