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Changes in the Budget since August/September <br /> <br />There have been a few changes in the preliminary budget since the Council meeting in <br />August/September. <br />First, the good news. The police contract is down approximately $14,987 from the <br />preliminary budget due to lower than expected health care costs. <br />Second, the (maybe) bad news. We are not sure if St. Katherine is going to continue to <br />The 2014 City contribution to NYFS is <br />$15,087. This contribution to NYFS by St. Katherine on behalf of the City is completely <br />voluntary. St. Katherine operates gaming activities at Pot O Gold. Staff will continue to <br />work with our contact at St. Katherine on this financial issue. This expense has not been <br />added to the budget. This type of budget uncertainty is a good reason for the Council to <br /> <br />Finally, an organizational change. Due in part to questions raised by Councilmember <br />Holmes, the TCAAP budget has changed significantly since August/September. On May <br />28, 2013, the City Council authorized a $500,000 loan (at 3% interest) from the PIR fund <br />to cover TCAAP related expenses. This loan was mainly for the Kimley-Horn contract <br />for the Master Plan and AUAR. Initially, staff thought that from an accounting <br />perspective, it would be best to keep this loan and the expenses separate from the general <br />fund; but now staff thinks that it should keep all the TCAAP expenses together and <br />include everything in the general fund budget. While this makes all the TCAAP <br />expenses more it also makes the total general fund budget <br />year-to-year comparisons more difficult. <br />(Prior to 2012, the TCAAP budget was classified as a Special Revenue Fund. In 2012, <br />due to GASB 54 requirements, the TCAAP fund was reclassified as part of the General <br />Fund.) <br />With this recording of revenues and expenditures change, TCAAP in the general fund <br />now shows a $500,000 revenue budget amendment in 2013 and the Kimley-Horn <br />expenses for the planning contract will be in both the amended 2013 and proposed 2014 <br />TCAAP budgets. Making the year-to-years general fund comparisons even more <br />challenging is that the TCAAP budgets now also include the 2013 Ramsey County <br />requested and authorized amendment to the Kimley-Horn contract for the I-35W <br />intersection reports. With this County amendment, the revenues and expenses will be in <br />both 2013 and 2014. <br />With the TCAAP changes, the general fund totals are now as shown below: <br /> <br /> Revenues Expenditures <br />2013 adopted $4,130,407 $4,150,861 <br />2013 amended 4,678,987 4,493,703 <br />