6.3. SR 12-20-2004 - Laserfiche WebLink

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service and capital outlay categories.' Administrative budget amendments must be requested in writing and approved by the City Administrator and Finance Director. Second, there are two bond funds in which the bonds have been retired and there is a cash balance remaining. The Council may designate these funds for other uses as appropriate. The bond funds and their current cash balances are as follows: 1996B G.O. Improvement Bonds 1999B G.O. Refunding Bonds (Refunding of 1994A Bonds) $ 47,909.15 $430,523.95 Both of these bonds were for assessable street, storm sewer, water, and sanitary sewer improvement projects. In the past when a balance has remained after payment of bonds, the remaining cash has been placed in a reserve fund. Either the Capital Projects fund or the Street Improvement fund would be appropriate places to transfer the excess funds as both will be used to fund upcoming improvement projects. Third, the Public Safety building project has now been finalized. As you may recall, the Council did not authorize the completion of the gun range until the project was well underway because of project budget concerns. At the time the Council authorized award of the gnn range, the City Administrator made a recommendation that the additional cost for the gun range should be funded by the Liquor fund. However, that funding recommendation did not become part of the action taken by the Council. Given the current status of the Government Buildings fund and the fact that the Liquor fund is financing the construction of Westbound, it is more appropriate at this time to fund the balance of the Public Safety project, approximately $166,850.00, with the Government Buildings fund instead. This is less than the original estimate of approximately $200,000 of additional funding needed for the gun range. Fourth, attached is a memo from the City Engineer requesting the purchase of pavement management software and stereo photographs. As the memo states, staff is recommending that the purchase be funded equally by the Street Improvement Reserve and the Surface Water Management funds. Action Requested The City Council is asked to consider the 2004 budget amendments, the designation of bond funds, the use of the Govetnment Buildings Reserve fund for the balance of the Public Safety project, and the purchase of pavement management software and stereo photographs with funding as stated above.