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HomeMy WebLinkAboutResolution 78-2002 RESOLUTION NO. 78-02 A RESOLUTION AMENDING THE 2002 BUDGET AND MAKING TRANSFERS OF FUNDS WHEREAS,there is a need to adjust the budget to respond to the actual revenues and expenditures being experienced in fiscal year 2002, and BE IT RESOLVED by the City Council that the City Manager be authorized to make the following budget adjustments, including the use of Contingency of$16,750 identified for Police Capital: Final Budget Amendment, 2002 Budget General Fund Revenues Account# Description Change Finance 1014154441.04 Professional Services 8,400 1014154441.05 Reclaimed Income 4,600 1014154441.08 Reimbursed Expenditures 30,000 Library 1014554367.00 Grants 15,250 Total Change 58,250 ' General Fund Expenditures Account# Description Change City Manager 1014065101.00 Regular Pay 2,000 1014065427.02 Registration &Training 700 10140655429.01 Memberships& Dues 400 Finance 1014155101.00 Regular Pay 12,000 1014155123.00 Group Insurance 5,000 1014155422.02 Auditing Services 17,000 1014155422.03 Consulting/Engineering 6,000 1014155426.00 Advance for Postage 8,000 1014155920.00 Fumiture& Equipment 3,000 Police 1014215101.00 Regular Pay (2,000) 1014215930.00 Machinery 8 Auto 16,750 General Govemment Buildings 1014175425.05 Maintenance Buildings (7,000) Street 1014315422.07 Contracting Services (2,100) Library 1014555910.00 Grants- Computer 15,250 Non-Departmental 1014055856.99 Contingency (16,750) Total Change 58,250 Net Difference BE IT RESOLVED by the City Council that the City Manager be authorized to reverse the budget amendment authorized in Resolution 39-02. The $100,000 transfer from General Fund Contingency to the Ice Arena was authorized and completed, but the budget amendment should not have been made. BE IT RESOLVED by the City Council that the City Manager be authorized to transfer $16,391.90 from the Multiplex Phase II Fund to the Multiplex Phase I Fund and transfer $15,585.04 from the City Manager Contingency to the Multiplex Phase I Fund. These transfers will allow the Multiplex Phase I&Phase II Funds to be closed. BE IT RESOLVED by the City Council that the City Manager be authorized to transfer $585,000 from the 75%2"d Penny to the Airport Enterprise Fund as a cash flow loan. The Airport project has been completed, but all grant dollars have not been received. This transfer will keep the fund with positive cash balance at the end of the year. NOW THEREFORE, BE IT RESOLVED that the 2002 Budget is amended as described above. Passed and approved this 17th day of December 2002. CITY OF BROOKIN S ,-- � ` � Vugil H 'ott,Mayor 00 f�,,...�a�O� : � �" o•••� : 9���O �'� � �1 UY�"l� �o�. :� s°��iO1T1eS,Clty CIefIC �