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HomeMy WebLinkAbout08.05.24 Work Session PacketAGENDA Council Work Session 5:00 PM - Monday, August 5, 2024 Farmington City Hall, Council Chambers Page 1.CALL TO ORDER 2.APPROVE AGENDA 3.DISCUSSION ITEMS 3.1. Proposed 2025 Preliminary Budget Review the information on the proposed preliminary 2025 budget and provide City Staff with guidance on any amendments. Agenda Item: Proposed 2025 Preliminary Budget - Pdf 2 - 15 4.CITY COUNCIL COMMITTEE UPDATE 5.CITY ADMINISTRATOR UPDATE 6.ADJOURN Page 1 of 15 COUNCIL WORK SESSION AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Kim Sommerland, Finance Director Department: Finance Subject: Proposed 2025 Preliminary Budget Meeting: Council Work Session - Aug 05 2024 INTRODUCTION: The preliminary 2025 budget schedules are being provided for your review and discussion. DISCUSSION: City Staff has been working on the 2025 budget since April. After evaluating departmental requests and financing options, a proposed budget has been developed for City Council review. Below is a summary of the proposed general fund budget and levy. Revenues The total non-property tax related revenues reflect a $179,131, or 3.82% decrease from the 2024 budget. Expenditures In comparing the adopted 2024 budget to the proposed 2025 budget, there is an increase of total expenditures by $948,373 or 5.02%. Fiscal Disparities Fiscal Disparities is a metro-wide program that shares commercial/industrial growth in the metro area between cities. Because Farmington has not developed at the same rate as other metro cities Page 2 of 15 in the commercial/industrial area, we are a net “gainer” of revenue in this area. This amount will be finalized in mid to late August 2024. The 2025 proposed budget includes an amount that reflects no change from 2024 until further information is known. Staffing Included in the proposed budget are the following personnel requests: · (2) PT Community Service Officers (added mid-year 2024 using budget savings) · (1) Fire Marshal (added mid-year 2024 using budget savings) · (1) Administrative Support Technician · Change Parks Maintenance Worker to a Parks Maintenance Foreman · Increase RRC Program Assistant from 20 hours/week to 28 hours/week. Further highlights of the changes in the proposed budget will be provided in a presentation during the work session. BUDGET IMPACT: Overall, the proposed 2025 budget is crafted to align with the City’s strategic goals, ensure financial stability, and effectively address both current and future needs. ACTION REQUESTED: Review the information on the proposed preliminary 2025 budget and provide City Staff with guidance on any amendments. ATTACHMENTS: 2025 Budget Schedules 2025 Budgeted Transfers Page 3 of 15 2023 Budget 2024 Budget 2025 Proposed Budget Change  % Non‐Property Tax Revenues     Licenses and Permits 915,470 779,050 843,765 8.31%     Intergovernmental Revenue 623,320 769,110 846,310 10.04%     Charge for Service 605,919 729,930 835,288 14.43%     Fines and Forfeitures 55,000 55,000 57,500 4.55%     Investment Income 51,000 10,000 74,300 643.00%     Miscellaneous 48,410 63,100 62,100 (1.58)%     Transfers In 1,497,734 2,284,510 1,792,306 (21.55)%         Total Revenues 3,796,853 4,690,700 4,511,569 (3.82)% Expenditures     Administration 1,159,523 1,406,345 1,400,995 (0.38)%     Human Resource 401,235 439,839 458,930 4.34%     Dakota Broadband 45,500 0 0 0.00%     Finance and Risk Mgmt 848,407 968,120 1,100,969 13.72%     Police 5,664,569 6,203,145 6,333,195 2.10%     Fire 1,742,006 1,795,783 2,066,829 15.09%     Community Development 1,239,709 1,446,254 1,404,093 (2.92)%     Engineering 814,743 989,680 986,001 (0.37)%     Municipal Services 1,716,574 1,980,327 2,167,958 9.47%     Parks and Recreation 1,610,495 1,785,914 1,900,810 6.43%     Transfers Out/Unallocated 1,642,022 1,869,000 2,013,000 7.70%         Total Expenditures 16,884,783 18,884,407 19,832,780 5.02% Revenues Over (Under) Expenditures (13,087,930) (14,193,707) (15,321,211) 7.94% Operating Levy 13,087,930 14,193,707 15,321,211 7.94% EDA Levy 0 150,000 250,000 66.67% Debt Levy     Bonds 1,903,565 1,667,100 1,685,854 1.12%     2005C Loan Repay‐Storm Water Tr Adv 166,000 