01-1299... •�^ �°! 2 i;4 I 1�, i
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Presented By:
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Council File # � \ � ��.91
GreenSheet# �\!3�(C,�
Referred To: Committee: Date
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WHEREAS, interest on investments in excess of the budgeted amount for projects was earned in the Capital
improvement Bond fund; and
WHEREAS, the debt service payments for the Capital Improvement Bonds are paid from the citys General
Debt Service Fund; and
WHEREAS, these interest earnings are needed to pay the debt on the capital improvement bonds; and
WHEREAS, the Mayor, pursuant to sec. 7 0.07.1 of the city charter, recommends the following changes to the
2007 budget:
PINANCING PLAN:
Department of Financial Services
GL 960-89955-7306 Transfer from CapiTal Project
GL 960-89955-9830 Use of Fund Balance
AII Other Fund Financing
FINANCING PLAN:
Department of Financial Services
P7 925-00000-9830 Use of Fund Balance
(Prior year invesYment earnings)
SPENDING PLAN:
Department of Financial Services
P7 925-90094-0560 Transfer to Debt Service
P7 925-90099-0560 Transfer to Debt Service
P7 925-90100-0560 Transfer to Debt Service
Current
Budget Chan9e
525,000 715,000
18,648,630 (77 5,000)
23,188,693 -
42,362,323 -
- i,zao,000
Amended
Budget
7 ,240,000
7 7,933,630
23,188, 693
42,362,323
I ,240,000
- 1,240,000 1,240,000
— 5��,���
- 300,000
- 440,000
- 7,240,000
BE IT RESOLVED, that the City Council approves these changes to The budget.
Adoption Certified by Council Secretary:
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Requested by Department of:
$��,Q��
300,000
440,000
� �240�00�
irm cial5ervices
By: LY��_
Form Appro by City Attorney:
sy: � ��aM l "Z ' 6 - � l
Approved by Mayor f r Submission to Council:
By.
dbt07 res.xls.wk4
' 1
Adopted by Council: Date �+c.. \R 1�_
�t-l�g°l �
Office of Financial Services
�MACT PERSON 8 PHONE
Todd Hurley 266-8537
ISTBE ON COUNqLAGENDA BY (DATE)
la/+a /zoo i
TOTAL # OF SIGNATURE PAGES
TION REQUESTED
�prove changes to the 2001 budget.
wn � �uN Approve (A) or KeJea
PLANNING COMMISSION
CIB COMMITTEE
CIVIL SERVICE COMMISSION
on� iNma�o
,�,5,zoo, GREEN SHEET No 113482
InitiaVDate IniBaVDate
u OEPARTMENT�IRECTOR u CITYCOUNqL _
ASSIGN ❑ CRVARORNEY � � � ��' � � ❑ CmcLERK
NUMBERFOR
ROUTNG
ORDER
FlNANGIALSERVICESDIR FlNANCIALSERV/ACCTG
❑ MAVOR(ORASSISTANn �/ / \\/ ❑
1% '
� (CLIP ALL LOCATIONS FOR SIGNATURE)
PERSONAL SERVICE CONTRACTS MUST ANSW ER THE FOLLOWING QUESTIONS:
1. Has this person�rtn ever worked untler a contract for this depatlmeM'�
YES NO
2. Has ihis person/frm ever been a crty employee?
YES NO
3. Does ihis person�rtn possess a skill not nortnallypossessetl by any curtent cHy empioyee�
YES NO
4. Is this permnffrtn a Yargeted vendoR
YES NO
INITIATING PROBLEM ISSUE, OPPORTUNIiY (Who, What, When, Where, Vvhy)
Interest earnings are needed to pay the debt on the capital improvement bonds.
S IF APPROVED
budgeting auihority to pay debt service.
IF APPROVED
None
ISADVANTAGESIFNOTAPPROVED
Insufficient budget to pay debt service.
g° Ci�i$t
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OFTRANSACTION$
souRCe 925-00000-9830
JNFORMATION (EXPLAIN)
COST/REVENUE BUDGETED (CIRCLE ONE)
ACTIVITY NUMBER
VES NO
V