HomeMy WebLinkAbout26-045 Approving 2026 Budget Amendments
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4646 Dakota Street SE Prior Lake, MN 55372
RESOLUTION 26-045 RESOLUTION APPROVING 2026 BUDGET AMENDMENTS
Motion By: Braid Second By: Churchill WHEREAS, the 2025 and 2026 budgets were adopted on December 10, 2024 and
December 9, 2025, respectively. Some of the items contained in the 2025 budget were not completed in 2025 and must therefore be moved to the 2026 budget so they can be completed with the original funding allocation; and
WHEREAS, the 2026 budget does not reflect expenditures and funding of $1,798,782 for the carryforward of projects/items that could not be completed due to timing
constraints and staffing issues. The services were not performed or goods were not received so the projects were not completed in 2025. Therefore, the expenditure budget will be carried forward to the 2026 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. The 2026 Budgets are amended to reflect the expenditures as noted above.
3. Funding will be provided by the respective Fund reserves.
Fund- Net of Expenditures/(Revenues) 2026 Budget Amendment
General Fund $72,352
Capital Park Fund 272,346
Revolving Equipment Fund 185,000
Facilities Mgmt. Fund 308,980
Water Fund 218,583
Stormwater Fund 361,414
Sewer Fund 380,107
Totals $ 1,798,782
M:\2- City Clerk\City Council\Resolutions\2026\26-045 Approving 2026 Budget Amendments.docx 2
Passed and adopted by the Prior Lake City Council this 24th day of March 2026.
VOTE Briggs Braid Churchill Lake Hellier
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________ Jason Wedel, City Manager