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REQUEST FOR COUNCIL CONSIDERATION Agenda Section: STAFF REPORT Report Number: 93-471WS 111,06 AGENDA SESSION DATE February 1, 1993 Report Date: 1/28/93 DISPOSITION Item Description: Consideration of 1993 Budgets of Miscellaneous Funds Administrator's Review/Recommendation: J - No comments to supplement this report - Comments attached. Explanation/Summary (attach supplement sheets as necessary.) SUMMARY; While preparing the 1993 Budget Book to go to the printer I noticed that the budgets of several miscellaneous City funds had not been formally adopted by the Council although these budgets have been presented to Council and discussed at budget work sessions. All budgets, with the exception of the Lakeside Park Fund, are financed with user fees and do not use tax dollars. The City's contribution to the operation of Lakeside Park was included in the approved General Fund Budget but the actual operations budget was not formally approved. The following is a brief review of the above mentioned budgets. The Recreation Activity Fund accounts for City sponsored recreation programs which are paid for by user fees charged to participants of the programs. Anticipated 1993 expenses of the fund of $201,122 will be offset by estimated user fees of $212,180. An excess of revenues over expenses of $11,058 is expected. That money may be used for scholarships, equipment purchases or other expenses of the fund. Operations of the Lakeside Park are accounted for in the Lakeside Park Fund. Sources of monies to finance operations are: 1) a contribution of $1,500 each from the City of Mounds View and the City of Spring Lake Park, and 2) use of $11,999 of the fund balance of the Lakeside Park Fund. Estimated 1993 expenses of the park are $14,999. Cable TV broadcasts of City Council meeting, public service broadcasts, and the City's contribution to the North Suburban Cable Commission are accounted for in the Cable TV Fund. The Fund's budget of $40,830 for 1993 pays for two part-time technicians and the Cable Commission. These expenses are offset by franchise fees received from Cable TV North Central. Don Brager, Financ irector-Treasurer RECOMMENDATION: Direct Staff to prepare resolutions which adopt the above mentioned budgets for consideration at the next Council meeting.