CCP 05-26-1998 - Laserfiche WebLink

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-- iT ~j i!\ ~ ~ ~ l' if'J j ~ ARDEN HILLS CITY COUNCIL - MAY 1 I. 1998 4 Mayor Probst clarified that the Ingersol-Rand and the LeRoi were not comparable air compressors. The LeRoi brand had superior features and fit the needs of Staff. . MOTION: Councilmember Malone moved and Council member Aplikowski seconded a motion to approve the purchase of a LeRoi brand, 250 CFM portable air compressor from Carlson Equipment Company in the amoLmt of $14,078.1 0, and place the currcnt compressor at the State of Minnesota auction. The motion carried unanimously (5-0). B. Approval of Operations Transfers for 1997 Mr. Terrance Post, City Accountant, stated that the adopted 1997 Budget called for severai operating transfers betwcen funds. In Novembcr, 1997, the following budgeted operating transfers were booked: I. From General Fund No. 101 to Program Fund No. 226 $ 16,300.00 2. From General Fund No. 101 to Municipal Buildings No. 408 $118,750.00 ~ From Generai Fund No. !OI to Capital Equipment No. 411 $ 10,000.00 ~. 4. From General Fund No. 101 to Fire Equipment No. 412 $ 47,500.00 The total transfer amount is $192,550.00 Mr. Post explained in addition to these budgeted operating transfers, Staff recommends Council approval of the following operating transfer/debts payments, . A. In light of the positive financial performance of the General Fund, increase the operating transfer from General Fund No, 101 to Capital Equipment Fund No. 411 an additional $18,500.00 to a total of $28,500.00, which is the same level as prior years. B. Because of the Cleveland A venue bridge reconstruction delays, transfer 548,000_00 of levied funds from General Fund No. 101 to FIR Fund No. 501. These funds would then be transferred back from the PIR Fund to the General Fund at such a time when bridge funds would be required. - C. In light of the positive financial performance of the General Fund, transfer an additional $181,250.00 from General Fund No_ 101 to Municipal Building Fund No. 408. This action would be similar to the December 31, 1996 extraordinary operating transfer in the amount of $266,500.00. The result of this 1997 action would leave an approximate General Fund balance of$550,000 or approximately 24% of the budgeted 1997 expenditures. D. A $31,665.00 operating transfer from the Community Services Fund No. 225 to the Program Fund No. 226 was budgeted to subsidize the recreation program operating deficit. However, based upon positive Program Fund results, Staffrecommends reducing the transfer to $23,000.00. . -----...--...-