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s,t.- ll,L <br />MEMO TO: Mayor G Council <br />t! RUM: Finance Director -Treasurer Brayer <br />f DATE: August 28, 1965 <br />RE: MODIFICA'11UNS 'ro PROPOSED 1986 GENERAL FUND BUDGET <br />Revenues <br />The Local Goverrment Aids c Analysts Division of the Department <br />of Revenue has certified the amount of Local Government A!ds the <br />City will receive in 1986 at $545,179. That amount is $777 less <br />than was estimated. <br />Information received from the League of Minnesota Cities nLatC�; <br />that the Commissioner of Insurance has advised using a figurer of <br />$2,695 per full time police officer as of December 31, 1984 <br />buGget for Pulice State Aid. At that date the City had twelve <br />officers. Thus, estimated aid would be $32,340. That is $2,678 <br />more than was origigally estimated. <br />These two modifications result in increaced revenues of S1,901. <br />Estimated 1986 General Fund Revenues after these modifications is <br />$2,108,755. <br />Ex�_enditures <br />A proposal hat been received fr.im the Energy Coordinator to <br />continue the City's Energy Program in 1986 and to establish a <br />recycling program. Funding will be a :ombina[ion of grants and <br />local contributions. 'rhe City's contribution is proposed tc be <br />$5,000. Staff proposes that a separate Energy Fund be <br />established to account for the program. Therefor', the City's <br />concributio-i is bucketed under Account 100-120-4990, Transfers <br />Out. Clerk -Administrator Pauley will prcvide you wish an <br />in-depth report on this matter. <br />The warranty on the City's microfilm equipment has expired. <br />Staff proposes the purchase of a maintenance agreement for this <br />equipment at an annual cost Of $1,150. This amount has been <br />added to Account jUj-190-451:1 City Hall - Repairs, Equipment. <br />The net effect Of these modifications is an increase in <br />expenditures Of $4,259. In order to maintain a balanced budget <br />the Salary Adjustments ACcuunL lia5 been redureA from $85,172 to <br />$uu,913. <br />Revised budget sheets have been prepared and are attached. <br />Should you have any questions please do not hesitate to contact <br />me. <br />DB/ds <br />Attachments <br />