Regular 7.
Regular City Council Meeting
- Meeting Date:
- 05/10/2010
- TITLE
- Public Hearing and Approval of Resolution Approving and Adopting Third Quarter Budget Amendments for Fiscal Year 2009/2010
- PRESENTED BY:
- Patrick M. Weber
- Department:
- City Hall Administration
Presentation:
PROBLEM/ISSUE STATEMENT
First Quarter Budget amendments are requested for the following:
The costs for the 2009 primary and general elections were $114,032 because the City was the only entity that conducted an election. $40,000 was budgeted in the FY 10 budget. Reserves will be used for this amendment to Nondepartmental in the General Fund.
The City Council per resolution 08-18762, reduced the SID 1380 assessment for the Terra West residents. The amount that was reduced was $25,555. Reserves will be used for this transfer from Nondepartmental in the General Fund to the SID 1380 Debt Service Fund.
The Parks Department received a donation for equipment. Not all the equipment was purchased in FY 09, so this is a rebuget to FY 10.
The Parks Department needs additional budget authority of $45,000 to remove a rock from the Rims that may fall and damage private property. Reserves will be used for this amendment in the General Fund. They will also need budget authority to mow weeds for Code Enforcement for $20,000, which will be billed to the property owners.
Community Development requests budget authority to spend revenues received for grant writing assistance in the amount of $3,759.
The City Attorney Victim/Witness Fund has requested using additional surcharge money to help offset the General Fund contribution for wages.
The Parks Department has requested, per an agreement dealing with Cotton Wood Park, money be transferred from the Park Acquisition and Development Fund to the Cotton Wood Park fund.
The South TIF fund will transfer revenue received from the Miller Crossing Development to the Miller Crossing TIF fund. The money will then be transferred from the Miller Crossing TIF fund to the Miller Crossing SID Debt Service Fund.
The Information Technology fund needs a budget amendment for the FY 09 payment to Innoprise, which is a non-cash transaction in FY 10. The City will be partnering with the County to purchase a firewall security appliance, which will be funded with reserves.
MET Transit needs additional budget authority to cover a number of items related to the new Downtown Transfer Center. Some street changes, additional costs for the waterline and snow removal equipment. These items were all eligible under the Federal Transit Authority's grant program. Subsequently, 80% was paid for with grant funds and 20% was paid for with available local capital funds. This adjustment to Transit's capital funds will provide the budget to balance these capital accounts.
There will be more SIDs done in FY 10 that was originally anticipated. This amendment gives budget authority for the bond sales.
The costs for the 2009 primary and general elections were $114,032 because the City was the only entity that conducted an election. $40,000 was budgeted in the FY 10 budget. Reserves will be used for this amendment to Nondepartmental in the General Fund.
The City Council per resolution 08-18762, reduced the SID 1380 assessment for the Terra West residents. The amount that was reduced was $25,555. Reserves will be used for this transfer from Nondepartmental in the General Fund to the SID 1380 Debt Service Fund.
The Parks Department received a donation for equipment. Not all the equipment was purchased in FY 09, so this is a rebuget to FY 10.
The Parks Department needs additional budget authority of $45,000 to remove a rock from the Rims that may fall and damage private property. Reserves will be used for this amendment in the General Fund. They will also need budget authority to mow weeds for Code Enforcement for $20,000, which will be billed to the property owners.
Community Development requests budget authority to spend revenues received for grant writing assistance in the amount of $3,759.
The City Attorney Victim/Witness Fund has requested using additional surcharge money to help offset the General Fund contribution for wages.
The Parks Department has requested, per an agreement dealing with Cotton Wood Park, money be transferred from the Park Acquisition and Development Fund to the Cotton Wood Park fund.
The South TIF fund will transfer revenue received from the Miller Crossing Development to the Miller Crossing TIF fund. The money will then be transferred from the Miller Crossing TIF fund to the Miller Crossing SID Debt Service Fund.
The Information Technology fund needs a budget amendment for the FY 09 payment to Innoprise, which is a non-cash transaction in FY 10. The City will be partnering with the County to purchase a firewall security appliance, which will be funded with reserves.
MET Transit needs additional budget authority to cover a number of items related to the new Downtown Transfer Center. Some street changes, additional costs for the waterline and snow removal equipment. These items were all eligible under the Federal Transit Authority's grant program. Subsequently, 80% was paid for with grant funds and 20% was paid for with available local capital funds. This adjustment to Transit's capital funds will provide the budget to balance these capital accounts.
There will be more SIDs done in FY 10 that was originally anticipated. This amendment gives budget authority for the bond sales.
ALTERNATIVES ANALYZED
The Council may: Approve the request budget amendments; or Not approve the request budget amendments.
FINANCIAL IMPACT
The requested budget amendments will be funded by additional revenues or reserves.
RECOMMENDATION
Staff recommends that the City Council conduct a public hearing and approve the resolution approving and adopting the budget amendments for Fiscal Year 2009/2010 per attached.