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86-1710 WHITE — CITV CLERK PINK — FINANCE G TY OF SA I NT PAU L Council CANARV — OEPARTMENT F11C NO. � � BLUE — MAVOR ouncil Resolution `� Presente By `�`' a � ..,�__, Referred To I n/ Committee: Date Out of Committee By Date WI�REA�S, The Mayor, pursu t to S ction 10.07.3 of the City Charter, has taken ac ion to reduce 1986 spending to re lect t e reduction in General Revenue Shari.ng, and �, The Mayor �eco�ne s the follawing changes to the 1986 budget: Current Amended Budget Changes Bwdget FI1�INCING PLAN ------------ ------------ ----------- 721 Federal Reveriue Sh ing Tr st Fund 7099 General Rev�nu Shar' g Entitlement 4,050,000 -374,413 3,675,587 6602 Interes Earn' gs 517 +16,425 16,942 0200 Fund Ba�ance 406,483 +16,655 423,138 . 4,457,000 -341,333 4,115,667 SPEI�ING PLAN 721 Federal Rev ue Sh ing Tr t r�und 50097 Revenu Shar' g - i7 h Entitlement 50097-0537 Operatin Trans er Out 4,457,000 -632,600 3,824,400 4,457,000 -632,600 3,824,400 NET CHANGE FOR Tf� 1986 SP ING -632,600 RESOLVID, That the �ity Co cil a roves these changes to the 1986 budget; and BE IT FUR'i�R RE50LVID, t the 1986 operating transfers out be $1,925,000 for apital Projects; $1,799,400 for the �erai Fund, $100,000 for Preventive Maintenance Systems ctivity #31156; and that a und b ance o $291,267 remain for financing the 1987 Gener Fund budget. Financing is Avail 1 Approval Reconanended _ � ��_"� � __ � � _ 1'1��/��=��1- Directo of E'i.nan �,�\Y�� �y Budget Di e or COUNCILMEN Requested by Department of: Yeas Drew Nays � �� General Goverrunent Accounts Rettman In Favor Scheibel ! (a Sonnen __ Ag81[lst BY Tedesco W ilson Adopted by Council: Date � 3 � ��6 Form Approved City Att y Certified P s Counril S BY � � sy� Appro Vlavor. Date �N -- � 1987 Appr v Mayor for ubmi on o Co il Bv - - — � ,„�� pe'n ° � �y��4�Y`I�� � .,. � � ;�l� � � DE PARTMENT � � "�7� �0 2 919 Greg Blees , CONTACT _ PHONE 11/10/86 ' DATE reen e ASSIGN NUMBER FOR RO TING 0 DER (C i All Locations for Si nature : Department Direc or � Director of Management Mayor Finance and Mana ement ervice , Director � City Clerk Budget Director City Attorney WHAT WILL BE ACHIEUE BY TA ING AC ION ON THE ATTACHED MATERIALS? (Purpose/ The attached resolu ion ch nges t e financing plan and spending Rationale) : plan of fund 721 Fe eral R venue haring Trust Fund. The changes reflect the mo t current estimate of the Cit 's GRS entitl ment, greater interest earnings and use of fun balance. Changes to the spen ing pl n refl �ct Spring budget reductions (�.F. 86-823) to t e General Fund's portion of t e Oper ting T 'ansfer Out(0537) and use of GRS to finance red ced Franchise Fee revenues. � COST/BENEFIT, BUDGET RY AND PERSON �L IMPACTS ANTICIPATED: _ RECEIVED ,,,,�. RECENEp N OV 2 p 198 ����� OFFICE OF THE DIR TOR �(�v G �3 ��� DEPARTMENT OF F ANCE L� AND MANAGEMENT S RVICES MAYOR'�0���� FINANCING SOURCE AND BUDGET ACTIVI Y NUMBER CHARGED OR CREDITED: (Mayor's signa- \ ture not re- �otal Amount of T ansact'on: ( 32,600.00) quired if under $10,00Q) Funding Source: Activity Number: 50097 evenu Sharing - 17th Entitlement R� �-r:��� ATTACHMENTS List an Numbe All A tachments : • �- 1. Resolution �OV � � 2. General Revenue Shari g TRUS 'FUND: 1986 Fund Balance Analysis ��R� 3. 10-31-86 memo f om T. Cran t 'G. BLees �6 �r� f � �.:-. ,".V i� � i,dp�i ai.