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Home My WebLink About74-04 RESOLUTIONRESOLUTION NO. 7 4- 0 4 A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT TRANSFERRING $24,649.87 INTO THE WALKER PARK SENIOR COMPLEX BUDGET FOR THE RECEIPT OF LATE PROPERTY TAX PAYMENTS BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS• Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves the attached budget adjustment in the amount of $24,649.87 from late or delinquent property tax collections from the special millage into the Walker Park Senior Complex budget. PASSED and APPROVED this the 18th day of May, 2004. `▪ G`..."R�. Rf S..'' o, • GT Y O,c . G,P . _EA%o� 7341 • FAYETTEVILLE• 5. °it:. : >. ATTEST: 17 'Iic RK • gNSP.J+$ By: SONDRA SMITH, City Clerk By: APPROVED: DA COODY, ayor City of Fayetteville, Arkansas Budget Adjustment Form Budget Year 2004 Department: Sales Tax Capital Improvements Division: Program: Date Requested 4/15/2004 Adjustment Number Project or Item Requested: $24,650 is requested in the Walker Park Senior Complex capital. project. Project or Item Deleted: None. $24,650 from the Delinquent Property Taxes capital project. Justification of this Increase: Justification of this Decrease: Increase Budget (Decrease Revenue) Account Name Account Number Amount Project Number Building costs 4470 9470 5804 00 24,650 96092 1 Decrease Budget (Increase Revenue) Account Name Account Number Amount Project Number, Delinquent property taxes 4470 0947 4100 01 24,650 Approval Signatures Requeste• By Date Budget Manager Department Director Findnce & Inte A Services Di -ctor Mayor Air Date Date Date i Q Date Budget Office Use Only Type: A Date of Approval Posted to General Ledger Posted to Project Accounting Entered in Category Log C E Initial Date Initial Date Initial Date Initial Date • NAME OF FILE: CROSS REFERENCE: Date Resolution No. 74-04 w/budget adjustment Document • 1 04/30/04 memo to mayor & city council 2 draft resolution 3 copy of Walker Park Sr. Ctr. Budget info 4 05/04/04 Staff Review Form 5 05/24/04 memo to Coy Hurd NOTES: FAYETTEVR,LE THE CITY OF FAYETTEVILLE, ARKANSAS DEPARTMENTAL CORRESPONDENCE • /ZES s7/ e/oy Oa l/Er arK7Se/n C%,w-p/¢X May 18, 2004 City Council Meeting TO: Mayor Dan Coody and the Fayetteville City Council THROUGH: FROM: Coy Hurd, Project Manager DATE. Apri130, 2004 SUBJECT: A resolution approving a budget adjustment in the amount of $24,650 Stephen Davis, Director of Financial and Internal Services Recommendation: Staff recommends adoption of a resolution approving a budget adjustment to the Walker Park Senior Complex budget in the amount of $24,650. Background: These funds were generated from the special millage as delinquent property tax was collected. Discussion: These funds must be spent on "brick and mortar" aspects of the Walker Park Senior Complex. • • RESOLUTION NO. A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT TRANSFERRING $24,649.87 INTO THE WALKER PARK SENIOR COMPLEX BUDGET FOR THE RECEIPT OF LATE PROPERTY TAX PAYMENTS BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves the attached budget adjustment in the amount of $24,649.87 from late or delinquent property tax collections from the special millage into the Walker Park Senior Complex budget. PASSED and APPROVED this the 18th day of May, 2004. ATTEST: By: SONDRA SMITH, City Clerk By: APPROVED: o% DAN COODY, Mayor • City of Fayetteville, Arkansas Walker Park Senior Complex LTD Budget Information Year 2004 Account Number 4470.9470.5804.00 2003 4470.9470.5210.00 4470.9470.5315.00 4470.9470.5400.00 2250.9255.5804.00 4470.9470.5804.00 2002 2250.9250.5804.00 4470.9470.5804.00 2001 4470.9470.5301.00 2180.4990.5722.00 2250.9250.5804.00 4470.9470.5804.00 1997 2180.4990.5390.22 Budget Breakdown Expense Breakdown Remaining Property Taxes Collected: 2004 2003 2002 2001 • Parks Community Sales Tax Development Development 80,664.00 635.62 236.69 2,705.55 290,327.32 11013,854.50 385.86 30,584.00 1,419,393.54 1,419,393.54 1,341,429.20 77,964.34 21,743.38 5,482.81 89,591.07 1,061,150.61 1,177,967.87 Budget Adjustments Recognizing Property Taxes: 2004 2003 2002 2001 37,218.00 116,100.00 1,000,000.00 1,153,318.00 Unrecognized Property Tax Revenues: 24,649.87 91,000.00 230,051.00 153,844.00 344,622.00 16,547.33 Total 80,664.00 635.62 236.69 2,705.55 91,000.00 290,327 32 230,051.00 1,013,854.50 385.86 344,622.00 153,844.00 30,584.00 16,547.33 474,895.00 361,169.33 2,255,457.87 474,895.00 361,169.33 2,255,457.87 474,895.00 361,169.33 2,177,493.53 77,964.34 21,743.38 5,482.81 89,591.07 1,061,150.61 1,177,967.87 37,218.00 116,100.00 1,000,000.00 1,153,318.00 24,649.87 H:\BUDGET\ Project Accounting\Project Files \96092 Walker Park Senior Complex\LTD Budget & Expense Activity 96092 Walker Park Senior Complex STAAREVIEW FORM - FINANCIAL OBLIGA'N XX AGENDA REQUEST CONTRACT REVIEW GRANT REVIEW For the Fayetteville City Council Meeting of: May18,2004 FROM: Coy Hurd Building Services Financial and Internal Services Name Division Department Action Required: The City Council is requested to approve a budget adjustment transferring the amount of $24,649.87 into the Walker Park Senior Complex Budget. These funds were generated from the special millage as delinquent property tax was collected. COST TO CITY: $24,649.87 Cost of this request 4470.9470.5804.00 Account Number 96092 Project Number 80,664.00 Other Capital Improvements Category/Project Budget Program Category / Project Name $ 47,720.00 Walker Park Senior Complex Funds Used to Date Program / Project Category Name 32,944.00 Sales Tax Capital Improvement Remaining Balance Fund Name BUDGET REVIEW: dget Manager k Budgeted Item xx Budget Adjustment Attached l�-36-d`( Date CONTRACT/GRANT/LEASE REVIEW: AccountingMana•=r City Attorney Date Internal Auditor Date Purchasing Manager Received in Mayor's Office Date Date Divis Department Director Financh N Internal Services Dir. Date Date S -3-a5 Date Chie inistr tive Officer Mayor Dat s/y/t “( Date Cross Reference: Previous Ord/Res#: Orig. Contract Date: Orig. Contract Number: New Item: Date Yes No FAYETTEtILLE THE CITY OF FAYETTEVILLE, ARKANSAS City Clerk Division DEPARTMENTAL CORRESPONDENCE • 113 West Mountain Fayetteville, AR 72701 Telephone: (479) 575-8323 To: Coy Hurd Building Services �4-44)From: Clarice Buffalohead-Pearman v City Clerk Division Date: May 24, 2004 Re: Resolution 74-04 The City Council passed a resolution, May 18, 2004, approving a budget adjustment for the Senior Center Complex receipting in late and delinquent taxes. Attached is a copy the resolution and budget adjustment. The resolution with attachments will be recorded in the city clerk's office and microfilmed. If anything else is needed please let the clerk's office know. /cbp attachments cc: Nancy Smith, Internal Auditor --