Agenda Packets - 1982/12/13 - Laserfiche WebLink

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TO: Mayor & Council FROM: Finance Director -Treasurer Brager DATE: December 15, 1982 RE: GENERAL FUND BUDGET 'TRANSFERS Attached for your review is a proposed resolution authorizing budget transfers for the General Fund for those accounts which are estimated to be over budget in 1982. The goal of these proposed transfers is not to ensure that every individual account will not be over budget but rather to transfer an amount sufficient to ensure that each department will not be over budget. The following is a brief descrip- tion of the reasons for the proposed transfers. Group insurance for all departments for 1982 was budgeted on the basis of what coverage was in effect for an employee at the time the budget was prepared and at the then current rate. During 1982 several employees changed their coverage and there was an increase in rates. This will result in several department's group insurance accounts being over budget. Thus, budget transfers to various group insurance accounts are being proposed. Unemployment Compensation payments are not budgeted due to the un- predictability of this expense. This is one of the items for which an amount is budgeted in the contingency account. Several departments incurred this expense due to employee turnover. Council - Additional dumping costs for clean-up day caused Operating Supplies to be over budget. Legal notices and printing are over budget because of advertising to fill positions caused by employee turnover and from publication of an increased number of legal notices this year. Commissions - As part of a budget balancing measure it was assumed that the Festival in the Park would make money or break even. Consequently, it was not budgeted. Revenues were $5,637 and expenses were $6,891; a loss of $1,254. Elections - Elections will be over budget due to repairs of ballot counters which cost $1,683.00 and postage expense from sending notice of precinct changes to all registered voters. rue Le - Prosecuting attorney services are anticipated to be over budget o a recent change in State law requiring the City Attorney to prosecute certain offenses which were formerly handled by the County Attorney. Public Works/Communes Development - A transfer to cover costs of the last quarter's engineering services contract, previously approved by Council, is necessary.