Laserfiche WebLink
Item No. 7H <br />Type of Business: CB <br />WK: Work Session; PH: Public Hearing; <br />CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Charles Hansen, Finance Director <br />Item Title/Subject: Resolution 5828 Adopting the 2002 Budget of the Police <br />Grants Special Revenue Fund <br />Date of Report: August 19, 2002 <br /> <br /> <br />The original 2001 and 2002 budgets included budgets for all special revenue funds with <br />the exception of the Police Grants Fund. This created a minor problem in preparing the <br />2001 Annual Financial Report, which will reoccur in 2002 unless corrected. The <br />problem is simply the inconsistency of one special revenue fund not being budgeted <br />while all the others are. <br /> <br />To correct this I recommend that the City Council adopt a 2002 budget for the Police <br />Grants Fund. This will be a nominal budget, in that the real control is that the only <br />money that can be spent from this fund is any balance on account from a prior year and <br />any grants that come in the current year. <br /> <br />The amount of the proposed budget is higher than I expect the actual number to be to <br />reduce the chance that the budget would need to be increased later. <br /> <br /> <br />Respectfully Submitted, <br /> <br /> <br /> <br />Charles Hansen