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HomeMy WebLinkAbout24-030 Approving 2024 Budget Amendments 4646 Dakota Street SE Prior Lake, MN 55372 RESOLUTION 24-030 APPROVING 2024 BUDGET AMENDMENTS Motion By: Lake Second By: Churchill WHEREAS, the 2024 budgets were adopted on December 04, 2023; and WHEREAS, the 2024 budgets do not reflect expenditures and funding of $1,154,340 for the carryforward of projects/items that could not be completed due to timing constraints, staffing issues, and supply chain issues. The services were not performed or goods received in 2023 as the projects were not completed in 2023. Therefore, the expenditure budget will be carried forward to the 2024 budgets by fund as detailed in the agenda report. 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. A 2024 transfer into the General Fund of $20,000 from the Public Safety state aid one-time funding (F270) for the LUCAS Fire Department equipment approved by the council in RES- 24-013. 3. The 2023 Payroll Budgets are amended as noted in the agenda report table (reclassification between General Fund departments only) and 2024 Budgets are amended to reflect the expenditures as noted above 4. Funding will be provided by the respective Fund reserves. Passed and adopted by the Prior Lake City Council this 26th day of March 2024. VOTE Briggs Braid Burkart Churchill Lake Aye ☐ ☒ ☐ ☒ ☒ Nay ☐ ☐ ☐ ☐ ☐ Abstain ☐ ☐ ☐ ☐ ☐ Absent ☒ ☐ ☒ ☐ ☐ ______________________________ Jason Wedel, City Manager Fund- Expenditures 2024 Budget Amendment General Fund $230,840 Equipment Replacement Fund 604,500 Facilities Mgmt. Fund 225,000 Sewer Fund 94,000 Totals $ 1,154,340