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STAFF REPORT <br />TO:Mayor Keis and Members of City Council <br />FROM:Brenda Malinowski, Finance Director <br />DATE:March 10, 2021 <br />RE:General Fund Budget Amendment (Fund 101) <br />ACTION REQUESTED: <br />Amend the 2020 General Fund Budget revenues by $791,617 and expenditures by $120,570 to <br />recognize revenues that were received over the original budget amounts. <br />BACKGROUND: <br />The Council is requested to consider amending the 2020 General Fund budget for activity that <br />was not included in the 2020 Budget that was adopted on December 18, 2019. <br />Fire Department <br />The City is required by State Statute to pay the Fire Relief Association for all of the payments <br />received by the City from the State of Minnesota for the Fire Relief Aid. The City budgeted <br />$55,000 for Fire Relief Aid, but received $64,133. Staff is proposing to increase the revenue and <br />expenditure account by $9,133. <br />COVID-19 <br />The City received $782,484 in Federal CARES Act funds in 2020 to be used to deal with the <br />financial impacts of COVID-19. Now that the City has met the expenditure requirements of <br />these funds, a budget adjustment is proposed to demonstrate the use of these funds. The revenue <br />budget adjustment of $782,484 is for the CARES Act funds received. The expenditure budget <br />adjustment of $111,437. <br />Summary <br />Department Amount Revenue Expenditure Effect on Fund Balance <br />Fire $9,133 Increase Increase None <br />COVID-19 $782,484 Increase N/A Increases Fund Balance <br />COVID-19 $111,437 N/A Increase Decreases Fund Balance <br />Note - Not included in the COVID-19 expenditure amount are the payroll expenditures including <br />the payroll for public health and safety employees. <br />STAFF RECOMMENDATION: <br />Approve the 2020 General Fund budget amendment as presented.