02-1176council File # OZ.—���(�
Resolution #
Green Sheet # �.�3R��
RESOLUTION
CITY OF SAINT PAUL, MINNESOTA
Presented By
Referred To
Committee: Date
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1 WI�REA5, the accounting and financial reporting for the HRA's pazking facilities are currently reported in
2 the City's Parking and Transit Fund (F130), the HRA Debt Service Fund (F139), the I�2A General Fixed
3 Asset Account Group, and the HRA General I,ong-Term Debt Account Group; and
4
5 WHEREAS, the Govemmental Accounting Standazds Board (GASB) sets the accounting and financial
6 reporting standards for all state and local governments; and
8 WHEREAS, GASB has issued its Statement No. 34 which established a new framework for state and local
9 government financial reporting; and
10
11 WHEREAS, Statement No. 34 is effective for 2002 financial reporCing; and
12
13 WHEREAS, under Statement No. 34, an activity is required to be reported as an enterprise fund if the activity
14 is financed with debt that is secured solely by a pledge of net revenues from fees and charges of the activity.
15 All Capital assets, long-term debt issued to construct these assets and the operations which produce revenues
16 to retire the debt are to be consolidated and reported as an enterprise fund; and
1'7
18 WHEREAS, the activity of the �3RA parking facilities meets this definition and requirement; and
19
20 WHEREAS, the consolidarion of the capital assets, long-term debt, and operations of the HRA parking
21 facilities into one fund will provide improved financial reporting; and
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
W HEREAS, there is no net change to the total 2002 budget of the entire pazking facilities operations as a
result of this amendment. Total financing and total spending will be the same after approval of this
amendment; and
WI�EREAS, the Mayor, pursuant to 5ection 10.07.4 of the charter of the City of Saint Paul, recommends the
transfer of appropriation and changes to the 2002 budget; and be it
RESOLVBD, the Council of the City of Saint Paul hereby approves the reclassification of the HRA parldng
facilities acfivities from the Parking and Transit Fund (F130) to the HRA Parking Facilities Fund (F119) an
enterprise fund; and be it
FURTHER RESOLVED, that the changes to the 2002 budget per attachment A are approved; and the
appropriate city officials are authorized and directed to execute any documents necessary to effectuate the
tenns of this resolution.
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12equested by Department of:
Adopted by Council: Date �� �. \� oCJ�—
Adoption Certi£ied by Council Secretary
By:
Approved by
By:
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Form Approv
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ATTACHMENT A
FINANCING CURRENT CHANGE PROPOSED
BUDGET BUDGET
130-36100-5239 70,000 (70,000) 0
130-36100-9831 685,358 (685,358) 0
General Parking � Transit
1'19-26170-5239 0 70,000 70,000
General Parking
130-36101-5239 65,153 (65,153) 0
130-36101-9830 (10,153) 10,153 0
Farmers Market
119-261015239 0 65,153 65,153
Farmers Market
130-36102-5239 1,013,040 (1,013,040) 0
13036102-6801 900 (900) 0
130-36102-9830 (303,610) 303,610 0
Block 7A Ramp
119-26102-5239 0 1,013,940 1,013,940
7A Ramp
130367085239 50,000 (50,000) 0
13036108-6602 8,000 (8,000) 0
13036108-6801 53,700 (53,700) 0
13036108�830 (59,200) 59,200 0
Block 23 Ramp
119-26103-5239 0 50,000 50,000
119-36103-6602 0 8,000 8,000
119-26103-6801 0 53,700 53,700
WTC Ramp (Block 23)
130-36109-5239 1,335,000 (1,335,000) 0
730-361099830 (205,457) 205,457 0
Robert Street Ramp
119-26704-5239 0 1,335,000 1,335,000
Robert Street Ramp
13036111-5239 1,048,OQ0 (1,048,Q00) 0
130-36111-9831 50,948 (50,948) 0
Kellogg Street Ramp
119-26105-5239 0 1,048,000 1,048,000
Kellogg Ramp
130361135239 30,000 (30,000) 0
130-36713-9831 11,500 (11,500) 0
Spruce Tree Center Muni Ramp
179-26106-5239 0 30,000 30,000
Spruce Tree Ramp
13036119-5239 1,160,000 (1,160,000) 0
130-36719-9830 (474,161) 474,161 0
Block L Ramp
119-26108-5239 0 1,160,000 1,160,000
Lowertown Ramp (Block L)
139-86330-7305 1,057,885 (1,057,885) 0
Parking Revenue Bonds, Series 1995
139-86330-6602 45,000 (45,000) 0
Parking Revenue Bonds, Series 1995
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ATTACHMENT A
FINANCING CURRENT CHANGE PROPOSED
BUDGET BUDGET
139-86331-9830 347,40'I (347,401) 0
Parking Revenue Bonds, Series 2001
139-86331-7305 209,039 (209,039) 0
Parking Revenue Bonds, Series 2001
139-86331-6602 20,000 (20,000) 0
Parking Revenue Bonds, Series 2001
139-86332-7305 129,200 (129,200) 0
RiverCentre Ramp Notes
139-86336-5239 1,075,925 (1,075,925) 0
Parking Revenue Bonds, Series 1997
139-86338-1030 197,150 (197,150) 0
Block 39 Tax Increment Bonds
139-86338-5239 777,500 (777,500) 0
Block 39 Tax Increment Bonds
139-86338-6602 30,OOQ (30,OQQ) 0
Block 39 Tax Increment Bonds
139-86339-9830 242,792 (242,792) 0
Block 39 Tax Incremertt Bonds
139-86339-1030 933,468 (933,468) 0
Block 39 Tax �ncrement Bonds
139-86339-5239 777,50Q (777,500) 0
Block 39 Tax Increment Bonds
139-86339-6602 30,000 (30,000) 0
Block 39 Tax Increment Bonds
139-86341-5239 25,000 (25,000) 0
Block 39 Ramp Notes
139-86349-fi201 987,711 (987,711) 0
Parking Revenue Bonds, Series 2002
139-86349-9831 (825,390) 825,390 0
Parking Revenue Bonds, Series 2002
139-86350-6201 358,009 (358,009) 0
Parking Revenue Bonds, Series 2002
139-86350-9831 (309,750) 3Q9,750 �
Parking Revenue Bonds, Series 2002
119-26113-6602 0 45,000 45,000
119-26113-7499 0 1,054,277 1,054,277
119-26113•9925 0 3,608 3,608
HRA Parking Revenue Bonds, Series 1995
119-26114-6602 0 20,000 20,��0
119-26114-7499 0 754,248 754,248
119-26114-9926 0 (197,808) (197,808)
HRA Parking Revenue Bonds, Series 2001
119-26103-5239 0 1,075,925 1,075,925
WTC Ramp
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ATTACHMENT A
FINANCING CURRENT CHANGE PROPOSED
BUDGET BUDGET
119-26112-1030 0 1,130,618 1,130,618
119-26712-5239 0 1,580,000 1,580,000
119-26112-6602 0 60,000 60,000
Lawson Ramp
119-26111-6201 0 1,345,720 1,345,720
Block 19
119-261'10-9925 0 665,038 665,038
General Parking
119-26'101-9925 0 113,847 1'13,847
Earmers Market
119-26102-9926 0 (288,840) (288,840)
7a Ramp
119-36103-9926 0 (59,200) (59,200)
WTC Ramp
119-26104-9926 0 (360,457) (360,457)
Robert St Ramp
119-26105-9925 0 180,148 180,148
Kellogg Ramp
119-26106-9925 0 11,500 11,500
Spruce Tree Ramp
119-26107-9925 0 36,550 36,550
Keilogg & Broadway Lot
119-26108-9926 0 (474,161) (474;161)
Lowertown Ramp
119-26111-9926 0 (1,135,140) (1,135,140)
Slock 19
779-26112-9925 0 242,792 242,792
Lawson Ramp
TOTALS 10,637,455 0 10,637,458
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ATTACHMENT A
SPEMDING BUDGET CURRENT CHANGE PROPOSED
BUDGET BUDGET
130-36100-0217 25,000 (25,000) 0
130-36100-0219 25,000 (25,000J 0
130-36'100-0279 35,000 (35,000) 0
130-36100-0290 5,258 (5,258) 0
130-36100-0299 10,000 (10,000) 0
13036100-0558 550,060 (550,000) 0
13U36100-0739 45,000 (45,000) 0
130-36100-0749 60,100 (60,100) 0
General Parking & Transit
119-26110-0217 0 10,000 10,000
119-26110-0219 0 100,000 100,000
719-26110-0279 0 35,000 35,000
119-26110-0290 0 5,258 5,258
119-26110-9299 0 555,000 555,000
119-26110-0550 0 1,780 1,780
119-26110-0899 0 28,000 28,000
General Parking
130-36101-0279 5,060 (5,000) 0
130-36101-0899 50,000 (50,000) 0
Farmers Market
119-26101-0279 0 5,000 5,000
119-26101-0505 0 174,000 174,000
Farmers Market
13036102-0217 15,000 (15,000) 0
130-36102-0371 80,000 (8Q,000) 0
130-36102-0505 386,740 (386,740) 0
13036102-0550 9,000 (9,000) 0
130-36102-0899 219,590 (219,590) 0
Block 7A Ramp
119-26102-0217 0 16,000 16,000
130-26102-0279 0 55,000 55,000
119-26102-0371 0 70,000 70,000
119-26102-0505 0 300,000 300,000
119-26102-0550 0 9,000 9,000
119-26102-0737 0 19,000 19,000
179-26102-0848 0 31,100 31,100
119-26102-0899 0 225,000 225,000
7A Ramp
130-36108-0217 2,500 (2,500) 0
