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Home My WebLink About01-01 RESOLUTION• RESOLUTION NO. 1-01 • A RESOLUTION APPROVING A BUDGET ADJUSTMENT ALLOWING FOR THE ROLLFORWARD OF ALL PROJECTS OR ITEMS IN PROGRESS WHICH WERE APPROPRIATED IN THE 2000 BUDGET TO BECOME A PART OF THE 2001 BUDGET. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council hereby approves a budget adjustment allowing for the rollforward of all projects or items in progress which were appropriated in the 2000 budget to become a part of the 2001 budget. A copy of the budget adjustment is attached hereto marked Exhibit "A" and made a part hereof. PArD APPROVED this 2nd day of January , 2001. • APPROVED: lL By: p. s., r% • _ , - Charles D. Coody, Mayor ATTEST: By:oil WaCti C Heather Woodruff, City1 r� k 4 City of Fayetteville, Arkansas Budget Adjustment Form Budget Year 2001 Department: Division: Program: Various Various Various Date Requested January 2, 2001 Adjustment # XHIBIT A Project or Item Requested: 2000 Roll Forwarded funding into 2001 from various accounts and capital projects that had remaining funding at the end of 2000. Project or Item Deleted: None. Various Use of Fund Balance Accounts. Justification of this Increase: The funding is requested to continue current account expenses and capital projects. Justification of this Decrease: Sufficient fund balance remains to comply with City Policy and objectives. Increase Expen e (Decrease Revenue) Account Name Amount Account Number Project Number See Attached Decrease Expense (Increase Revenue) Account Name Amount Account Number Project Number See Attached Approval Signatures Requested By anager Department Director Date Date Date Admin. Services Director Date . Maygf /94/7 Stake 411 Blue Copydget & Research / Yellow Copy: Requester e Budget Office Use Only Type: A B C D E Date of Approval Posted to General Ledg m 2 Posted to Project Accounting Entered in Category Log CIOATAIFORMSIBA-A[LIBADJFJJJ.WKJ NAME OF FILE• Resolution No. 1-01 CROSS REFERENCE: 01/02/01 Resolution No. 1-01 01/02/01 Exhibit "A" (Budget Adjustment) 01/02/01 Memo to the Fayetteville City Council thru Dan Coody, Mayor and John Maguire from Budget & Research Regarding 2000 Budget Rollforwards. 01/02/01 Staff Review Form NOTES: Date Contents of File Initials -� Lin d, f'i /Yin/ / 3//C4/ / v 67 FAYETTEVAJLE • THE CITY OF FAYETTEVILLE, ARKANSAS TO: The Fayetteville City Council THRU: Dan Coody, Mayor John Maguire, Administrative Services Director FROM: Budget & Research DATE: January 2, 2001 SUBJECT: 2000 Budget Rollforwards Please find attached a schedule of operating and capital amounts by fund which were included in the 2000 Budget but did not incur a financial obligation during the 2000 fiscal year. The 2000 estimated unreserved fund balance/retained earnings for the respective funds reflects the cost of the requested rollforwards. Therefore, approval for these items to be made part of the 2001 appropriations, will not impact the City's budgeted financial position. The rollforwarding of prior year's appropriated projects and items is a normal operating procedure. Approval of this request will allow the 2001 Budget to be increased to reflect the attached information. Several of the requested rollforwards include a revenue offset in the form of grant revenues. Total requested rollforwards for all funds are $23,752,989. A summary of all rollforwards requiring City Council action is described in the table below. City Council Approval Requested Funding Source Amount General $ 1,883,296 Street 532,076 City Advertising & Promotion 344,913 Off Street Parking 267,829 Community Development 1,009,772 Parks Development 1,381,029 Drug Law Enforcement 21,171 Sales Tax Construction 12,440,091 Water & Sewer 