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1 of 4 RESOLUTION 06-18427 A RESOLUTION TO MAKE FISCAL YEAR 2006 ADJUSTMENTS APPROPRIATIONS PURSUANT TO M.C.A. 7- 6-4006 AS AMENDED, AND PROVIDING TRANSFERS AND REVISIONS WITHIN THE GENERAL CLASS OF SALARIES AND WAGES, MAINTENANCE AND SUPPORT AND CAPITAL OUTLAY. WHEREAS, M.C.A. 7-6-4006 provides that the City Council, upon proper resolution, adopted by said Council at a regular meeting and entered into its Minutes, may transfer or revise appropriations within the general class of salaries and wages, maintenance and support, and capital outlay, and WHEREAS, based upon a Quarterly Budget Review (FY 2005/2006), it is necessary to alter and change said appropriations. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BILLINGS, MONTANA: That the attached transfers or revisions are hereby adopted. (SEE EXHIBIT) PASSED AND APPROVED by the City Council, this 12th day of June, 2006. THE CITY OF BILLINGS: BY: Ron Tussing, MAYOR ATTEST: BY: Marita Herold, CMC/AAE CITY CLERK ---PAGE BREAK--- 2 of 4 EXHIBIT A BUDGET ADJUSTMENTS Revenue Expenditure 758-5174-371 6310 $2,500 Interest earned on investments 758-5174-452 8216 $2,500 Transfer-out to General Fund 010-5111-383 7564 $2,500 Transfer-in from Amend Park Fund The Amend Park Fund’s interest earnings exceeded estimated amounts. Since interest earned is transferred to the general fund (where costs to maintain Amend Park are recorded), budgeted amounts are not sufficient to transfer all interest earned. 701-5170-371 6310 $6,500 Interest earned on investments 701-5170-436 8216 $6,500 Transfer-out to General Fund 010-5140-383 7565 $6,500 Transfer-in from Cemetery Trust Fund 703-5172-371 6310 $1,000 Interest earned on investments 703-5172-436 8216 $1,000 Transfer-out to General Fund 010-5140-383 7514 $1,000 Transfer-in from Cemetery Trust Fund The Cemetery Trust Fund’s interest earnings exceeded estimated amounts. Since interest earned is transferred to the general fund (where costs to maintain the cemeteries are recorded), budgeted amounts are not sufficient to transfer all interest earned. 630-1753-485 5130 $ 133,500 Liability insurance premium 630-1753-381 6950 $ 133,500 Loan funds borrowed from the general fund 010-1750-417 5930 $ 133,500 Loan made to the property / liability insurance fund from the general fund The Property / liability Insurance Fund’s expenditure budget will be increased to give budget authority for the excess compensation for damages costs due to the Cloverleaf Subdivision litigation. The amendment will also establish the budget line items where the loan from the general fund and the subsequent receipt of the loan funds in the property / liability insurance fund. ---PAGE BREAK--- 3 of 4 601-1551-481 8225 $ 5,806,376 Transfer BOC assets to fund [PHONE REDACTED]-383 7518 $ 5,806,376 Transfer BOC assets from fund 601 The Facilities Management Fund (650) assumed responsibility for the BOC facilities in fiscal year 2006. This adjustment reclassifies the land, building, non-building assets and the related debt to Koch Financial from Motor Pool Fund (601) to Facilities Management Fund (650). All equipment remains in the motor pool fund. Note – this transfer does not involve cash or any other current asset. 493-3110-431 9310 $1,630,862 Increase FY ’06 budget Authority The General Obligation Bonds Street Improvements fund needs additional budget authority of $1,630,862 in FY 2006 to complete the three areas of construction at Alkali Creek Road, S. Billings Boulevard, and the Arlene Corridor. The GO bonds were sold for $5,200,000 in FY 2005. 769-5182-452 9370 $9,761 Nonbuilding Improvements The Park Acquisition & Development Fund is providing additional funding of $9,761 for the Castle Rock Park Splash pad. 010-1545-418 3520 $150,0000 Legal Counsel The General Fund/Public Defender needs additional budget authority for outside legal counsel. 010-1611-416 3520 $5,000 Legal Counsel 010-1611-416 3560 $8,000 Consultant Services The General Fund/City Attorney needs additional budget authority for outside legal counsel and consultants. 010-1214-412 3520 $30,000 Legal Services 010-1220-412 2925 $7,500 Computer Equipment 010-1220-412 3110 $8,000 Postage 010-1220-412 3575 $10,000 Mental Health The General Fund/Municipal Court needs additional budget authority for legal services, computer equipment, postage and mental health. ---PAGE BREAK--- 4 of 4 150-2229-422 1130 $433,500 Fire Salaries 150-2221-422 3440 $17,408 Natural Gas 150-2224-422 3510 $8,650 Medical Exams 150-2224-422 3810 $8,000 Tuition Assistance 150-2226-422 2310 $19,500 Fuel 150-2226-422 2320 $25,000 Motor Vehicle Parts The Public Safety Fund needs budget authority for the Fire Department for additional expenditures for fire salaries, natural gas, medical exams, tuition assistance, fuel and motor vehicle parts. The increase in fire salaries is due to contract changes and an arbitration settlement. 010-1412-414 8253 $211,700 Transfer to Public Safety The General Fund/Nondepartmental needs additional budget authority for the transfer to the Public Safety Fund to cover the additional expenditures for the Fire Department.