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FORM B-1 2022 ADJUSTMENTS TO BASE BUDGET <br />DEPARTMENT #: 405 FUND:101 <br />NAME:CHARTER ADMINISTRATION <br />B-1 & B-2 TOTAL $4,963 TOTAL B1 CHANGES $4,963 <br />1 <br />Account #:4300 Amount (neg if decrease)$4,963 <br />PROFESSIONAL SERVICES <br />Description of Adjustment Effective August 1, 2020, MN Statutes § 410.06 was amended to increase the limit on <br />annual charter commission expenses required to be reimbursed by the city. Under the <br />new law, the charter commission reimbursable expense limit is a sliding schedule <br />calculated as .07% of the city's current certified general property tax levy with a <br />minimum of $1,500 and a maximum of $20,000. The Council authorized an amendment <br />to allocate $4,962.22 of 2021 Contingency funds towards charter commission direct <br />expenditures. Staff is recommending the 2021 Amended Budget amount be used in <br />2022 for budgetary purposes. <br />Benefits if done:Budget will accurately reflect the statutory limit. <br />Implications if not done: <br />22