3,109,432 Solid Waste 401,593 Airport 285,333 Town Center Construction 114,200 Shop 1,962,254 Total All Funds $ 23,752,989 113 WEST MOUNTAIN 72701 501-521-7700 FAX 501-575-8257 • • • In addition to the projects discussed above, $10,138,053 of projects and items were in progress at the end of the year. The unexpended budget on these financial obligations will also be rolled forward and become a part of the 2001 budget. These items do not require additional action by Council because these items have either a contractual agreement or have been authorized by purchase order. For your information, a summary by funding source is included in the table below. Informational Rollforwards Funding Source Amount General $ 416,176 Street 35,309 City Advertising & Promotion 162,816 Off Street Parking 545 Community Development 30,589 Parks Development 165,396 Drug Law Enforcement 1,947 Library Construction 1,545,000 Sales Tax Construction 1,837,644 Water & Sewer 1,719,790 Solid Waste 38,372 Airport 393,972 Town Center Construction 3,412,042 Shop 378,455 Total All Funds $ 10,138,053 1 Please note that the actual non -obligated ($23,752,989) and obligated ($10,138,053) amounts to be rollforwarded will be less that what is requested in this memo. The actual amounts will not be determined until all of the December 2000 expenses are processed. Once a final listing has been made, it will be submitted to the Mayor for approval before the appropriation is implemented. This submitted request is to prevent any time delays in City operations and projects that would occur if prior year funding was not re -appropriated. If you have any questions concerning the attachment or the procedure, please feel free to contact the Budget & Research Division. Thank you. $ 108,619,405 $ 107,642,044 $ $ 80Z' lOb' LZ Town Center Construction slue° Wd leiapad - Jamas '9 JateM slueJo leJapad - slueJs alels - (n_r CD 0 Ea cn•▪ .Z (o x 0 0 N O C CD 3 o j D O_ (A luawa3Jo;u3 Mel Grua luawdolanaa sNJed luawdolanaa Allunwwoa O0Q) co (n ` (D '2- n) fD N N. � O (Q 93 O 3 0 O slue° leaped - slump awls - N N_ _ N W A J (A N — CO N -co U1 N (T co A In A CO N A O (o 0 J A O) N O) O) -1 U1 01 N CD CD O (T A — A CO CO CO (A J CO W N O — CD W N O o CD V 0 A CO O N W A CO CO O A O O W CO O O O) V V J CO N N _ _ O) J N A V O N W O CT W m -• O In co W A A O N co co U1 U1 V U1 A W (D CD O) -1. 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Budget & Expense Activity as of 12/18/2000 2000 Requested Rollforwards STAFF REVIEW FORM • X AGENDA REQUEST CONTRACT REVIEW GRANT REVIEW For the Fayetteville City Council meeting of January 2, 2001 • FROM: Steve Davis Name Budget & Research Administrative Services Division Department ACTION REQUIRED: The City Council is requested to approve a budget adjustment which will allow for the rollforward of all projects or items in progress which were appropriated in the 2000 Budget. The items which are approved will become part of the 2001 Budget. COST TO CITY: $ See Attachment Cost of this Request See Attachment Account Number See Attachment Project Number See Attachment See Attachment Category/Project Budget Category/Project Name See Attachment See Attachment Funds Used To Date Program Name See Attachment See Attachment Remaining Balance Fund Sr4i QEdz rote BUDGET REVIEW: Budgeted Item X Budget Adjustment Attached Budget Manager Administrative Services Director CONTRACT/GRANT/LEASE REVIEW: GRANTING AGENCY: Acco� ing M aq 1 al air it Attor Purchasing Officer /1 pate Internal( uditor Date Arc— Date ADA Coordinator Date la ) ao too Date STAFF RECOMMENDATION: Staff recommends approval of the rollforward budget adjustment. (2 —1 ed -00 cAgitilicZ Division Head Date Date Cross Reference New Item: Yes No Prev Ord/Res #: Orig Contract Date: