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Item No. 10F Staff Report No. Meeting Date: June 12, 2000 Type of Business: C.B. WK: Work Session; PH: Public Hearing; CA: Consent Agenda; CB: Council Business City of Mounds View Staff Report To: Honorable Mayor and City Council From: Michael Ulrich, Director of Public Works Item Title/Subject: Budget Transfers Date of Report: August 29, 2018 Now that the Airport Litigation / Legislation and has come to a close, staff has compiled the expenses including Consultants for this issue. In consultation with the Finance Director, it has been determined that an additional $79,614.22 is required above the $15,000.00 budgeted in the Council’s legal budget. Here is the outline of expense as identified by the invoices and the Finance Director: Airport Litigation $13,263.10 9,218.45 Total $22,481.55 Airport Legislation $19,173.34 1,293.75 30,665.58 Consultants 21,000.00 Total $72,132.67 Grand Total $94,614.22 Council legal Budget - $15,000.00 Transfer from Reserves $79,614.22 An additional outstanding invoice remains for the Golf Course Billboard / Lease Project. In negotiations, Eller Media agreed to pay $5,000.00 of the $20,347.40 bill. Staff requests a transfer of $20,347.40 from General Fund Reserves for these legal expenses. Upon receiving the permits and signed leases, Eller will be making additional payments to the City. At that time it can be determined which department, budget or fund will be charged for the legal expenses related to this project. Legal expenses related to the update of the Personnel Policies also required additional hours due to changes requested by Council during the process. An additional $4,500.00 is the amount necessary to fulfill the City’s obligation. In addition, approximately $15,000.00 has been billed for Non Retainer issues over the budgeted amount thus far this year. Staff would also recommend a transfer of funding to accommodate