HomeMy WebLinkAbout98-125 - ADMIN Resolution - City Council - 1998/09/22RESOLUTION NO. 98 -125
RESOLUTION AMENDING THE 1998 ADOPTED BUDGET
WHEREAS, The annual budget for 1998 for the City of St Louis Park was adopted by
Ordinance 2108-97 on December 15, 1997, and
WHEREAS, the City Council has received the proposed budget document for 1999 which
includes revised estimates for 1998, and
WHEREAS, in 1998 the City Council approved City Charter amendments recommended by the
Charter Commission to provide for the adoption and amendment of the City budget by resolution,
NOW THEREFORE, BE IT RESOLVED, by the City Council of the City of St Louis Park
that the budget for 1998 shall be amended as follows
AVAILABLE RESOURCES
Revenues:
General Property Taxes 9,116,632
Business License Permits 335,055
Non -Business License Permits 951,396
Intergovernmental 6,836,693
Charges for Services 1,739,724
Fines, Forfeits, and Penalties 387,300
Enterprise 8,117,901
Special Assessments 766,345
Miscellaneous Revenue 1,829,819
Refunds and Reimbursements 5,649,188
Transfers In 384,039
Total Revenues 36,114,092
Less Interfund Charges & Transfers (5,281,390)
Net Revenue 30,832,702
Fund Balance / Reserves -Jan 1 36,453,801
Total Available $ 67,286,503
REQUIREMENTS
Appropriations:
Personal Services 16,727,174
Supplies, services and other charges 18,122,953
Capital Outlay 1,608,896
Transfers Out 384,039
Total Appropriations 36,843,062
Less Interfund Charges & Transfers (5,281,390)
Net Appropriations 31,561,672
Fund Balance / Reserves -Dec 31 35,724,831
Total Requirements $ 67,286,503
and as supported by the detailed proposed budget document, and
BE IT FURTHER RESOLVED, that the City Manager be directed to cause the appropriate
accounting entries to be made in the books of the City
Attest
5ity Clerk
Reviewed for Administration
O City Manager
Adopted by the City Council September 22, 1998
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