08.01 - Assign Fund Balance - Laserfiche WebLink

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PeqCity Of uot lakes— MEMORANDUM To: Pequot Lakes City Council From: Nancy Malecha, Finance Administrator/Deputy City Clerk Date: February 1, 2012 Subject: 2011 Budget Information The Police and Roads & Streets Departments are requesting assignment of fund balance to their respective capital outlay carryover funds for the intended use as listed in their memos. The following is 2011 budget information pertaining to these departments. Police Department • The 2011 Police Department expenditures budget is $524,670. • The 2011 Police Department actual expenditures to date are $536,234.92. (Please note that the LARJP expenditures are included in this amount and are not budgeted for. If these expenditures were removed, the 2011 actual expenditures to date for the PD would be $495,150.92.) • The 2011 General Fund revenues exceed expenditures by $238,650.54. • The Police Department's current capital outlay carryover balance as of 12 -31 -11 is $3,663.85 for radios. Roads & Streets Department • The 2011 Roads & Streets Department expenditures budget is $479,100. • The 2011 Roads & Streets Department actual expenditures to date are $256,373.02. • The 2011 General Fund revenues exceed expenditures by $238,650.54. • The Roads & Streets Department's current capital outlay carryover balance as of 12 -31- 11 is $55,190.62 for equipment. Please note that the above information is based on pre -audit numbers. If you have any questions, please contact me. Thank you.