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CR 97-223 Budget AdjustmentsG A w December 10, 1997 ti o P K \ N 5 Council Report 97-223 1997 Budget Adjustments Proposed Action Staff recommends adoption of the following motion: Move to approve the transfer of $74.000 of 1997 budaet from Contingency to various general fund budgets. (see attached list). Adoption of this motion will result in the transfer of $74,000 1997 general fund budgets between departments. Overview The City of Hopkins Charter states that the city counci{ may authorize the transfer of sums from unexpended balances to other purposes. Primary Issues to Consider • The purchases made in the various departments were authorized purchases. Authorizaton to transfer budget is an in-house cleaning item that is being done to follow city charter and to facilitate accurate year end reporting. Supporting Information • Detail Budget Transfers • Section 7.06 and 7.07 from City Charter Lori K. Yager Finance Director Council Report 97-223 Page 2 Requested General Fund Budget Transfers ^ $74,000 from General Fund Contingency ^ $11,000 to City Council, for Employee awards dinner, employee city picnic and department head and council retreat. ^ $ 5,000 to City Manager, for year end salary accruals, (GASB accounting implementation. ^ $22,000 to Finance, for retiree severance pay and new computer for Finance Director. ^ $16,000 to Legal, for prosecuting services. ^ $ 8,000 to Municipal Building, for voice messaging upgrade. ^ $ 8,000 to Planning and Economic Development, for the Transit Feasibility Study. ^ $ 4,000 to Community Services, for printer upgrades. Section 7.06. ENFORCEMENT OF THE BUDGET. Except as set forth in Section 7.16, the City Manager or the City Council shall not approve any expenditure uncovered by the budget unless there is sufficient unexpended balance left after deducting the total past expenditures and the sum of all outstanding bills, orders and incumbrances. No employee of the City shall place any orders or make any purchases except for the purpose and to the amounts authorized in the budget. Except as in this Charter otherwise provided, any obligations incurred by any person in the employ of the City for any purpose not authorized in the budget or for any amount in excess of the amount therein authorized shall be a personal obligation upon the person incurring the expenditure. Section 7.07. ALTERATIONS IN THE BUDGET. Except as set forth in Section 7.16, after the budget shall have been duly adopted, the Council shall not have power to increase the amounts therein fixed, whether by the insertion of new items or otherwise, beyond the estimated revenues, unless the actual receipts shall exceed such estimates, and in that event not beyond such actual receipts. The sums fixed in the budget are appropriated at the beginning of the fiscal year for the several purposes named therein. The Council may reduce salaries or the sums appropriated for any other purpose, or authorize the transfer of sums from unexpended balances to other purposes. TAXES Section 7.08. LEVY AND COLLECTION OF TAXES. On or before the last regular meeting in December each year the Council shall levy the taxes necessary to meet the requirements of the budget for the ensuing fiscal year. The City Manager shall transmit to the County Auditor annually a statement of all the taxes levied, and such taxes shall be collected and the payment thereof be enforced with and in like manner as State and County taxes. No tax shall be invalid by reason of any informality in the manner of levying the same, nor because the amount levied shall exceed the amount required to be raised for the special purpose for which the same is levied, but in that case the surplus shall go into the fund to which such tax belongs. Section 7.09. TAX SETTLEMENT WITH COUNTY TREASURER. The City Manager shall ascertain that all monies in the County Treasury belonging to the City are properly transferred to the City according to law. DISBURSEMENTS Section 7.10. DISBURSEMENTS. 't'he City Manager, or her or his designees, shall issue and sign a check upon the proper City fund for each disbursement approved by the Council. No check shall be issued until there is money to the credit of the fund out of which it is to be paid sufficient to pay the same. ~ i ^ 22