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<br />I <br /> <br />Expenditures: <br />1. Financial Administration <br />The audit is substantially done for the year. The audit was over budget this year <br />due to the extensive amount of time spent on the 2001 audit, TIP problems, and <br />deferred compensation and wage issues. Additional invoices will be received for <br />revising the 2001 audit to include the park dedication transfer. <br /> <br />2. Assessing <br />Payment was made to Anoka County in February for this year's assessing. <br />Assessment payments are substantially done for the year. <br /> <br />3. 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 first three quarters of <br />this year. It also includes a payment to the Centennial Fire Department in the <br />amount of$14,500 from gambling proceeds of the Centennial Fire Relief <br />Association. <br /> <br />4. Electrical Inspection <br />Due to the increase in development, electrical inspection will be over budget for <br />the year. Staff will propose an increase in this line item for 2003. <br /> <br />5. Streets <br />Street work is in process. <br /> <br />6. Parks and Recreation <br />Money was budgeted for a park intern, but was never utilized. <br /> <br />7. Capital Outlay <br />Very little of the capital budget has been spent so far this year. As a result, <br />General Fund expenditures are below budget at this time. <br /> <br />Prepared By: <br /> <br />Approved By: <br /> <br />Finance Director <br /> <br />Administrator <br /> <br />N arrative.doc <br />