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<br /> # <br /> , 9ftJG~ <br /> . CITY OF ARDEN HILLS <br /> MEMORANDUM ~,k~ <br /> DATE: November 18, 1998 <br /> TO: Brian Fritsinger, City Administrator <br /> FROM: Terrance R. Post, City Accountant@) <br /> SUBJECT: 1998 Estimate/Proposed 1999 General Fund Bud~et Revisions <br /> Rackground <br /> At the September 14,1998 regular Council meeting, the Arden Hills City Council adopted <br /> Resolution No. 98-60, "Adopting the Preliminary 1999 Budget." In the ensuing two months, <br /> several items have come into better focus for both the 1998 estimate, as well as the 1999 draft <br /> Budget. The purpose of this memorandum is to document these changes and leave an "audit <br /> trail" to the budget numbers to be presented at the November 7, 1998 Truth in Taxation public <br /> hearing. <br /> . General Fund Revenues <br /> 1998 1999 <br /> Revenue Rstimate Proposed <br /> Baseline from Resolution No. 98-60 $2,554,839 $2,514,811 <br /> Current (11117/98) Revision 2,~72, 122 ?,~20, 104 <br /> Net Changes 172R1 ~ 291 <br /> Revisions Detail <br /> Rl. Lower Tax Collections <20,200> - <br /> R2. Higher Permit Fees 34,000 - <br /> R3. Higher State Fire Relief Aid 5,293 5,293 <br /> R4. Lower Equipment Disposal Sales < 3,810> - <br /> RS. Higher State Building Surcharge Revenue 2.illill - <br /> Total Net Changes $ 17.283 $ 5.293 <br /> General Fund Rxpenditures <br /> Baseline from Resolution No. 98-60 $2,555,839 $2,514,925 <br /> Current (11/17/98) Revision 2,~71,~22 2,~20,O93 <br /> Net Changes 17683 ~ 1 fiR <br /> El. Administration 1,700 4,895 <br /> E2. Planning & Zoning <35,000> - <br /> . E3. Economic Development < 657> 2,250 <br /> E4. Government Buildings 1,800 8,000 <br />