130-36108-0899 50,000 (50,000) 0
Block 23 Ramp
119-26103-0217 0 2,500 2,500
119-26103-0899 0 50,000 50,000
WTC Ramp (Block 23)
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ATTACHMENT A
SPENDINCaBUDGET CURRENT CHANGE PROPOSED
BUDGET BUDGET
130-36109-02'17 15,000 (15,000) 0
13036109-0279 70,000 (70,000) 0
130-36109-0505 380,000 (380,000) 0
13036109-0550 10,000 (10,000) 0
130-36109-0560 527,138 (527,138) 0
13036109-0899 '127,405 (127,405) 0
Robert Street Ramp
119-26104-0217 0 15,000 15,000
119-26104-0279 0 35,000 35,000
119-26104-0505 0 260,000 260,000
119-26104-0550 0 10,000 10,000
119-26104-0799 0 527,138 527,138
119-26104-0899 � 127,405 127,4�5
Robert Street Ramp
130-36111-0217 15,000 (15,000) 0
130-36111-0505 290,000 (290,000) 0
130-36111-0560 754,248 (754,248) 0
13036111-0899 39,700 (39,700) 0
Kellogg Street Ramp
119-26105-0279 0 25,000 25,000
119-26105-0505 0 300,000 300,000
119-26105-0799 0 754,2A8 754,248
119-26105-0899 0 19,700 19,700
Kellogg Ramp
13036113-0217 15,000 (15,000) 0
130-36113-0550 1,500 (1,500) 0
130-36113-0899 25,000 (25,000) 0
Spruce Tree Center Muni Ramp
119-26106-0279 0 15,000 15,000
119-26106-0550 0 1,500 1,500
119-26106-0899 0 25,000 25,000
Spruce Tree Ramp
119-26107-0505 0 35,739 35,739
719-26107-0549 0 811 811
Kellogg & Broadway Lot
13036119-0279 60,000 (60,000) 0
13036119-0299 60,000 (60,000) 0
13036119-0560 527,139 (527,139) 0
13036119-0899 38,700 (38,700) 0
Block L Ramp
119-26108-0279 0 70,000 70,000
119•26108-0299 0 39,900 39,900
119-26108-0550 0 10,100 10,100
119-26108-0799 0 527,139 527,139
119-26708-0899 0 38,700 38,700
Lowertown Ramp (Block L)
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ATTACHMENT A
SPENDING BUDGET CURRENT CHANGE PROPOSED
DEBT SERVICE BUDGET BUDGET
119-26113-0611 0 517,885.00 517,885
119-26713-0621 0 585,000.00 585,000
119-26114-0611 0 286,440.00 286,440
119-26114-0621 0 290,000.00 290,000
119-26103-0611 0 695,925.00 695,925
119-26103-0627 0 380,000.00 380,000
119-26112-0611 0 2,133,410.00 2,133,410
119-26112-0621 0 855,000.00 855,000
119-26105-0619 0 79,200.00 79,200
179-26105-0629 0 50,000.00 50,000
119-26112-0619 6 25,000.00 25,000
119-26111-0617 0 210,580.00 210,580.00
139-86330-0611 517,885.00 (517,885.00) 0
139-86330-0621 585,000.00 (585,000.00) 0
139-8633'f-0611 286,440.00 (286,440.00) 0
139-86331-0621 290,000.00 (290,000.00) 0
139-86332-0619 79,200.00 (79,200.00) 0
139-86332-0629 50,000.00 (50,000.00) 0
139-86336-0611 695,925.00 (695,925.00) 0
139-86336-0627 380,000.00 (380,000.00) 0
139-86338-0611 1,004,650.00 (1,004,650.00) 0
139-86339-0611 1,128,760.00 (1,128,760.00) 0
139-86339-U621 855,0�0.00 (855,�00.00) 0
139-86341-0619 25,000.00 (25,000.00) 0
139-86349-0611 162,321.00 (162,321.00) 0
139-86350-0611 48,259.00 (48,259.00) 0
Net Change 10,637,458.00 0.00 10,637,458.00
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Dece�ber 11> 2002
TOTAi S OF SIGNATURE PAGES
GREEN SHEET
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City Coimcil Resolution amending the 2002 budget for the Parking and Transit Fund.
PLANNING COMMISSION
CIB COMMITfEE
CIVIL SERVICE COMMIS$ION
Has this persoMrm ever xrorked under a conUact for Nis departmeM7
YES NO
Has this P��m e�er been a cilY emWNoyYee?
YES NO
Does this persoMfi�m possess a sldll not normallYP� M any curtent city em0loyee?
YES NO
Is this pe�soNfirm a farpeted ventloYt .
YES NO
attach to areen sheet
City Council Besolution amending the 2002 budget for the Parki.ng and Transit Fund and
reclassify;�u the par&ing`activities to an enterprise fund. This action was diseussed
in the 2�03 budget,process.
77zis action will provide the aecoimting structure for improved financial reporting for the
IDIII11C1PH]. P3LICLIIg f8C111Y1CS and satisfy the requirements of Governmental Accounting
Standards Board Sta€ement 34_
IFAPPROVED
SOURCE
S �
No net change to total budget.
COST/REVENUE BUDQETm (GRCLE ON�
AC7NITYNUMBER SeC attached
YES NO
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