2003-11-12 CC Packet - Laserfiche WebLink

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. 6. Fines and Forfeits Due to alcohol and tobacco sting activity, fine revenue is above anticipated budget for the year. 7. Miscellaneous Miscellaneous Revenue includes $2,376.25 in tipping rebate fees from Waste Management. These fees were not known and, therefore, not considered at budget time. 8. Refunds and Reimbursements The refunds and reimbursements line item contains items that do not have an affect on the City's budget, such as pass-through gambling funds. The amount shown includes a $2,018 workers' compensation premium refund from LMCIT, the receipt of $1 ,500 earmarked for defibrillators for the police department, and $12,500 in gambling funds for the fire department. 9. Transfen In Administrative costs and interest income were transferred to the General Fund when closing out the TIF 1-3 Fund. The City should expect to receive approximately one-third of the excess TIF payment back in early December with the property tax settlement. Expenditures: 1. Financial Administration Audit services have been completed for the year. The budget amount was cut in half from last year, which proved to be too optimistic. Cost- saving measures have been implemented, however, not all of those cost savings were realized this year. It is expected that an additional 20% more in cost savings will be realized next year as we further define our working relationship with the audit firm. However, extra expenses will likely occur as a result of implementing GASB 34 and SAS 99 this year. 2. Assessing Payment was made to Anoka County in February for this year's assessing. Assessment payments are done for the year. 3. Legal The legal budget was increased substantially this year and is approximately on target. 4. Pollee Protection Monthly payments are made to the Centennial Lakes Police Department in the amount of $40,379. In addition, $1,500 in charitable gambling donations was passed through for the purchase of medical equipment.