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<br />on investments is credited to a special interest fund and, under current policy, is <br />distributed at year-end. This procedure has not been done yet and is, therefore, <br />not reflected on this report. <br /> <br />5. Miscellaneous <br />The amount of$31,940 was budgeted in the Miscellaneous Revenues account, <br />consisting of operating transfers from Water and Sewer. Council later decided <br />not to transfer these funds. The Refunds and Reimbursements line item includes <br />donations from the Centennial Fire Relief Association in the amount of $26,500 <br />that were not in the budget. The money came from gambling proceeds and was <br />passed on to the Centennial Fire Department. <br /> <br />6. Transfers In <br />A transfer from the Gambling Fund to the General Fund in the amount of <br />$25,229.69, which was earmarked for park purposes, was corrected to reflect in <br />the Park Capital Fund. <br /> <br />Expenditures: <br />1. Financial Administration <br />The audit was over budget this year due to the extensive amount of time spent on <br />the 2001 audit, TIF problems, and deferred compensation and wage issues. <br /> <br />2. Assessing <br />Payment was made to Anoka County in February for this year's assessing. <br />Assessment payments are done for the year. <br /> <br />3. Legal <br />Payments for legal services are over for the year, partially due to the unique issues <br />arising this past year: TIF, deferred compensation, etc. <br /> <br />4. Fire Protection <br />Payments are made quarterly in the amount of$19,016.50 to Centennial Fire <br />Department. The amount shown includes payments for the entire year. It also <br />includes payments to the Centennial Fire Department in the amount of $26,500 <br />from gambling proceeds of the Centennial Fire Relief Association and a pass- <br />through of the State Fire Aid in the amount of $92,968. <br /> <br />5. Electrical Inspection <br />Due to the increase in development, electrical inspection was over budget for the <br />year. This line item was increased for 2003. <br /> <br />6. Public Works <br />Money was budgeted for a new maintenance person, but was never utilized. Also, <br />funds for a new vehicle were not utilized due to council's freeze on capital <br />spending. <br />