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HomeMy WebLinkAbout9A-Budget Amendment b� PRN t~ U M 4646 Dakota Street SE Prior Lake,MN 55372 `�fNNES��P CITY COUNCIL AGENDA REPORT MEETING DATE: APRIL 27, 2015 AGENDA#: 9A PREPARED BY: CATHY ERICKSON, ACCOUNTING MANAGER PRESENTED BY: FRANK BOYLES, CITY MANAGER AGENDA ITEM: CONSIDER APPROVAL OF AN AMENDMENT TO THE 2015 BUDGET FOR COMMUNITY EVENT EXPENDITURES IN THE RECREATION DEPARTMENT DISCUSSION: Introduction The purpose of this agenda item is to consider an amendment to add funds to the 2015 budget for Recreation department staff time and supply costs for Lakefront Days activities. History During the 2015 budget discussions various reductions were made including, among other things, city funding support for the 2015 Lakefront Days. The budget was adopted incorporating these reductions. Current Circumstances The Chamber working in cooperation with Councilor McGuire who is the city coun- cil liaison and Recreation Supervisor Barstad have discussed the impact of these reductions on the event this year. As a result, a request is being made that the supplies and personnel costs cut in the 2015 budget be restored to the 2014 levels so that the city may provide more or less the same support to this community event as in the prior years. The 2015 Recreation department budget was adopted on December 22, 2014. As part of the 2015 budget review process, $5,807 was removed from the budget for Lakefront Days supplies. The seasonal staff working Lakefront Days included 7 recreation leaders, 2 recrea- tional supervisors, 2 park patrol officers and 1 recreation assistant. These person- nel expenses were $2,000 for this event. To bring the city contribution back to last year's levels will therefore require $7,807. Other budget cuts did reduce our seasonal staff associated with Lakefront Days from 10 to 7. So while we will have the funding for these seasonal persons to work more hours, we will not actually have the same number of personnel on hand to devote to the event. The Recreation department expenditures/revenues assuming this budget amend- ment for Lakefront Days activities are detailed below: Amount by Ex- Budget Item penditure Category Use of Funds/Expenditures: Supplies $5,807 Staff 2,000 Total Expenditures 7,807 Source of Funds/Revenues General Fund Reserves Total Source of Funds/Revenues $7,807 Conclusion The Council should consider amending the budget in order to reflect the Recrea- tion department expenditures that would be needed for Lakefront Days activities. ISSUES: The funding source for the expenditures are proposed to come from the General Fund Reserve. FINANCIAL To accurately reflect expenditures and funding on the quarterly financial reports IMPACT: and for year ending 12/31/2015, the budget should be amended as follows: 2015 Budget Fund Amendment General Fund $7,807 ALTERNATIVES: 1. Motion and second to approve a resolution approving amendment to the 2015 General Fund budget. 2. Deny this item for a specific reason and provide staff with direction. 3. Table this item to a certain date in the future. RECOMMENDED Alternative#1. MOTION: 2 b� PLcp Ar U 4646 Dakota Street SE 4,7 v Soap Prior Lake, MN 55372 RESOLUTION 15-xxx A RESOLUTION APPROVING AN AMENDMENT TO THE 2015 BUDGET FOR COMMUNITY EVENT EXPENDITURES IN THE RECREATION DEPARTMENT Motion By: Second By: WHEREAS, The 2015 General Fund budget was adopted on December 22, 2014; and WHEREAS, The 2015 General Fund budget does not reflect the revenues and expenditures for the Recreation department involvement in Lakefront Days activities. Expenditures for Lakefront Days were removed from the 2015 General Fund budget during the 2015 budget review process. WHEREAS, The Chamber of Commerce is requesting that the City's Recreation Department maintain a similar level of involvement in Lakefront Days as in the prior years. WHEREAS, The 2015 General Fund expenditures of$7,807 for the Lakefront Days activities would be funded by General Fund Reserve. NOW THEREFORE, 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 2015 General Fund budget is amended by the addition of$7,807 for Recreation department expenditures for Lakefront Days activities. PASSED AND ADOPTED THIS 27th DAY OF APRIL, 2015. VOTE Hedberg Keeney McGuire Morton Thompson Aye ❑ ❑ ❑ ❑ ❑ Nay ❑ ❑ ❑ ❑ ❑ Abstain ❑ ❑ ❑ ❑ ❑ Absent ❑ ❑ ❑ ❑ ❑ Frank Boyles, City Manager