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Item No. 9G Meeting Date: April 26, 2004 Type of Business: Council Business Administrator Review: _____ City of Mounds View Staff Report To: Honorable Mayor and City Council From: Charles Hansen, Finance Director Item Title/Subject: Resolution 6230 Amending the 2003 Budget for the General Fund and Police Special Revenue Funds Several events happened during 2003, which received City Council approval, but the action at the time overlooked the need to amend the budget. This resolution corrects those omissions. Elections: In 2001, the City entered into an agreement with Ramsey County under which the County purchased new election equipment and supplied it to the City. The City was to make installment payments over the years 2002 through 2006. Last fall, staff suggested that the City pay off the remaining installments in order to ease budget considerations in 2004 through 2006 while using up a surplus in 2003. By consensus, the City Council approved this and the payment of $21,914.27 was made to Ramsey County. The attached resolution increases the Elections budget by $5,000 to balance the department budget. Other department accounts were under spent so that the full amount isn’t needed. The appropriation for the General Fund contingency account is reduced by $5,000 to leave the total budget unchanged. Fire Department: In October 2002, the City Council passed Resolution 5880 approving the purchase of a mini-pumper by the Spring Lake Park – Blaine – Mounds View Fire Department. The City of Blaine financed the purchase with the agreement that the City of Mounds View wouldn’t need to make payments before 2004. Blaine sold certificates of indebtedness during 2003 for various pieces of equipment, including the pumper. Setting up the liability for Mounds View’s share of the certificates requires a transaction to record expenditure for the purchase and revenue for the sale of the certificates. The attached resolution increases the Fire budget by $11,281 to balance the department budget and increases budgeted revenues for bond proceeds by the same amount.