� DEPARTMENT REVIEW CITY ATTORNEY REVIEW �Yes No Counci Resol tion quired? Resolution Required? Yes No Yes �_No Insura ce Re ired? Insurance Sufficient? Yes No Yes �No Insura ce At ched: ( E REVE SE SIDE FOR INSTRUCTIONS) Revised 12/84 � �. �-��rv � General Revenue S aring TRUST FUND: 1986 Fund Balance Analysis ' 1986 1986 Adopted Revised li Budget Budget -------- -------- 1986 FINANCING P AN: 17th Entitle ent: January Pkymen 1,012, 500 1, 048,553 April Paytnent 1,012, 500 1,048, 553 July Payment 1,012, 500 912,395 September Paym nt 1,012, 500 666,086 (Mr. Pender) ---------- ---------- Total GRS Rece 'ved i 1986 4,050,000 3, 675, 587 12-31-85 GRS TRUS FUND Balance 406, 483 423,138 1986 Interest Ear ings 517 16, 942 ---------- ---------- Available Financi g: 19 6 BUDGET 4, 457,000 4,115,667 1986 SPENDING PL�N US : ________________r_--_ _ Property Mai tena ce: S ecial Fund (100, 000) (100,000 1986 Capital Impr vemen s (1, 925,000) (1,925,000 1986 General Fund (2, 431, 400) (1, 513,400 CF: 86-823 Sub-Total 1986 Spendi g Plans (4,456,400) (3, 538,400) 1986 General Fund: NSP evenue Shortage (286,000 Total 1986 Spendi Pla s (3, 824,400 AVAILABLE FOR 1987 BU ET: 600 291,267 --------------------- ---- 1986 GRS AVAILABLE FO ADOP D 1987 GENERAL FUND BUDGET FI ANCI . 291,267 , OMBS-BJ I IBM701;GRS 11/7/86 i °' �, � �. ' � �-, ��d � :0: CITY OF SAINT PAUL I I TERDEPARTMENTAL MEMORANDUM T0: Greg �lees FROM: Tom C�ran DATE: October 31, 1986 RE: 1986 General Fund R venue Ad�justments You asked that I re iew th status of our major sources of General Fund 1 86 Revenues. The most curren informa tion available suggests tha t the follo ing adjustments be made to the 1986 General Fund revenue estimates: Increase G neral evenue Sharing Transfers: + $286,000 Dec�rease N renco/ aldorf Steam per�it Fees: - $250,000 Decrease N P Gros Earnings Franchise Fees: - $275 000 � Net� change 1986 stimated Revenues: - $239,000 The General �evenue Sharin Fund Traasfer was originally estimated to be $4,456,000 in the a opted 986 budget. This estima te was cut by $918,00 February 1986 based on pre iminary Gramm/Rudman cuts to the Federal budge . We are now esti�ating he tra sfer to total $4,098,725. The City Couacil ha already recognized 274,26 for financing the 1987 Budget, leaving $286,058 as an increase to the 986 Ge eral Fund Revenue Estima te. $4,456,400 origi 1 estimate of Entitlement �`17 and Fund Balance - 918,000 budge cut based on preliminary Gramm/Rudman $3,538,400 curre tly budgeted 1986 revenues $4,498,725 curre t projection of Entitlement 4k17 and Fnnd Balanc $560,325 incre se over current budgeted - �74,267 $286,058 avail ble for 1986 General Fund financing The Norenco/Champio steam agreement was yielding $500,000 a year to the C ty for the steam line and us . Waldorf quit purchasing steam from Norenco i Ju ly 1986 anc� swi tc ed to i 1. Nego tia tions be tween the two companies hav broken down, 'and re umptio of steam sales is unlikely in the near future. While the City beli ves it is protected by contract and tha t Norenco may b liable for $�0,000 er mon h for the last six months of 1986, the prudent approach would expe t Nore co to contest our claim, and not pay the $120,0 0. � i i . , �- � � _ ,,, Greg Blees Page Two ' October 31, �986 I , The NSP Grosis Earni gs Fra chise Fee continues to be significantly under he 1986 estimat�. We egan 1 86 with an estimate of $16,015,000 but reduced that estimate by $1,030, 00 in arly 1986. We are currently under our estimat of $14,985,000 by $269,167 th ough August. Payments for July and August wer slightly ahead of rojecti ns, but the a ttached notice of October 6 f rom SP indica tes tha t a d line i the price of Na tura 1 Gas through the Purchase Gas Adjustment will re lt in decline in the G.E.F.F. for the balance of 19 6. I have prepared the ttached estimate of the NSP reveaues for September thr ugh December of 1986 based on educed