HomeMy WebLinkAbout19. 18-193 APRIL 10, 2018 18-193 RESOLUTION
(CARRIED 7-0 LOST LAID OVER WITHDRAWN )
PURPOSE: APPROVE 2017 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"
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Oshkosh
TO: Honorable Mayor and Members of the Common Council
FROM: Trena Larson, Finance Director
DATE: April 2, 2018
RE: Approve Fund Transfers
BACKGROUND
One of the regular steps in the year end process requires an evaluation of the overall spending
from the year (2017). 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
Aside from the spending (in section one) and the savings (in section 2) for 2017, there is no
direct financial impact related to the Fund Transfer. This is an accounting function that
reconciles the budget to the actual numbers for the 2017 Fiscal Year.
RECOMMENDATION
Staff recommends that Council adopt this resolution.
Respectfully Submitted,
Yr, en larvon
Trena Larson
Finance Director
Approved:
Mark Rohloff
City Manager
Finance Director, Trena Larson
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130
http://www.ci.oshkosh.wi.us
To:
Account Number
2017 END OF YEAR TRANSFER
Division Main Reason
EXHIBIT A
Amount
0100-0020-X)=-00000
City Manager
3,740.00
0100-0040-XXXX-00000
Personnel
681.00
0100-0080-X)=-00000
Assessor
Health Insurance
5,447.00
0100-0090-XXXX-00000
Purchasing
Postage/Cloud Software/Maintenance Software
10,342.00
0100-0110-X)=-00000
Information Technology
Health Insurance
44,451.00
0100-0150-X)=-00000
Oshkosh Media
Health Insurance
9,203.00
0100-0214-XXXX-00000
Animal Care
2,205.00
0100-0230-XXXX-00000
Fire
Wages/OvertimeNehicle Repairs/Maintenance Machinery
34,480.00
0100-0620-XXXX-00000
Forestry
Overtime/Vehicle Repair/Landscaping
4,949.00
0100-0801-XXXX-00000
Electric Division
Overtime/Maintenance Machinery/Supplies
4,229.00
0100-0907-XXXX-00000
Bank Fees
New process -Bank Fees
5,092.00
0100-0908-XXXX-00000
Tax Refunds & Bad Debt
Property Tax Loss / Ambulance Write Offs
73,071.00
0100-0910-XXXX-00000
Employee Benefit Fees
969.00
0100-0918-XXXX-00000
Mobile Home Trailer Tax
2,010.00
0100-0071-3460-00000
General Fund Reserves/Transfers (Increase)/Decrease in Fund Balance
375,933.00
Total
$ 576,802.00
From:
Account Number
Division
Main Reason
Amoun
0100-0010-XXXX-00000
City Council
Under Budget
1,768.00
0100-0030-XXXX-00000
City Attorney
Under Budget
35,854.00
0100-0050-XXXX-00000
City Clerk
Under Budget
3,490.00
0100-0060-XXXX-00000
Elections
Under Budget
4,696.00
0100-0071-XXXX-00000
Finance
Under Budget
30,507.00
0100-0120-XXXX-00000
Insurance
Under Budget
38,297.00
0100-0130-XXXX-00000
City Hall Maintenance
Under Budget
11,588.00
0100-0140-XXXX-00000
Independent Audit
Under Budget
6,307.00
0100-0211-XXXX-00000
Police Administration
Under Budget
94,130.00
0100-0217-XXXX-00000
Auxiliary Police
Under Budget
344.00
0100-0218-XXXX-00000
Crossing Guards
Under Budget
6,023.00
0100-0290-XXXX-00000
Police & Fire Commission
Under Budget
3,285.00
0100-0410-XXXX-00000
Public Works - Administration
Under Budget
19,817.00
0100-0420-X)=-00000
Engineering
Under Budget
9,370.00
0100-0430-X)=-00000
Street General
Under Budget
114,273.00
0100-0450-XXXX-00000
Central Garage
Under Budget
65,251.00
0100-0610-XXXX-00000
Parks
Under Budget
29,709.00
0100-0730-XXXX-00000
Economic Development
Under Budget
21,986.00
0100-0740-XXXX-00000
Planning
Under Budget
21,704.00
0100-0810-XXXX-00000
Sign Division
Under Budget
39,891.00
0100-0902-XXXX-00000
Unemployment Compensation
Under Budget
4,636.00
0100-0911-XXXX-00000
Concert/Patriotic Celebrations
Under Budget
1,267.00
0100-0913-XXXX-00000
Adjustment of Salaries
Under Budget
13,076.00
0100-0914-XXXX-00000
Unclassified
Under Budget
32,878.00
0100-XXXX-XXXX-XXXXX
General Fund Revenues
(Realized)/Unrealized
769,945.00
0100-0071.3460.00000
General Fund Reserves
(Increase)/Decrease in Fund Balance
(803,290.00)
Total
$ 576,802.00