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Home My WebLink AboutResolution - 95-120 - 1994 Amended Budget - 06/20/1995 CITY OF EDEN PRAIRIE HENNEPIN COUNTY,MINNESOTA RESOLUTION NO 2.0 RESOLUTION AMENDING THE 1994 BUDGET BE IT RESOLVED,by the City Council of the City of Eden Prairie,that the final 1994 General Fund Budget be amended according to the attached summaries of revenues and expenditures. ADOPTED on this day of June, 1995. Jean L.Harris,Mayor ATTEST: Jo D. rane, City Clerk CITY OF EDEN PRAIRIE PRELIMINARY YEAR-END 1994 BUDGET STATUS REPORT REVENUES (Unaudited) Adjustments 1994 made 1994 ADOPTED during the REVISED 12/31/94 Revised to Actual BUDGET yg BUDGET ACTUAL VARIANCE GENERAL PROPERTY TAXES CURRENT 11,795,000 11,795,000 DELINQUENCY ALLOWANCE (589,700) (589,700) NET CURRENT 11,205,300 11,205,300 11,561,045 355,745 DELINQUENT COLLECTIONS 50,000 50,000 65,564 15,564 PENALTY&INTEREST 135,000 135,000 69,915 (65,085) TOTAL TAXES 11,390,300 0 11,390,300 11,696,524 306,224 2.7% LICENSES&PERMITS LIQUOR&BEER 129,000 129,000 127,247 (1,753) -1.4% BUILDING CONTRACTORS 3,500 3,500 3,915 415 11.9% CIGARETTE&OTHER LICENSES 20,000 20,000 25,732 5,732 28.7% DOG REGISTRATION 10,500 10,500 10,786 286 2.7% BUILDING PERMITS 1,050,000 250,000 1,300,000 1,417,032 117,032 9.0% CABLE TV 130,000 130,000 196,952 66,952 51.5% OTHERPERMITS 20,000 6,000 26,000 22,478 (3,522) -13.5% TOTAL LICENSES&PERMITS 1,363,000 256,000 1,619,000 1,804,142 185,142 11.40/o INTERGOVERNMENTAL REVENUE POLICE PENSION AID 231,000 231,000 239,921 8,921 3.9% STATE STREET AID 202600 202,600 63,850 (138,750) -68.5% SCHOOL LIAISON 48,500 48,500 49,079 579 12% POLICE TRAINING 14,000 14,000 14,121 121 0.9% CIVIL DEFENSE 17,500 17,500 5,500 (12,000) -68.6% OTHER TOTAL INTERGOVERNMTL 513,600 0 513,600 372,471 (141,129) -27.5% CHARGES FOR SERVICES GENERAL GOVERNMENT PLANNING&ZONING 80,000 80,000 80,058 58 0.1% ENGINEERING&ADMIN 487,500 487,500 347,006 (140,494) -28.8% OTHER 0 0 3,515 3,515 PUBLIC SAFETY PRINTS/REPORTS/ALARMS 20,000 20,000 48,258 28,258 141.3% RAPOUND FEES 4,400 4,400 2,899 (1,501) -34.1% RECREATION YOUTH PROGRAMS 160,000 25,000 185,000 196,893 11,893 6.4% ORGANIZED ATHLETICS 155,000 32,000 187,000 201,015 14,015 7.5% COMMUNITY CENTER 514,200 34,600 548,800 541,087 (7,713) -1.451. 2ND ICE ARENA 196,200 196,200 268,696 72,496 37.0% HISTORICAL 11,000 11,000 0 (11,000) -100.0% PARK USE FEES 13,000 13,000 16,238 3,238 24.9% . BEACH/CONCESSIONS 7,000 7,000 7,887 887 12.7% SPECIAL EVENTS 17,000 17,000 25,777 8,777 51.6% ADULT PROGRAMS/ADAPTIVE 30,000 30,000 33,993 3,993 13.3% TOTAL CHARGES FOR SVCS 1,695,300 91,600 1,786,900 1,773,322 (13,578) -0.8% COURT FINES 210,000 210,000 201,721 (8,279) -3.9% INVESTMENT EARNINGS 200,000 200,000 (19,730) (219,730) -109.9% OTHER REVENUE SPECIAL ASSESSMENTS 296,000 100,000 396,000 400,249 4,249 1.1% LAWFUL GAMBLING 10,000 10,000 1,837 (8,163) -81.6% INSURANCE PREMIUM REFUNDS 100,000 69,000 169,000 169,997 997 0.6% IDRCHARGES 75,000 75,000 39,059 (35,941) -47.9% STREET LIGHTING 60,000 60,000 65,480 5,480 9.1% MISCELLANEOUS 30,000 30,000 112,945 82,945 276.5% TOTAL OTHER 571,000 169,000 740,000 789,567 49,567 6.7% OPERATING TRANSFERS IN(FROM) UTILITY FUND 50,000 50,000 50,000 0 0.0% T.I,F.DEVELOPMENT FUND 100,000 100,000 100,000 0 0.0% LIQUOR FUND 200,000 200,000 321,000 121,000 60.5% CDBGFUND 0 0 OTHER 0 0 TOTAL TRANSFERS IN 