HomeMy WebLinkAbout19-043 2019 Budget Amendments
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 19-043
A RESOLUTION APPROVING AMENDMENTS TO THE 2018 AND 2019 BUDGETS FOR FINAL
TRANSFERS AND PROJECT EXPENDITURES CARRIED FORWARD
Motion By: Burkart Second By: Thompson
WHEREAS, The 2018 and 2019 budgets were adopted on December 04, 2017 and December 03, 2018,
respectively; and
WHEREAS, The 2019 budgets do not reflect the expenditures for Finance professional services, Police
equipment, Parks trail sealcoating, Public Works infrastructure management software,
Sandpoint Park fishing pier reconstruction, emergency siren replacement, 2019 portion of fire
pumper replacement, replacement of the library roof, and the 2019 portion of the automated
meter reading system replacement; and
WHEREAS, The products were not purchased or the work for each of these projects was not completed in
2018 but will be in 2019.
WHEREAS, The 2018 budget does not reflect the final funding transfer to the Water Fund for the Summit
Preserve Booster Station and a final funding transfer from the General Fund to Fund 316 debt
service fund.
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 2019 Budgets are amended to reflect the funding of $1,601,445 associated with the 2018 projects.
3. The 2019 budgets are amended for the remaining work to be completed in 2019.
4. Funding will be provided by the respective Fund reserves.
Fund- Expenditures 2019 Budget
Amendment
General Fund $64,835
Revolving Park Equipment Fund 66,000
Equipment Replacement Fund 411,170
Facilities Management Fund 60,000
Water Fund 499,720
Sewer Fund 499,720
Totals $1,601,445
5. The transfer of funds of $487.50 is hereby authorized to be made from the General Fund 101 to the
Debt Service Fund 316.
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6. The 2018 Budgets are amended to reflect the following final funding transfers:
Fund – Transfer In
(Revenue)
2018 Budget
Amendment
Water Fund $388,000
Fund – Transfer Out 2018 Budget
Amendment
General Fund $487.50
PASSED AND ADOPTED THIS 18th DAY OF MARCH 2019.
VOTE Briggs Erickson Thompson Braid Burkart
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
______________________________
Michael Plante, City Manager