Staff:
Agenda:
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Dustin Ziebold - Finance Director
7/5/2022 |
AGENDA REPORT
Cape Girardeau City Council
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22-159
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SUBJECT
This ordinance appropriates funds for operating expenditures, capital expenditures, debt service expenditures and transfers for the fiscal year ending June 30, 2022.
EXECUTIVE SUMMARY
The attached appropriation ordinance is routinely submitted each year at this time and covers expenditures incurred in the fiscal year ending June 30, 2022 not originally included in that year’s adopted budget. Although Council approved a majority of the expenditures during the current or previous fiscal years, certain appropriations have not previously been made to the fiscal year ending June 30, 2022 budget.
BACKGROUND/DISCUSSION
Article 1 of the attached ordinance appropriates the following operating expenditures:
(1) $28,928.00 for contractual mowing services due to staff shortages and building improvements. - Airport
(2) $66,843 for Central Pool pump repair, transformer replacement at Arena, additional program costs due to increased number of participants, and replacement fund building repairs in various divisions. - Parks and Recreation
(3) $44,650.00 for contractual mowing services due to additional properties and cost increases not known at time of original budget preparation. - Health Fund
(4) $48,300.00 for costs related to housing development programs. - Housing Development Grant Fund.
(5) $450,000.00 for additional contracted disposal costs due to increased volumes at the transfer station. - Solid Waste Fund
(6) $14,549.00 for additional program expenses due to increased number of participants. - Sportsplex
(7) $195,882.00 for increased capacity of cloud storage, equipment, and additional software purchases. - IT Fund
(8) $50,000.00 for contractual services and supplies. - Fleet Management Fund
(9) $240,154.00 for additional claims costs. - Employee Benefit Fund
(10) $133,433.00 for additional claims costs. - Worker's Compensation Fund
Article 2 of the attached ordinance appropriates the following capital expenditures:
(1) $762,423 for unbudgeted grant funded costs of Taxiway Bravo and Terminal. - Airport Fund
(2) $18,000 for replacement of Terminal Compressor. - Airport Fund
(3) $6,516,000 for costs on New City Hall Project originally appropriated in prior years. - General Capital Improvement Fund
Article 3 of the attached ordinance appropriates $20,000 to cover interest costs paid to the general fund by the airport fund.
Article 4 of the attached ordinance authorizes additional transfers between funds:
(1) $151,600 for Public Safety Trust II transfer to General Fund for additional tax revenue.
(2) $1,750,000 for General Capital Improvement Fund to Capital Improvement Sales Tax - General Improvements to pay annual bond payments.
(3) $292,000 for Parks and Stormwater Sales Tax - Capital to Sewer Fund for additional Stormwater/Sewer project funding.
(4) $304,000 for Fire Sales Tax Fund to General Fund for additional tax revenue transfer.
(5) $189,000 for Parks and Stormwater Sales Tax -Operating to Various funds for transfer of additional tax revenue.
FINANCIAL IMPACT
The funding for all of these items will come from fund balance or additional revenues received throughout the fiscal year due to increases in revenue sources.
STAFF RECOMMENDATION
Staff recommends approval of this ordinance appropriating funds for operating expenditures, capital expenditures, debt service expenditures and transfers for the fiscal year ending June 30, 2022.
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