HomeMy WebLinkAbout15-064 Budget Amendments
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 15-064
A RESOLUTION APPROVING AMENDMENTS TO THE 2014 AND 2015 BUDGETS FOR FEMA
EXPENDITURES AND PROJECT EXPENDITURES CARRIED FORWARD FROM 2014
Motion By: KEENEY Second By: MORTON
WHEREAS, The 2014 and 2015 budgets were adopted on December 9, 2013 and December 22, 2014,
respectively; and
WHEREAS, The 2014 General Fund budget did not reflect the expenditures associated with the major
flooding event of spring/summer 2014 and the corresponding FEMA reimbursement; and
WHEREAS, The City has entered into agreements for certain services, improvements, product purchases
during 2014; and
WHEREAS, The products were not received or the work for each of these projects not completed in 2014
but will be in 2015.
NOWTHEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1.The recitals set forth above are incorporated herein.
2.The 2014 General Fund budget is amended to reflect the expenditures and funding of $153,147
associated with the major flooding event.
3.The 2015 budgets are amended for the remaining work to be completed in 2015 as follows:
Fund Amendment
General Fund $308,877
Capital Park Fund 170,000
Revolving Equipment Fund 109,355
Water Fund 13,770
Sewer Fund 55,000
Water Quality Fund 40,000
Totals $697,002
4.Funding will be provided by the respective Fund reserves, grant revenues and project partner
contributions.
PASSED AND ADOPTED THIS 13 DAY OF APRIL 2015.
th
VOTE Hedberg Keeney McGuire Morton Thompson
Aye
☒☒☒☒☒
Nay
☐☐☐☐☐
Absent
☐☐☐☐☐
Abstain
☐☐☐☐☐
______________________________
Frank Boyles, City Manager