96,000 49,000 (48.96)%         Total Debt Levy 2,069,565 1,763,100 1,734,854 (1.60)% Gross Levy 15,157,495 16,106,807 17,306,065 7.45% Fiscal Disparities 2,407,636 2,098,009 2,098,009 0.00%         Farmington Net Tax Levy 12,749,859 14,008,798 15,208,056 8.56% Net Tax Capacity 29,697,452        31,083,139        31,052,398        ‐0.10% Tax Rate on Tax Capacity 42.933% 45.069% 48.975%8.67% Average Home Taxable Market Value 339,312             351,468             345,450             ‐1.71% Estimated Annual City Taxes 1,457                  1,584                  1,692                  6.81% City of Farmington Summary Budget and Tax Levy 2023 Budget, 2024 Budget and 2025 Proposed  DR A F T Page 4 of 15 2022 Budget 2023 Budget 2024 Budget 2025 Proposed             LIQUOR LICENSES 40,000 37,000 37,000 37,000             BEER & WINE LICENSES 800 800 800 800             CLUB LICENSES 500 500 500 500             MASSAGE LICENSE 50505050             GAMBLING LICENSE/PERMIT 150 300 450 50             OTHER LICENSE & PERMIT 1,400 1,800 2,300 2,300             ANIMAL LICENSES 2,000 2,900 0 0       Total  Licenses 44,900 43,350 41,100 40,700             BUILDING PERMITS 590,000 762,770 609,000 656,000             REINSPECTION FEES 1,200 5,000 5,000 3,055             CODE ENFORCEMENT FEES 900 900 900 500             PLUMBING & HEATING PERMITS 60,000 60,000 65,000 77,000             ELECTRIC PERMITS 20,000 23,000 23,000 24,000             ISTS PERMITS 250 250 500 400             UTILITY PERMITS 10,500 11,000 23,740 31,400             SIGN PERMITS 700 900 900 700             BURNING PERMITS 1,250 1,300 1,300 1,400             OTHER PERMITS 7,000 7,000 8,610 8,610       Total  Permits 691,800 872,120 737,950 803,065       Total Licenses and Permits 736,700 915,470 779,050 843,765             FEDERAL GRANT 5,000 3,100 5,600 3,300             LOCAL GOVERNMENT AID 105,587 0 0             MSA MAINTENANCE 184,000 185,400 257,390 277,260             POLICE AID 205,000 225,000 240,000 267,000             POST TRAINING 15,000 25,000 25,000 25,000             FIRE AID 150,000 175,000 195,000 213,000             STATE GRANT 0 3,700 17,500 33,250             MARKET VALUE CREDIT 0 0 2,500 2,500             COUNTY MISCELLANEOUS 7,500 6,120 26,120 25,000         Total Intergovernmental 672,087 623,320 769,110 846,310             CUSTOMER SERVICES NONTAXABLE 135 150 380 1,900             ZONING & SUBDIVISION FEES 3,000 4,000 3,500 4,900             ADMINISTRATION FEES ‐ PROJECTS 4,000 7,500 9,000 8,500             FIRE CHARGES 258,940 264,177 367,010 394,810             POLICE SERVICE CHARGES 80,385 81,992 83,630 92,178             ENGINEERING FEES ‐ PROJECTS 0 0 24,890 75,000             EROSION & SEDIMENT CONTROL 9,500 14,000 22,280 27,000             RECREATION FEES ‐ GENERAL 75,000 62,000 65,000 76,000             RECREATION FEES ‐ SENIOR CTR 17,000 17,500 23,000 24,000             MEMBERSHIP FEES ‐ SENIOR CTR 7,500 7,600 9,000 9,900             ADVERTISING 500 500 1,040 0             ADVERTISING 1,500 1,500 1,200 1,100             FRANCHISE FEE 145,000 145,000 120,000 120,000         Total Charges For Services 602,460 605,919 729,930 835,288             COURT FINES 50,000 55,000 55,000 57,500         Total Fines & Forfeitures 50,000 55,000 55,000 57,500             INTEREST ON INVESTMENTS 41,600 51,000 10,000 74,300         Total Investment Income 41,600 51,000 10,000 74,300             RENTAL INCOME ‐ RRC 18,000 7,710 8,500 7,000             RENTAL INCOME ‐ FIELD RENTAL 0 0 4,100 5,100             RENTAL INCOME 28,678 29,000 25,000 38,000             MISCELLANEOUS REVENUE 34,200 4,200 5,600 7,000             DONATIONS 0 2,500 4,900 5,000             REFUNDS & REIMBURSEMENTS 0 5,000 15,000 0         Total Misc Revenue 80,878 48,410 63,100 62,100             OPERATING TRANSFERS 1,427,858 1,497,734 2,284,510 1,792,306        Total Transfers In 1,427,858 1,497,734 2,284,510 1,792,306         Total Revenues $3,611,583 $3,796,853 $4,690,700 $4,511,569 General Fund Non‐Property Tax Revenue Summary 2022 Budget, 2023 Budget,  2024 Budget and 2025 Proposed  DR A F T Page 5 of 15 2022 Budget 2023 Budget 2024 Budget 2025 Proposed Expenditures     Administration         Legislative (1005) 87,259 110,262 116,964 158,746         Administration (1010) 469,641 528,826 651,927 630,831         Elections (1013) 47,948 10,000 60,572 12,902         Communications (1014) 132,916 134,785 154,958 141,301         City Hall (1015) 361,485 375,650 421,924 457,215         Total Administration 1,099,249 1,159,523 1,406,345 1,400,995     Human Resources         Human Resource (1011) 402,112 401,235 439,839 458,930         Total Human Resources 402,112 401,235 439,839 458,930     Dakota Broadband         Dakota Broadband 45,500 45,500 0 0         Total Dakota Broadband 45,500 45,500 0 0     Finance and Risk Management         Finance (1021)648,309 658,857 753,210 830,969         Risk Management (1022)170,450 189,550 214,910 270,000         Total Finance and Risk Management 818,759 848,407 968,120 1,100,969     Police         Police Administration (1050)1,356,642 1,382,034 1,529,104 5,823,802         Patrol Services (1051)2,929,249 3,228,428 3,545,612 427,755         Investigations (1052)974,019 1,032,707 1,112,529 65,738         Emergency Management (1054)19,900 21,400 15,900 15,900         Total Police 5,279,810 5,664,569 6,203,145 6,333,195     Fire         Fire (1060)1,592,646 1,742,006 1,795,783 2,066,829         Total Fire 1,592,646 1,742,006 1,795,783 2,066,829     Community Development         Planning (1030)624,475 554,687 674,681 692,878         Building Inspection (1031)434,707 685,022 771,573 711,215         Total Community Development 1,059,182 1,239,709 1,446,254 1,404,093     Engineering         Engineering (1070)725,816 672,459 838,685 770,558         Natural Resources (1076)124,595 142,284 150,995 215,443         Total Engineering 850,411 814,743 989,680 986,001     Municipal Services         Streets (1072)1,358,489 1,436,409 1,690,299 1,835,390         Snow Removal (1073)251,215 280,165 290,028 297,309         Recycling (1078)35,259        Total Municipal Services 1,609,704 1,716,574 1,980,327 2,167,958     Parks and Recreation         Park Maintenance (1090) 677,974 979,476 1,100,326 1,180,931         Rambling River Center (1093) 227,731 204,199 223,671 239,266         Park & Rec Admin (1094) 324,745 210,945 260,353 266,248         Recreation Programs (1095) 99,287 215,875 201,564 214,365         Total Parks and Recreation 1,329,737 1,610,495 1,785,914 1,900,810         Transfers Out & Unallocated 1,642,609 1,642,022 1,869,000 2,013,000         Total Transfers Out & Unallocated 1,642,609 1,642,022 1,869,000 2,013,000         Total Expenditures 15,729,719 16,884,783 18,884,407 19,832,780 General Fund Expenditure Summary 2022 Budget, 2023 Budget,  2024 Budget and 2025 Proposed  DR A F T Page 6 of 15 EDA TIF Park  Improvement Ice Arena Total Sources Property Taxes  $           250,000  $           170,000  $                        ‐   $                        ‐   $           420,000  Charges for Services                            ‐                             ‐                200,000                427,100                627,100  Miscellaneous                    2,600                        700                  23,665                  20,400                  47,365  Other Financing Sources                            ‐                             ‐                155,000   ‐                155,000           Total  $           252,600  $           170,700  $           378,665  $           447,500  $       1,249,465  Uses General Government  $                        ‐   $           155,750  $                        ‐   $                        ‐   $           155,750  Community Development               188,350                             ‐                             ‐                             ‐                188,350  Parks and Recreation                            ‐                             ‐                162,000                536,948                698,948  Other Financing Uses                            ‐                             ‐                             ‐                             ‐                             ‐           Total  $           188,350  $           155,750  $           162,000  $           536,948  $       1,043,048  Net Change in Fund    Balances or Net Position  $             64,250  $             14,950  $           216,665  $           (89,448) $           206,417  Special Revenue Funds 2025 Proposed Budget Summary DR A F T Page 7 of 15 Closed  Bond Fund 2005C St  Wtr Trnk  Loan 2015A GO  St Reconst  Bds 2016B GO  Cap Imp  Rfdg Bds 2020A GO Equip Certs 2022A GO Bds 2024A GO  Bds Total Sources Property Taxes  $                ‐   $     49,000  $   215,955  $   647,500  $   241,438  $   218,393  $   362,568  $  1,734,854  Special Assessments       286,052                     ‐                     ‐                     ‐                     ‐                     ‐                     ‐           286,052  Miscellaneous         12,900            1,000            1,500            1,500                     ‐            1,200                     ‐             18,100  Other Financing Sources                    ‐                     ‐                     ‐   ‐   ‐        255,000   ‐           255,000           Total  $   298,952  $     50,000  $   217,455  $   649,000  $   241,438  $   474,593  $   362,568  $  2,294,006  Uses Principal  $                ‐   $                ‐   $   240,000  $   575,000  $   230,000  $   310,000  $                ‐   $  1,355,000  Interest                    ‐                     ‐          29,500          51,175          18,000        138,600        112,024           349,299  Fiscal Agent Fees                    ‐                     ‐            3,450            3,450            2,950                600                     ‐             10,450  Other Financing Uses       255,000          49,000                     ‐                     ‐                     ‐                     ‐                     ‐           304,000           Total  $   255,000  $     49,000  $   272,950  $   629,625  $   250,950  $   449,200  $   112,024  $  2,018,749  Net Change in Fund    Balances or Net Position  $     43,952  $       1,000  $   (55,495) $     19,375  $     (9,512) $     25,393  $   250,544  $     275,257  Debt Service Funds 2025 Proposed Budget Summary DR A F T Page 8 of 15 Sewer  Trunk Cable Fund Fire Capital Storm  Water  Trunk Recreation  Capital Private  Capital  Projects Water  Trunk Gen Cap  Equip Street Maint  & Reconst Trail  Maint  Building  Maint Emerald  Ash Borer Total Sources Property Taxes  $                ‐   $                ‐   $                ‐   $                ‐   $                ‐   $                ‐   $                ‐   $                ‐   $                  ‐   $                ‐   $                ‐   $                ‐   $                  ‐  Charges for Services       193,000          75,000                     ‐        350,000                     ‐                     ‐        513,000                     ‐                        ‐                     ‐                     ‐                     ‐       1,131,000  Miscellaneous         10,000            8,500            2,700          52,900            1,800          22,600          11,200          56,900             31,400            3,900            3,000                     ‐           204,900  Bond Sale Proceeds                    ‐                     ‐                     ‐                     ‐                     ‐                     ‐                     ‐                     ‐       1,500,000                     ‐                     ‐                     ‐       1,500,000  Other Financing Sources                    ‐                     ‐                     ‐          49,000   ‐                     ‐                     ‐        681,000       2,300,000        220,000        292,000       500,000       4,042,000           Total  $   203,000  $     83,500  $       2,700  $   451,900  $       1,800  $     22,600  $   524,200  $   737,900  $  3,831,400  $   223,900  $   295,000  $   500,000  $  6,877,900  Uses General Government  $                ‐   $   126,030  $                ‐   $                ‐   $                ‐   $                ‐   $                ‐   $                ‐   $                  ‐   $                ‐   $     57,900  $                ‐   $     183,930  Public Safety                    ‐                     ‐                     ‐                     ‐                     ‐                     ‐                     ‐        170,988                        ‐                     ‐        312,400                     ‐           483,388  Public Works                    ‐                     ‐                     ‐                     ‐                     ‐                     ‐                     ‐        385,000       4,000,000                     ‐                     ‐        500,000       4,885,000  Parks and Recreation                    ‐                     ‐                     ‐                     ‐                     ‐                     ‐                     ‐        124,645                        ‐        220,000                     ‐                     ‐           344,645  Other Financing Uses                    ‐                     ‐                     ‐                     ‐                     ‐                     ‐                     ‐                     ‐                        ‐                     ‐          19,500                     ‐             19,500           Total  $                ‐   $   126,030  $                ‐   $                ‐   $                ‐   $                ‐   $                ‐   $   680,633  $  4,000,000  $   220,000  $   389,800  $   500,000  $  5,916,463  Net Change in Fund    Balances or Net Position  $   203,000  $   (42,530) $       2,700  $   451,900  $       1,800  $     22,600  $   524,200  $     57,267  $    (168,600) $       3,900  $   (94,800) $                ‐   $     961,437  Capital Project Funds 2025 Proposed Budget Summary DR A F T Page 9 of 15 Liquor Sewer Storm Water Water Street Lights Total Sources Sales  $       7,029,100  $       3,855,484  $       1,536,320  $       2,398,358  $           245,000  $     15,064,262  Less Cost of Sales          (5,113,600)                           ‐                             ‐                             ‐                             ‐           (5,113,600) Net Sales            1,915,500             3,855,484             1,536,320             2,398,358                245,000             9,950,662  Non‐Operating Revenues                 20,600                  22,000                  27,300                458,132                     3,700                531,732           Total  $       1,936,100  $       3,877,484  $       1,563,620  $       2,856,490  $           248,700  $     10,482,394  Uses Personal Services  $           742,090  $               2,303  $               1,152  $             17,649  $                        ‐   $           763,194  Other Services & Charges               538,315                481,066                603,458                892,406                228,000             2,743,245  MCES Charges                            ‐             2,207,567                             ‐                             ‐                             ‐             2,207,567  Depreciation                            ‐                690,000                475,000             1,050,000                             ‐             2,215,000  Other Financing Uses               257,806             1,040,863             1,080,855             1,189,782                             ‐             3,569,306           Total  $       1,538,211  $       4,421,799  $       2,160,465  $       3,149,837  $           228,000  $     11,498,312  Net Change in Fund    Balances or Net Position  $           397,889  $         (544,315) $         (596,845) $         (293,347) $             20,700  $      (1,015,918) Enterprise Funds 2025 Proposed Budget Summary DR A F T Page 10 of 15 Employee  Expense Property &  Liability Fleet Information  Technology Total Sources Charges for Services  $       3,349,753  $           381,600  $           381,925  $       1,100,008  $       5,213,286  Miscellaneous                 22,600                     3,900                        600                     7,100                  34,200  Other Financing Sources                            ‐                  22,000                             ‐   ‐                  22,000           Total  $       3,372,353  $           407,500  $           382,525  $       1,107,108  $       5,269,486  Uses Personal Services  $       3,349,753  $                        ‐   $           273,025  $           286,513  $       3,909,291  Other Services & Charges                            ‐                381,600                104,500                768,308             1,254,408  Depreciation                            ‐                             ‐                     5,000                             ‐                     5,000  Other Financing Uses                            ‐                             ‐                             ‐                             ‐                             ‐           Total  $       3,349,753  $           381,600  $           382,525  $       1,054,821  $       5,168,699  Net Change in Fund    Balances or Net Position  $             22,600  $             25,900  $                        ‐  $             52,287  $           100,787  Internal Service Funds 2025 Proposed Budget Summary DR A F T Page 11 of 15 Special Debt Capital Internal 2025 Total General Revenue Service Projects Enterprise Service Budget Sources Property Taxes (incl Tax Increment) $     15,321,211  $           420,000  $       1,734,854  $                        ‐   $                        ‐   $                        ‐   $     17,476,065  Licenses & Permits               843,765                              ‐                              ‐                              ‐                              ‐                              ‐                843,765  Intergovernmental               846,310                              ‐                              ‐                              ‐                              ‐                              ‐                846,310  Charges for Services               835,288                627,100                              ‐             1,131,000             9,950,662             5,213,286          17,757,336  Special Assessments                             ‐                              ‐                286,052                              ‐   ‐   ‐                286,052  Fines and Forfeitures                 57,500                              ‐                              ‐                              ‐   ‐   ‐                  57,500  Miscellaneous               136,400                  47,365                  18,100                204,900                531,732                  34,200                972,697  Bond Sale Proceeds                             ‐                              ‐                              ‐             1,500,000                              ‐                              ‐             1,500,000  Other Financing Sources            1,792,306                155,000                255,000             4,042,000  ‐                  22,000             6,266,306           Total  $     19,832,780  $       1,249,465  $       2,294,006  $       6,877,900  $     10,482,394  $       5,269,486  $     46,006,031  Uses General Government  $       2,960,894  $           155,750  $                        ‐   $           183,930  $                        ‐   $                        ‐   $       3,300,574  Police            6,333,195                              ‐                              ‐                170,988   ‐   ‐             6,504,183  Fire            2,066,829                              ‐                              ‐                312,400   ‐   ‐             2,379,229  Community Development            1,404,093                188,350                              ‐   ‐   ‐   ‐             1,592,443  Public Works            3,153,959                              ‐                              ‐             4,885,000   ‐   ‐             8,038,959  Parks and Recreation            1,900,810                698,948                              ‐                344,645   ‐   ‐             2,944,403  Enterprise Funds                             ‐                              ‐                              ‐   ‐             7,929,006   ‐             7,929,006  Internal Service Funds                             ‐                              ‐                              ‐   ‐   ‐             5,168,699             5,168,699  Other Financing Uses            2,013,000                              ‐                304,000                  19,500             3,569,306  ‐             5,905,806  Debt Service   Principal                             ‐                              ‐             1,355,000  ‐  ‐  ‐             1,355,000    Interest & Fees                             ‐                              ‐                359,749  ‐  ‐  ‐                359,749           Total  $     19,832,780  $       1,043,048  $       2,018,749  $       5,916,463  $     11,498,312  $       5,168,699  $     45,478,051  Net Change in fund    Balances or net position  $                        ‐   $           206,417  $           275,257  $           961,437  $     (1,015,918) $           100,787  $           527,980  Summary Budget All Funds 2025 Proposed  DR A F T Page 12 of 15 CITY OF FARMINGTON TRANSFERS (TO) FROM OTHER FUNDS 2025 BUDGET 1000 2300 3141 4400 5600 5600.5 5700 5810 5811 5812 2025 7100 TOTAL General Fund Park Impr. 2022A GO Bonds Storm Wtr Tr Gen Cap Equip PD Gen Cap Equip Street Maint Trail Maint Bldg Maint EAB Street Imp Insurance TRANSFERS OUT TRANSFER FROM: GENERAL FUND 1000 General Fund 510,000.00            171,000.00            680,000.00            220,000.00            292,000.00             ‐                          20,000.00              1,893,000.00         DEBT SERVICE FUNDS 3000 Closed Bond Fund ‐                          255,000.00            255,000.00             3130 2005C 49,000.00              49,000.00               ENTERPRISE FUNDS 6100 Municipal Liquor 101,806.00            155,000.00            1,000.00                257,806.00             6202 Sewer‐Admin 101,671.00            40,000.00              450,000.00            1,000.00                592,671.00             6202 Sewer‐HR 448,192.00            448,192.00             6300 Solid Waste Funds 500,000.00            500,000.00             6402 Storm Water‐Admin 101,577.00            40,000.00              450,000.00            591,577.00             6402 Storm Water‐HR 489,278.00            489,278.00             6502 Water‐Admin 101,598.00            40,000.00              600,000.00            741,598.00             6502 Water‐HR 448,184.00            448,184.00             7000 Employee Expense Fund ‐                          ‐                           TOTAL TRANSFERS IN 1,792,306.00        155,000.00            255,000.00            49,000.00              510,000.00            171,000.00            800,000.00            220,000.00            292,000.00            500,000.00            1,500,000.00        22,000.00              6,266,306.00         TRANSFER TO: DR A F T Pa g e 1 3 o f 1 5 B3Cell: Kim Sommerland:Note: 73** A8Cell: Kim Sommerland:Note: 520* F11Cell: Kim Sommerland:Note: Per CIP funding General Capital Equipment Fund (not including PD items) G11Cell: Kim Sommerland:Note: per CIP funding General Capital Equipment Fund, PD items only H11Cell: Kim Sommerland:Note: per CIP funding report less $200K (use of fund balance) I11Cell: Kim Sommerland:Note: per CIP funding report J11Cell: Kim Sommerland:Note: Per CIP funding source report, less $100K (use of fund balance) M11Cell: Budgeted transfer for insurance deductibleNote: E15Cell: Kim Sommerland:Note: Teah Malecha: Represents annual debt service for 2005C which is used to repay Storm Water Trunk interfund loan. Actually doesn't flow through operating transfers, but is shown that way for budget purposes. B18Cell: Kim Sommerland:Note: Teah Malecha: rounded to be evenly divided by 12 (i.e. monthly transfers) C18Cell: Kim Sommerland:Note: Per CIP funding report M18Cell: Budgeted transfer for insurance deductibleNote: B19Cell: Kim Sommerland:Note: Teah Malecha: Approx 4% increase rounded to be evenly divided by 12 (i.e. monthly transfers) M19Cell: Budgeted transfer for insurance deductibleNote: B20Cell: Kim Sommerland:Note: Per HR, PW Budget Allocation worksheet K21Cell: Kim Sommerland:Note: based on CIP funding report; reduced $100K from original B22Cell: Kim Sommerland:Note: Teah Malecha: Approx 4% increase rounded to be evenly divided by 12 (i.e. monthly transfers) B23Cell: Kim Sommerland:Note: Per HR, PW Budget Allocation worksheet B24Cell: Kim Sommerland:Note: Teah Malecha: Approx 4% increase rounded to be evenly divided by 12 (i.e. monthly transfers) DR A F T Pa g e 1 4 o f 1 5 B25Cell: Kim Sommerland:Note: Per HR, PW Budget Allocation worksheet DR A F T Pa g e 1 5 o f 1 5