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'ity of <br /> <br />River <br /> <br />MEMORANDUM <br /> <br />Item #4.7. <br /> <br />TO: <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor & City Council <br /> <br />Lori Johnson, Finance Director <br /> <br />December 21, 1998 <br /> <br />1998 Budget Amendments <br /> <br />Attached are the proposed 1998 budget amendments (in draft form) and <br />pertinent background information. The information as presented <br />incorporates expenditures which the council has approved throughout the <br />year for various unanticipated and/or new program expenditures which were <br />not included in the adopted budget, revenue adjustments to reflect increases <br />in building and planning revenues, and also included are numerous <br />department head requests. Unlike past years, this year there are two very <br />substantial requests which, if approved, will utilize almost all of the revenue <br />surplus. <br /> <br />It is important to remember that budget amendments are not intended to <br />reflect actual year end revenues and expenditures. Rather, budget <br />amendments incorporate additional expenditures as approved by the council <br />and significant revenue variances unanticipated when the budget was <br />approved. Although numerous revenue categories may exceed the adopted <br />budget, budget amendments are only proposed for the hne items with <br />substantial revenue increases. Therefore, the year end revenues will exceed <br />the amended budget amount. The same is true for expenditures - hopefully <br />most departments will be under budget. <br /> <br />The two main requests included in the budget amendments are for the police <br />department and the Ice Arena. The council previously approved transferring <br />funds from the General Fund to the Ice Arena Fund to ehminate the deficit <br />fund balance at year end. The pohce department computer needs were <br />discussed earher by the council; however, the request has changed <br />significantly since that time. Attached is an excerpt of a report from <br />Assistant Pohce Chief Jeff Beahen regarding this issue. Based on a hardware <br />quote received late Thursday, it appears that the request may increase by <br />approximately $30,000. Jeff will be present Monday to discuss this issue in <br />more detail and answer any questions the council may have. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />