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89-1427 WHITE - CI�'V GLERK � PIfyK - FINANCE GITY OF �S INT PAUL Council �ANARY �DEPARTMENT � BLUE -� MAYOR File NO. /�� - �Co ci� esolution - �'�� , 1 � � , Presented By � Ref e T � I Committee: Date ��S� Out of Committee By I Date WHEREAS, The Tax Reform Act of 1i9$ imposed stringent requirements for the reporting, traeking and reba�te of arbitrage earnings for tax exempt bond funds, and � WHEREAS, these arbitrage rebate ,ea nings result from interest earnings on bond proceeds in excess of tt}e et interest rate on the Bonds, and WHEREAS, during 1989 , the Gener�l bligation Speeial Assessments Streets Fund earned $8 ,673 in a�bi rage interest, and WHEREAS, these funds must be tr�n erred to the appropriate City Agency Aecount for repayment to ' t e federal government , and WHEREAS, The Mayor pursuant to Se tion 10 .07. 1 of the City Charter, does aertify that there are avafLl ble for appropriation revenues in exoess of those estimated in th�e 989 budget ; and WHEREAS, The Mayor recommends t�e following ehanges to the 1989 budget: i I ; � ; GOUNCIL MEMBERS � Requested by Department of: Yeas Nays i rnmooa Finance and Manage ent Services Long In Favdr Goswitz � ! � Rettman � ��;�� Against� BY �� Sonnen ! Wilson ; , Form Approv City Att ney Adopted by Council: Date � i Certified Passed by Council Secretary i By i By A►ppro d by iNavor: Date � � Appro d by Mayor for Submi ion t Oeuncil B � 1 � � , . . . � /�jC� I��f . . � • . �'� 4 T��0��►1 � o�� F ti - $ 9 ��El� SH: T ao. ».�►� coirr�reraoM a n�o� . o�r�rs�owec� cm►ax�x Shislel: Da�le - 19"1-703$ A'F7O�N�r .Crt1►Cu� �MNTKOIt00lNIO�.AOEIiDYk�It��Vl1 /1�0li0M1lClOR fi11i��B1Y10�'Ol!►• , IIA�tilll'�JII' � . . � T Cil�Cauacil ';', `T�lfiAl��0!��TtlR�! � (q.N�A� . !��'�11l1�; :,.�r��' . ,�:� .., . ._ .. . ..M_ :,r . :,:¢y: . _. �: �.. Ti�is resolntion est�rYtst� a badqet��for t�transf o '1989�asbitraq�€irntasr�a�earaings�.i`zo�tbe boon�t�to�- " ' - ' the a�s�opriat� Cit �C:g a000unt for PaFa� to I ' :�reza�t• " .` . 7 . . . . . . 'rtr�:�.t� s"„�' � .!y . .. . � � � . . ,..`'° s•�k� . . . ��. � . , ,.. . - . .. . . � =�f'; .�aM ., . _. - ... . ,y . � � rr OI � _../I.MINNs18 OOAMIIl�ION ,��CIYR Y6lIYI��Mi�O� AIIAL11iT f �NOfE q04.- _a.oow�rr� �._ JUN 2 9 i989 —'�"� — UFfICf OF TH£ �IRECTOR —016'�f0°""'� — DEPARTMENT OF FIN/k(tifCE �""**10�""�0'''�""�'r MAYOR'S OFF E ; AND MANAGEA71fNT SERVIGES �wnn�px��noe��r.ae�.o�n�wn.o,wnw w�.wn«..wM+k � The Tax Refon Act of 198b imposeQ stringent reQni s for the reportinq, trackinq and.rebate of arbitraqe- inte t - earninqs for tax'e�t�►t bond fv�s. These arbitra r ate earninqa are the interest earainqs on Dond procxeds in excess of the net f.nterest rate on the bonds ar .receipted into the debt semice•ac�count for each bond issue. - The aonep is availab�r but must be budgete8 for ia 98 . . °� ADItANfA�B if A/PRCVEOt - The.Gitp is iis oo�tlianoe rit�tbe 1a� as�'tt►e ;.appropriafiet#,for rebate purpos�. , _ ,:a:�•.,.;� Bu�qeting yenril far thseer�ia_qooct f1�ca� `, ae it sl�a�'the Cl�tp.to;"s�C':aaide tt�c.� `a�a� for rebate to tDe fa8eral gaveraest. : � ,: , . , " : .A,�' � � � � � . - . . . "i:.' . . � . O�ACNAtti�3M�lIPPAO�I�e _ ,^.�' _ :;"'�t`��%ti pjpng. . . _ , , .:�.�_,�, Ta be� in cw�plianc�e rith the la�r, thee.Qit�;.�st ,th�er asbitra�iater�t emrninq�d . J .�i,,��t�i ..::v � ;j . _i�s"- `,� _. ': -. . . ' , _ �.'�`? ,:;, ,r 2t'#j'4 ,,; _ , , , _ .,,, . -„'�.:� ,::,+;, ptAQ1MNtAQ�S E NO?AMIIOYlD: �,»�,�j{��,� . a�sr T!�peaaltg• fo��aonoon£ora�os�to�tl��,� ias c�p�,ltk�ba�,#,�tr�,y�'C�.tj6.�� '��t�o�de ' �'.j�s�� `v ..t.^.�a r .�' ..'t ..�Sp'.� . 7�!!+N. TS��X'L �' ' ''�d':�C � ��,� � , .,:; ' . •. , �-,,� aa»a�'��-a' .a:,�:.; y �t'�v� " �� ' ' :_ �ou-�il #�e,s.e� ��e� :�;.: ..�., ; _ , .. r��-�. > �-z . K�� .,r �.. . �/�- (±� �, �� < ,�1�aY ..rT'��h , . .4 . !..w, � (; d .:rt��i..� #�`' . . . . . .. ,;kS.t i•� '�..FX , .� s :e�. . . . . ., �it:.4 a�w �.� d . . .� .. .. . . � ,�_.3 .. • . , � . ,;L ,.: :Y,...rhY,;,',� i� � �=i.. ,.i -::.i1,. . ., .:` ' '- ..�. :,�. �.;:.. _-�r ri`38� s.,: TOTK 0� .�_.._.j;C� ��' �' ,�a. Interemt �arni s � � �� /" � �Ilpl� � ' ��! �'��Resoitition establiahes et or 1989.. Money is� aslde� in �►t 'l000unts for ttsis �s�[.. I � - . •� , � ��9- /��7 � I Current Amended Budget Changes Budget FINANCING PLAN ------- ------- -------- 963 G. O. Special Assessments I Streets Fund 89387 G. O. Speeial Assessments �l 1987 Bonds 6602 Interest on Investmentls - 0 - 6 , 871 6, 871 All Other Finaneing 209 , 725 - 0 - 209 ,725 ------- ------ -------- Total Finaneing ! 209 ,725 6 , 871 216 ,596 89388 G. O. Special Assessments 1988 Bonds 6602 Interest on Investments - 0 - 1 , 802 1 , 802 All Other Finaneing 259 , 032 - 0 - 259 , 032 ------- ------ ------- Total Finaneing 259 , 032 1 , 802 260, 834 � I I i 2 i WHITE, - CifV CIERK COUI1C11 w PINK - FINANCE GITY OF 'S INT PALTL / rCMJA-RV -�pEPARTMEN7 I/ BLUE - MAVOR File NO. � ��` Council esolution Presented By Referred To Committee: Date Out of Committee By Date SPENDING PLAN �' 963 G. O. SpeQial Assessments Streets Fund 89387 G. O. Special Assessment ! 1987 Bonds ' 0514 Operating TransFer Out - 0 - 6 , 871 6 , 871 All Other Spending 209 , 725 - 0 - 209 ,725 -------- ----- -------- Total Spending 209 ,725 6 , 871 216 ,596 89388 G. O. Special Assessments 1988 Bonds 0�14 Operating Transfer Out - 0 - 1 , 802 1 , 802 All Other Spending 259 , 032 - � - 259 , 032 ------- ----- ------- Total Spending 259 , 032 1 , 802 260 , 83� NET CHANGE I 8, 673 � RESOLVED, That the City Council ap ro es these ehanges to the 1989 budget . ' Approval Recommended '�� Budget r etor COUNCIL MEMBERS Requested by Department of: Yeas Nays Dimond Fina ce and Manage nt Se vices �� _� [n Favor Gosw;tz � Rettman B s�he;ne� _ Against Y Sonnen Wilson '� j � Form Approved by City torne Adopted hy Council: Date Certified Y�: d by Council Secretar BY f' , ��,�� By _at.,�� ' t#pp by iNavor: Da --v��- Approv Mayor for Submissi n �`� By pvg�i�b S E P `� � 198� 3 �-- - I . . w I C� V ' /�� : , .,... ! .>., �' ` CITY OF IS INT PAUL t 3sit6,��+.� � 75S a!C J • ~� _ OFFICE OF'�'H CITY COUNCIL Committ e Report � Finance Mana eme t Personnel Committee September 11, 1989 1. Approval of minutes of August Z!1, 1989, meeting. Approved 2a. Resolution 89-1427 - amending he 1989 budget and Approved adding $8,673 to the Financing an Spending Plans for G.O. Special Assessment, 1 87 and 1988 Bonds- arbitrage interest earnings. Re erred from Council August 15) 2b. Resolution 89-1428 - amending �he 1989 budget and Approved adding $123,194 to the Financiig nd Spending Plans for General Debt Service Fund, 19 T and 1988 Bonds- � arbitrage interest earnings. �Re erred from Council August 15) . 2c. Resolution 89-1429 - amending the 1989 budget and Approved adding $118,850 to the Financi�g nd Spending Plans for Sewer Service Bond Fund - rb trage interest earnings. (Referred from Coun�il August 15) 2d. Resolution 89-1430 - amending I'the 1989 budget and Approved adding $12,000 to the Financinlg a d Spending Plans for powntown & 7th Place TIGO IDe Service - arbitrage interest earnings. (Referred fr Council August 15) 2e. Resolution 89-1431 - amendinglth 1989 budget and Approved adding $7,000 to the Financin� a Spending Plans for Park Nursery Development TIG Debt Service - arbitrage interest earnings. (R ferred from Council August 15) i 3. Resolution 89-1301 - amending �th 1989 budget by Approved adding $42,445 to the Financir�g nd Spending Plans for the Rental Dwelling Registra ion Program. (Referred from Council July 2$, aid over August 21) - : 4. Resolution 89-1300 - amendinglth 1989 budget by Approved. adding �10,800 to the Financirg nd Spending Plans for the Alarm Permit Program. ( eferred from Council July 25) i i i CITY HALL S�VE T'H FLOOR SAINT PAUL, MINNESOTA 55102 •�r.46 I Finance Committee Report September 11, 1989 5. Resolution 89-1325 - amending the 1989 budget by Approved adding $30,000 to the Financing and Spending Plans in the Fire Department for new roof at Fire Station No. 10. (Referred from Council August 1) 6. Resolution 89-1423 - amending the 1989 budget by Approved adding $11,706 to the Financing and Spending Plans of General Fund - Fire Department salaries - overtime. (Referred from Council August 15) 7. Resolution 89-1424 - amending the 1989 budget and Approved adding $52,451.96 to the Financing and Spending Plans for Friends of the Library. (Referred from Council August 15) 8. Resolution 89-1425 - amending the 1989 budget and Approved adding $30,000 to the Financing and Spending Plans for Community Services Library materials. (Referred from Council August 15) 9. Resolution 89-1492 - amending the 1989 budget by Approved as amended adding $20,000 to the Financing and Spending Plans for physical examinations for potential city employees. (Referred from Council August 22) 10. Resolution 89-1521 - amending the 1989 budget by Approved adding $70,000 to the Financing and Spending Plans for the Public Works Traffic, Signal , Lighting and Maintenance fund. (Referred from Council August 29) 11. Resolution 89-1540 - amending the 1989 budget by Approved Substitute adding $246,151 to the Financing and Spending Plans Resolution for CIS computer upgrading. (Referred from Council August 31) 12. Resolution 89-1243 - approving the appointment by Denied the Mayor of James C. Sargent to serve as a Commis- sioner of the Civil Service Commission. (Referred from Council July 13, laid over July 31) 13. Resolution 89-1469 - authorizing district councils to Denied use funds allocated for neighborhood cleanup projects in addition to the Neighborhood Cleanup Day; and that District 15 Community Council is authorized to utilize its neighborhood cleanup allocation for printing and distribution of solid waste reduction and recycling brochure. (Referred from Council August 17) 14. Ordinance 89-1266 - amending Chapter 370 of the Approved Legislative Code pertaining to appointment of members to the Board of Examiners for Certificate of Competency holders. (Referred from Council July 25, laid over August 21)