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CCP 04-10-2000
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CCP 04-10-2000
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<br />- <br /> <br />e <br /> <br />e <br /> <br />CITY OF ARDEN HILLS <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> <br />April 4, 2000 <br /> <br />TO: <br /> <br />Joe Lynch, City Administrator <br /> <br />Terrance Post, City Accountant@) <br /> <br />Approval ofUnhudgeted Operating Transfers for 1999 <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />Staff suggests that the Arden Hills City Council consider approving several operating transfers <br />that were not included in the adopted 1999 Budget. These unbudgeted operating transfers <br />include the following: <br /> <br />General Fund (101) <br /> <br />I. An additional $206,250 operating transfer to Municipal Land and Building Fund No. 408. <br />This transfer results from an estimated 1999 General Fund operating surplus of revenues <br />exceeding expenditures. <br /> <br />2. <br /> <br />A $251,000 operating transfer to Permanent Improvement Revolving (PIR) Fund No. <br />501. This transfer is represented by: (a) $151,000 originally budgeted as the 1999 <br />Pavement Management Program (PMP) allocation (the West Round Lake Road Phase II <br />project was postponed); and (b) $100,000 from an estimated 1999 General Fund <br />operating surplus of revenues exceeding expenditures. <br /> <br />Community Services Fund (225) <br /> <br />I. An additional $9,697 operating transfer to the Program Fund No. 226 to fund the 1999 <br />operating deficit (total transfer to the Program Fund is $50,000). <br /> <br />2. A $30,000 operating transfer to the Fire Equipment Sinking Fund No. 412. This action is <br />in keeping with prior City Council policy direction of utilizing sixty percent (60%) of <br />charitable gambling revenues for parks and recreation needs and forty percent (40%) of <br />the revenue stream for public safety capital needs. <br /> <br />Recommendation <br />If Council concurs with these proposed unbudgeted 1999 operating transfers, they should <br />approve them under the Consent Calendar of the April I 0,2000 regular Council meeting, and <br />authorize staff to book the transactions accordingly. <br />
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