Purchased Gas Adjustments. It is possible to crease the 1986 Parking Meter revenues by about $75,0 0 if the City would imp ement e new parking meter ra tes on November l, 1986. November and Decem er of 1 85 yielded about $150,000 in receipts. If the City increased the hour y fee f om $.50 to $.75 the City should see a 50% incr ase of $75,000 f;or the General Fund for the last two months of 1986. Prompt ction will be needled for this i m as the Meter Repair unit will need some lead time in this ma tter. The increase to pa king m ter fees will require City council action. The complete fi ncing pictur for 1986 is "buried" by the FM80 system at thi point, so I ��nust d g for e financing status piecemeal. Please Let me k ow if you need further i format on. 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' � � @ �o � 's 's 's s s 's 's 's g 's � 's • -� ��^ 4� �I � l; O �7 � O � N O W W � l�Tl N � p � 11� l�Jl � � (O,�� NQ1 LNTl (p,�1 � � —.7 N � ��i 11 W CD � •�l N W lJl l37 U'f O� V7 l0 � ii � � 1�J1 N � N � •� �7 °'` W �O �D � � CO N lJ1 11 � lJl <� OD It —+ � li � W 71 U1 T �J� 11 ._�'i jj � r. _a � C? ii� � �, ii" N �n vi !v v+ o w � � �i t� i! � Q � �I �) iD � 'c�� II � » � � " � � L� `� o, � } w �; 7 � II � � O 11 � � .�� � � � � OJ � t�0 N � � {A � 11 � O � �'�T7 � t.rTl �O —�+ � > � � > •Wa w `�i 't`no � w •`� m ���' � � � � -+ � � � W N O� � � � cb N m � � W ,� S7! � t7 � � '' �I Vl �, l71 i Vl C7� .� � .� ' . . � � ,�K � � .. . . � ���� ��' �� IT QF S�.INT PAUL '����;'�'�.'�� ' I o�z OF TH� CTTY GOUNCIL � �� . , � �:i�an.�e l� a e e�t � Personnel Com,mittee. � ECEMBER 23, 1986 � 1. Approval of m�nutes from m eting held December 18, 1986. approved 2. Resol�►t�n, .a�a�ding,the .19 b�dget aud reducing the Financing Plan for Fe�1�$evenue Sha ing Tr t Fund by $341,333 and reducing the 19$6 Spend g l�lan bq �632,j60Q, a ro ed 3. Letter of Sta'te Dep tment f Revenue transmitting application No. 328082 of Robert� H. Levine for re ction of certain real estate in the city of Saint Paul. disc ssed 4. Resolution amending the 198 budget and adding $2,512,792 to the Financing Plan and to the Spending lan fo General Fund - Special Projects (1985 eneumbe ed . items) . a rove ' . � . - 5. Resolution amending he 198 budget and transferring $11,000 from Continge t R�serve to the Depa ment o _Finance'and Management Sery.ices - Adminis_trat on - _�.-. _ - __ - � Division for �ravel nd mov'ng expense relating .to the appointment of the Finance Depar ment D'rector approved ' 6. Resolution approving change in accounting year-end encumbrance policy. pproved 7. Resolution am�nding he 198 budget by adding $I00,000 to the Division of Public Health Summar Abate ent Activities. approved 8. Re�olution am nding he 198 Financing Plan for the 1986 General Fund Budg t by adding $52�,000. a oved � 9. Resolution amending he 198 budget by transferring funds in the amount of $297,175 for �he acq isitio of new voting equipment. approved 10. Resolution am nding he 198 budget by adding $64,813 to al�ow for payment of some materials neede for t e implementation of the automation system for he library and f r paym nts du vendor and contractors. approved 11. Resolution am�ndin he . g 198 Special Funds budget to provide for acceptanc of funds to operate compr hensive employment and training program for un employed vete ans in Saint aul area - in the amount of $42,300. approv d 12. Resolution am nding he 198 budget by adding $111,154 to provide spending- authority for approv d oper tion and maintenance activities in, the regiona - parks and �pe� space system approved C�Y HALL I, S FLOOR SAINT PAUL,b1INNES TA SSIOZ _ "?°�'a°