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Page 1 of 2 <br />CONSENT ITEM – 8B <br />MEMORANDUM <br />DATE: March 10, 2025 <br />TO: Honorable Mayor and City Councilmembers <br />Jessica Jagoe, City Administrator <br />FROM: Joua Yang, Finance Director <br />SUBJECT: 2024 Budget Carryovers <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br />Council Should Consider <br />Motion(s) to approve, table or deny the following: <br />Carryover budget funds from 2024 to 2025 for equipment purchases delayed due to supply <br />chain issues and infrastructure projects yet to be completed. <br />Discussion <br />Carryovers <br />It has been past practice to permit the carryover from one year to the next of unspent monies for <br />specific purposes so budget amounts are better matched with revenues and expenditures. <br />Equipment purchases approved by Council in 2024 have not yet been received mainly due <br />to supply chain issues. <br />Several Lake Johanna Fire Department capital items have been delayed. <br />Infrastructure projects normally take more than one year to finalize. <br />Staff is asking for a reduction in the 2024 budget and a corresponding increase to the 2025 budget <br />for the following items: <br />Fund Account No. Amount Description <br />Equipment Fund 408-48100-45800 $45,000 Replacement of Two 2021 Toro Z Lawn <br />Mowers #473 & #474 <br />LJFD Capital 412-48120-45500 $1,950 Tire Replacement <br />LJFD Capital 412-48120-45200 $16,890 LJFD Station Capital <br />PIR Fund 411-48540-45900 $530,000 2024 PMP <br />PIR Fund 411-48537-45900 $151,120 Lexington Avenue – Ramsey County project <br />PIR Fund 411-48321-45900 $193,000 Mounds View High School Trail <br />PIR Fund 411-48321-33422 $450,000 SRTS Grant - Mounds View High School Trail <br />Water Fund 601-48537-33422 $500,000 State Grant – Lexington Ave Watermain