CCP 04-10-2000 - Laserfiche WebLink

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