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CONSENT G5 <br />12/10/03 <br />ITEM: Increase Budget Line Items in the Special Revenue Fund 204 for the <br />Revenue and Expenses Associated with the Folwell Water Main <br />Project <br />SUBMITTED BY: Roland O. Olson, Finance Director <br />REVIEWED BY: Heather Worthington, City Administrator <br />EXPLANATION: <br />Summary: The revenue and expenses for the Folwell Water Main project are best accounted <br />for in the Special Revenue Water Fund (204) since this was set up originally to fund the repairs <br />and maintenance to the water system of the City. The Folwell Water Main Project is being cost- <br />reimbursed by St Paul Water Utility. The project revenues and expenses were not originally <br />budgeted in the 2003 budget since they were unknown at that time. These projected revenues and <br />expenses need to be added to the existing budget line items. Estimated costs to be reimbursed <br />would be approximately $170,000 (includes estimated engineering fees). The project is not <br />totally completed in 2003, since the final lift of street paving is to be completed in Spring 2004. <br />• REVENUE: 204-000-38010 $170,000 from the St. Paul Water Utility <br />EXPENDITURES : 204-204-94700 <br />ACTION REQUESTED: <br />$170,000 Infrastructure Improvements <br />• Amend the budget line items of the Special Revenue Water Fund to reflect the Folwell Water <br />Main project revenue and expenditures <br /> <br />9 <br />