HomeMy WebLinkAbout17-030 2016.2017 Budget Amendments
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 17-030
A RESOLUTION APPROVING AMENDMENTS TO THE 2016 AND 2017 BUDGETS FOR
PROJECT EXPENDITURES CARRIED FORWARD FROM 2016
Motion By: McGuire Second By: Burkart
WHEREAS, The 2016 and 2017 budgets were adopted on December 22, 2015 and December
12, 2016, respectively; and
WHEREAS, The 2017 budgeted funds do not reflect the expenditures associated with the
Ponds Park lighting project, the Lord’s Street bridge repairs, the purchase of Police
Department safety equipment, Cartegraph software replacement, or the
maintenance center roof replacement; and
WHEREAS, Debt Service Funds 316 and 318 have small deficits at year-end 2016 and
expected for 2017 that need to be funded; and
WHEREAS, The products were not purchased or the work for each of these projects was not
completed in 2016 but will be in 2017.
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 2016 General Fund budget is amended to reflect the expenditures and funding of $437
in the Debt Service Funds.
3. The 2017 budgets are amended for the remaining work to be completed in 2017.
Fund
2016 Budget
Amendment
2017 Budget
Amendment
General Fund $70,770
Revolving Park Equipment Fund 85,330
Water Fund 18,035
Sewer Fund 18,035
Facilities Management Fund 620,000
Debt Service Funds (316 and 318) $437 176
Totals $437 $812,345
4. Funding will be provided by the respective Fund reserves.
Passed and adopted by the Prior Lake City Council this 13th day of March, 2017
VOTE Briggs McGuire Thompson Braid Burkart
Aye ☒ ☒ ☒ ☐ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☒ ☐
______________________________
Frank Boyles, City Manager