HomeMy WebLinkAbout05. 19-617
DECEMBER 10, 2019 19-617 RESOLUTION
(CARRIED____7-0____LOST________LAID OVER________WITHDRAWN________)
PURPOSE: APPROVE AMENDMENT TO 2019 GENERAL FUND BUDGET
FOR EXPENDITURE RESTRAINT PROGRAM TO ADJUST BASE
BUDGET TO MAXIMUM AMOUNT OF 3.2% ($46,000.00)
INITIATED BY: FINANCE DEPARTMENT
WHEREAS, the Common Council has adopted the 2019 General Fund Budget,
which is on file in the Office of the City Clerk and available for public inspection; and
WHEREAS, it is necessary to amend the 2019 General Fund Budget to provide for
the percentage increase of expenditures subject to the Expenditure Restraint Program in
order to position the City in the most favorable position for the 2020 Expenditure
Restraint Program.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that the 2019 General Fund Budget, on file in the City Clerk's Office, is hereby
amended with adjustments as listed in the attached Expenditure Restraint Budget
Worksheet.
TO: Honorable Mayor and Members of the Common Council
FROM: Russ Van Gompel, Director of Finance
DATE: December 2, 2019
RE: Amendment to 2019 General Fund Operations Budget
BACKGROUND
When the City Council approved the 2019 Operations Budget in November of 2018, the
percentage increase of expenditures subject to the Expenditure Restraint Program (ERP) was at
3.12%. The 2019 allowable increase in expenditures to qualify for the ERP is 3.2%.
After making various budget amendments in 2019, the City has $46,970 to reach the maximum
amount of budgetary increase in 2019 (Please see the attached worksheet).
ANALYSIS
To position the City in the most favorable position for the 2020 Expenditure Restraint Program,
it is best to adjust the base year budget (2019) to the maximum amount. To adjust the base year
budget (2019), it is recommended that the Contingency Account, 0100-0914-6461, be increased
by $46,000. This is a one-sided entry and would place the General Fund in a position where the
Budget is not in balance or in theory using $46,000 from Fund Balance.
FISCAL IMPACT
There is no anticipated financial impact from the approval of the resolution since it will be a
budgetary entry only. It is anticipated that no additional expenditures will occur.
RECOMMENDATION
Staff recommends that Council approve this resolution.
Respectfully Submitted,
Russ Van Gompel
Finance Director
Approved:
Mark A. Rohloff
City Manager
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1 130 920.236.5005 http://www.ci.oshkosh.wi.us
City of Oshkosh
Expenditure Restraint Budget Worksheet
Revisions as Directed By DOR
2019 2019
Original Amended
Total General Fund Budget Expenditures $ 46,662,400 $ 46,658,060
Tax levy Special Revenue Funds:
Garbage Collect & Disposal
1,332,100
1,332,100
Street Lighting
1,052,000
1,052,000
Senior Services
321,100
321,100
GO Transit Utility
786,600
786,600
Library
2,700,300
2,700,300
Museum
979,600
979,600
Grand Opera House
2,000
2,000
Cemetary
304,600
304,600
Equipment Fund
1,000,000
1,000,000
Leach Amphitheater
14,000
14,000
Pollock Community Water Park
64,000
64,000
Debt Service - Levy
11,617,200
11,617,200
Agency Funds /Safety & Workers Compensation
-
-
Total Expenditures
66,835,900
66,831,560
Less: Long Term Debt Princ & Interest (Levy)
(11,617,200)
(11,617,200)
Less: General Fund Expenditures for contracted services
provided to another local government -
55,218,700 55,214,360
Increase (Decrease) 1,670,900 1,666,560
% change 3.1207% 3.1126%
Allowable Change 3.20% 3.20%
Maximum Increse
Difference
UPDATED 10.31.19
$ 55,261,330
$ 46,970
I:\Finance\_Admin\Budget\2020 BUDGET\2020 Budget Spreadsheets\Expenditure Restraint Budget
Worksheet - Oshkosh 10.7.17.xlsx