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EN HILLS <br />�. <br />MEMORANDUM <br />DATE: July 12, 2010 <br />TO: <br />FROM: <br />SUBJECT: <br />Honorable Mayor and City Council Members <br />Sue Iverson, Finance Director/Treasurer <br />2009 Budget Adjustments <br />Back�round <br />As a clean up item in regards to the audit, there are some budget adj ustments that need to <br />be made effective December 31, 2009. I have reviewed these with our auditor and they <br />are the final items needed to close out our audit. <br />Discussion <br />The items come from three areas. First, we have settled our TCAAP expenditure <br />reimbursement receivable with R:RLD and we have had some additional expenditures on <br />the proj ect. We continue to keep these expenditures segregated in a separate fund so that <br />we can track these items for future possible reimbursements depending on ho� �� <br />develop and �nance the area. We did have some extra funds budgeted in Administration <br />and Planning and Zoning to help cover some of these costs, the remainder of the costs <br />will need to come from our General Fund balance. They are as follows: <br />Fund Dept Type Adopted Amended Diff <br />General Admin Legal Fees $ 20,000 $ 8,796 $(11,204) <br />General Planning Legai Fees 69,000 4,764 (64,236) <br />General Transfers Trans TCAAP - 123,696 123,696 <br />$ 89,000 $ 137,256 $ 48,256 <br />This will mean a corresponding adjustment to the TCAAP fund for the transfer in: <br />Fund Dept Type Adopted Amended Diff <br />TCAAP Trans In $ - $ 123,696 $123,696 <br />Second, gambling revenues have been down and we do not have enough funds to do the <br />budgeted transfer from the Community Services Fund to the Public Safety Capital Fund. <br />City Council Meeting <br />\�1Vletro-inet.us\ardenhills�Admin\Council�Agendas & Packet Information�2010\7-12-10 Regular�Packet <br />Information�2009 Budget Adjustments.doc <br />Page 1 of 2 <br />