HomeMy WebLinkAbout1C Work Session Report Department Budget Overviews_8.5.19
Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com
4646 Dakota Street SE
Prior Lake, MN 55372
CITY COUNCIL WORK SESSION REPORT
MEETING DATE: AUGUST 5, 2019
AGENDA #: 1C
PREPARED BY: LORI OLSON, ASSISTANT CITY MANAGER
CATHY ERICKSON, FINANCE DIRECTOR
PRESENTED BY: DEPARTMENT HEADS
AGENDA ITEM: 2019 DEPARTMENT BUDGET OVERVIEWS
ACTION
REQUESTED:
No action requested.
INTRODUCTION: At tonight’s work session, city department heads will walk through their
2020 general fund budgets and provide information on significant
budgetary line item variances from 2019. In addition, staff will introduce
the new budget template that will be incorporated into future annual
budget books in an effort to provide clearer information about the budget
and city services to residents.
We have summarized the department expenditures into categories
based on the groupings identified by the Office of the State Auditor
Minnesota City and Town Accounting and Financial Reporting
Standards. Many cities use four broad categories:
• Personal Services (wages/taxes/benefits)
• Supplies
• Services
• Other Charges
For the Council work session presentation, we are providing further detail
on Maintenance and Professional Services to highlight those two
expenditure areas. The expenditure categories used are as follows:
• Personal Services
• Supplies
• Maintenance Agreements
• Professional Services
• Other Services and Charges
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B U D G E T
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