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Home My WebLink About05. 16-186APRIL 26, 2016 16-186 RESOLUTION (CARRIED__7-0__ LOST________ LAID OVER________ WITHDRAWN_______) PURPOSE: APPROVE 2015 END OF YEAR FUND TRANSFERS INITIATED BY: DEPARTMENT OF FINANCE BE IT RESOLVED by the Common Council of the City of Oshkosh that the proper City Officials are hereby authorized and directed to transfer: See Attached Exhibit “A” � � OlHKQIH ON THE WATER TO: FROM DATE: RE: City of Oshkosh Finance Department 215 Church Ave., PO Box 1130 Oshkosh, WI 54903-1130 (920) 236-5080 (920) 236-5039 FAX MEMORANDUM Honorable Mayor and Members of the Common Council Trena Larson, Finance Director April 20, 2016 Approve Fund Transfers BACKGROUND One of the regular steps in the year end process requires an evaluation of the overall spending from the year (2015). In doing so, all accounts are evaluated by the amounts over or under against the respective budget. The transfer process includes utilizing funds from accounts that were under spent, as well as revenues and fund equity when necessary, to support the accounts that were over spent. Because this effectively alters the previous year's budget, Council approval is required in accordance with Section 12-3 of the Municipal Code. ANALYSIS Per the schedule attached to this item, all transfers are outlined. The first section of the attachment includes all divisional budgets that had spending in excess of the original budget, and the second section includes divisional budgets that spent less than their original budget allocation and can be used to cover the section one overages. FISCAL IMPACT The spending (in section one) and the savings (in section 2) for 2015, aggregate to the required General Fund Transfer. This is an accounting function that reconciles the budget to the actual numbers for the 2015 Fiscal Year. RECOMMENDATION Staff recommends that Council adopt this resolution. Respectfully Submitted, �I�a .C��tQa� Trena Larson Finance Director Approved: � . �_ � Mark Rohloff City Manager 2015 END OF YEAR TRANSFER EXHIBIT A To: Account NumberDivisionMain ReasonAmount 100-0010-XXXX-00000City CouncilConference and Training 1,139.00 100-0020-XXXX-00000City ManagerWages/Pay for Performance4,717.00 100-0040-XXXX-00000PersonnelMaintenance Computer Software5,910.00 100-0050-XXXX-00000City ClerkWages/Pay for Performance3,931.00 100-0090-XXXX-00000PurchasingWages/Pay for Performance2,407.00 100-0110-XXXX-00000Information TechnologyOffice Equipment5,365.00 100-0120-XXXX-00000InsuranceComprehensive Liability27,559.00 100-0140-XXXX-00000Independent AuditAudit Fees35.00 100-0150-XXXX-00000Oshkosh MediaWages/Pay for Performance2,779.00 100-0211-XXXX-00000Police AdministrationWages/Pay for Performance165,081.00 100-0230-XXXX-00000FireWages/Health Insurance212,111.00 100-0290-XXXX-00000Police & Fire CommissionBackground checks17,884.00 100-0610-XXXX-00000ParksWages/Health Insurance/Stone/Gravel90,295.00 100-0620-XXXX-00000ForestryWages/Temp Employee2,108.00 100-0730-XXXX-00000Economic DevelopmentMiscellaneous Contractual Services/Computer Supplies53,956.00 100-0801-XXXX-00000Electric DivisionSupplies/Repair Parts1,359.00 100-0907-XXXX-00000Bank FeesNew process2,916.00 100-0913-XXXX-00000Adjustment of SalariesAdjustment is incurred in each departments budget(155,300.00) 100-0914-XXXX-00000UnclassifiedLegal professional services61,445.00 100-0918-XXXX-00000Mobile Home Trailer TaxMiscellaneous Contractual Services3,932.00 100-6306-XXXX-00000Health Insurance Fund SurchargeAdjustment is incurred in each departments budget120,000.00 Total $ 629,629.00 From: Account NumberDivisionMain ReasonAmount 100-0030-XXXX-00000City AttorneyUnder Budget 142.00 100-0060-XXXX-00000ElectionsUnder Budget 14,826.00 100-0071-XXXX-00000Finance AdministrationUnder Budget 24,835.00 100-0080-XXXX-00000AssessorUnder Budget 61,293.00 100-0217-XXXX-00000Auxiliary PoliceUnder Budget 1,457.00 100-0218-XXXX-00000Crossing GuardsUnder Budget 4,006.00 100-0130-XXXX-00000Facilities MaintenanceUnder Budget 6,338.00 100-0410-XXXX-00000Public WorksUnder Budget 17,599.00 100-0420-XXXX-00000EngineeringUnder Budget 45,611.00 100-0430-XXXX-00000Street GeneralUnder Budget 24,312.00 100-0450-XXXX-00000Central GarageUnder Budget 235,880.00 100-0740-XXXX-00000PlanningUnder Budget 5,843.00 100-0750-XXXX-00000InspectionsUnder Budget 58,684.00 100-0810-XXXX-00000Sign DivisionUnder Budget 16,344.00 100-0602-XXXX-00000Unemployment CompensationUnder Budget 15,222.00 100-0908-XXXX-00000Uncollectible AccountsUnder Budget 46,076.00 100-0910-XXXX-00000Employee Benefit FeesUnder Budget 1,738.00 100-0911-XXXX-00000Patriotic CelebrationUnder Budget 1,822.00 100-0071-3460-00000General Fund Revenues (192,221.00) Under Budget 100-0071-3460-00000General Fund Reserves 239,822.00 Under Budget Total $ 629,629.00