350,000 0 350,000 471,000 121,000 34.60/o TOTAL REVENUES 16,293,200 516,600 16,809,800 17,089,017 279,217 1.7% USE OF FUND BALANCE 605,000 205,870 810,870 205,733 (605137) -74.60/o TOTAL GENERAL FUND 16,898,200 722,470 17,620,670 17,294 750 (325,920) -1 8% CITY OF EDEN PRAIRIE YEAR-END 1994 GENERAL FUND BUDGET EXPENDITURES (Unaudited) Adjustments 1994 1994 1993 1994 made 1994 VARIANCE ADOPTED Encum- Encum- during REVISED Favorable BUDGET brances brances the year BUDGET ACTUAL (Unfavorable) Percent General government: Legislative 115,500 8,400 123,900 109,838 $ 14,062 11.35% City manager 240,900 1,300 242,200 232,774 9,426 3.89% Elections 70,300 5,300 75,600 75,148 452 0.60% Assessing 390,000 (5,800) (49,000) 335,200 324,657 10,543 3.15% Facilities-City Center 806,500 116,900 923,400 913,729 9,671 1.05% Facilities-All Other 375,000 (4,600) 370,400 346,957 23,443 6.33% Finance 332,200 7,000 339,200 330,268 8,932 2.63% Human resources 150,100 17,400 9,100 176,600 176,069 531 0.30% Safety 73,100 (11,600) 61,500 59,814 1,686 2.74% Community services 254,200 3,700 257,900 257,476 424 0.16% Community development 367,100 4,300 12,000 383,400 382,580 820 0.21% Shared services- General 471,700 (507) 66,600 537,793 536,013 1,780 0.33% ADA improvements 250,000 (24,945) (70,000) 155,055 135,801 19,254 12.42% Data processing 138,000 27,000 165,000 153,107 11,893 7.21% Legal counsel 275,000 (25,000) 250,000 247,660 2,340 0.949,o' Total general government 4,309,600 57,000 (31,252) 61,800 4,397,148 4,281,891 115,257 2.62% Public safety: Police 3,187,100 (4,338) 3,182,762 3,171,393 11,369 0.36% Building Inspections 596,400 (328) 596,072 561,550 34,522 5.79% Civil defense 16,300 (4,488) 1,000 12,812 12,278 534 4.17% Animal control 75,500 2,700 78,200 77,435 765 0.98% Fire 456,100 (22,248) (55,000) 378,852 373,415 5,437 1.44% Total public safety 4,331,400 0 (31,402) (51,300) 4,248,698 4,196,071 52,627 1.240/a Public works: Engineering 635,100 2,600 (2,500) 3,000 638,200 635,771 2,429 0.38% Streets and drainage 1,364,700 40,000 (12,435) (175,000) 1,217,265 1,204,375 12,890 1.06% Equipment maintenance 653,300 (4,307) (28,000) 620,993 619,495 1,498 0.24% Street lighting 447,700 54,300 502,000 499,420 2,580 0.51% Total public works 3,100,800 42,600 (19,242) (145,700) 2,978,458 2,959,061 19,397 0.65% Parks and recreation: Administration 190,800 (22,600) 2,400 170,600 165,209 5,391 3.16% Park maintenance 916,400 (10,087) 11,600 917,913 897,688 20,225 2.20% Park capital outlay 99,000 22,000 (43,000) 78,000 72,390 5,610 7.19% Community center 935,900 20,000 (3,753) 164,400 1,116,547 1,115,931 616 0.06% Beach 78,800 (18,600) 60,200 50,015 10,185 16.92% Youth recreation 270,000 400 (149) 32,600 302,851 300,746 2,105 0.70% Organized athletics 181,400 35,600 217,000 216,050 950 0.44% Adult&adaptive programs 214,550 400 (8,745) 1,500 207,705 202,856 4,849 2.33% Special events&historical progra 204,700 1,300 206,000 187,352 18,648 9.05% Total parks and recreation 3,091,550 42,800 (45,334) 187,800 3,276,816 3,208,237 68,579 2.09% Unallocated: Employee benefits 1,934,850 (45,300) 1,889,550 1,877,459 $ 12,091 0.64% Contingency- Landfill costs 40,000 40,000 32,597 7,403 18.51% Other 90,000 4,300 (29,300) 65,000 14,434 50,566 77.79% Total unallocated 2,064,850 4,300 0 (74,600) 1,994,550 1,924.490 70,060 3.51% Total expenditures 16,898,200 146,700 (127,230) (22,000) 16,895,670 16,569,750 325,920 1.93% RESERVATIONS OF FUND BALANCE: P.W.Facility Building 325,000 325,000 325,000 0 0.00% City Center Acq/Remodel Fund 400,000 400,000 400,000 0 0.00% TOTAL RESERVATIONS 0 0 0 725,000 725,000 725,000 0 TOTAL GENERAL FUND 16,898,200 146,700 (127,230) 703,000 17,620,670 17,294,750 $ 325,920 1.85% CITY OF EDEN PRAIRIE,MINNESOTA GENERAL FUND COMPARATIVE STATEMENT OF REVENUES,EXPENDITURES AND CHANGES IN FUND BALANCES-BUDGET AND ACTUAL YEAR ENDED DECEMBER 31,1994 With Comparative Actual Amounts for Year Ended December 31,1993 1994 1993 Variance- Amended Favorable Budget Actual (Unfavorable) Revenues: Taxes and special assessments $ 11,796,300 $ 11,530,631 $ (265,669) $ 10,034,062 Licenses and permits 1,619,000 1,804,142 185,142 1,716,031 Intergovernmental revenue 513,600 940,450 426,850 787,090 Charges for services 1,786,900 1,773,322 (13,578) 1,587,829 Fines and forfeits 210,000 201,721 (8,279) 179,144 Interest on investments 200,000 89,562 (110,438) 332,538 Other revenue 334,000 387,481 53,481 461,950 Total revenues 16,459,800 16,727,309 267,509 15,098,644 Expenditures: Current- General government 4,397,148 4,281,891 115,257 3,354,282 Public safety 4,248,698 4,196,071 52,627 4,229,763 Public works 2,978,458 2,959,061 19,397 3,065,175 Parks and recreation 3,276,816 3,208,237 68,579 2,811,919 Unallocated 1,994,550 1,924,490 70,060 1,815,057 Loss on investment 109,292 (109,292) Total expenditures 16,895,670 16,679,042 216,628 15,276,196 Excess(deficiency)of revenues over expenditures (435,870) 48,267 484,137 (177,552) Other financing sources(uses): Operating transfers in 350,000 471,000 (121,000) 523,452 Operating transfers out (725,000) (725,000) 0 (543,792) Total other financing sources(uses) (375,000) (254,000) (121,000) (20,340) Excess(deficiency)of revenues and other financing sources over expenditures and other financing uses (810,870) (205,733) 363,137 (197,892) Fund balance,beginning ofyear 5,590,978 5,590,978 0 5,788,870 Fund balance,end ofyear 4,780,108 5,385,245 363,137 $ 5,590 978 The notes to the financial statements are an integral part of this statement. CITY OF EDEN PRAEM,NIINNESOTA GENERAL FUND COMPARATIVE BALANCE SHEETS DECEMBER 31, 1994 AND 1993 1994 1993 ASSETS Cash and investments $ 5,658,875 $ 5,682,469 Receivables: Accounts 346,358 181,754 Unremitted taxes 117,671 54,340 Delinquent taxes 635,698 489,237 Unremitted special assessments 2,933 44 Delinquent special assessments 38,467 84,647 Deferred special assessments 905,871 1,125,928 Interest 14,198 58,921 Due from other governments 106,671 182,683 Due from other funds 20,148 20,148 Prepaid expenditures 85,382 90,864 Total assets $ 7,932,272 $ 7,971,035 LIABILITIES AND FUND BALANCE Liabilities: Accounts payable $ 966,991 $ 675,620 Due to other governments 0 4,625 Deferred revenue 1,580,036 1,699,812 Total liabilities 2,547,027 2,380,057 Fund balance: Reserved Reserved for encumbrances 127,230 146,700 Reserved for prepaid expenditures 85,382 90,864 Reserved for capital facilities 400,000 400,000 Reserved for severance obligations 250,000 250,000 Reserved for storage facility 0 325,000 Reserved for subsequent year expenditures 743,172 605,000 Unreserved 3,779,461 3,773,414 Total fund balance 5,385,245 5,590,978 Total liabilities and fund balance $ 7,932,272 $ 7,971,035 The notes to the financial statements are an integral part of this statement.