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2. Resolution 5370 - Budget Amendment - Parking CommissionCity of Kalispell Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406)758-7700 Fax (406)758-7758 REPORT TO: Mayor Kennedy and City Council Members FROM: Amy Robertson, Finance Director Myrt Webb, Interim City Manager SUBJECT: Parking Commission Budget Amendment for FY2009 MEETING DATE: June 1, 2009 BACKGROUND: The City's fiscal 2009 budget for the Parking Commission needs amending. The Parking Commission expenses for snow removal this past winter exceeded budget by $10,000. Additionally, an overdraft of $2,000 for contract services for legal fees and a budget shortfall to record depreciation expense of $5,000 require adjustment. A public hearing is scheduled for this evening. The Parking Commission is a component unit of the City. They have a separate board appointed by the City Council and are operated as a separate governmental entity. For reporting purposes, the City prepares their payroll and pays their claims out of their funds. The Parking Commission financial statements are included with the City's financial statements as a component unit not blended with City funds. We include their budget in our budget book and include their budget and amendments for council approval. RECOMMENDATION: Approve Resolution 5370 amending the Parking budget. FISCAL IMPACT: $17,000 for budget amendment; fiscal impact of $12,000. $5,000 depreciation is a non -cash appropriation to more accurately reflect actual depreciation expense. Amy H. Robertson Finance Director Report compiled: May 27, 2009 Webb Interim City Manager RESOLUTION NO. 5370 A RESOLUTION TO AMEND THE ANNUAL APPROPRIATIONS OF THE CITY OF KALISPELL, MONTANA, AS SET FORTH IN THE 2008-2009 BUDGET ADOPTED BY THE CITY COUNCIL ON BEHALF OF THE PARKING COMMISSION. WHEREAS, on September 15, 2008, the City Council adopted Resolution 5311 adopting the annual appropriations of the City of Kalispell for fiscal year 2008-2009, and WHEREAS, at a public hearing held on July 21, 2008, the City Council did consider all objections made to said budgets, and WHEREAS, in the budget adopted by the City of Kalispell for the 2008-2009 fiscal year, certain detailed and itemized estimates of expenditures have proven inaccurate in the operation of the Parking Commission for the 2008-2009 fiscal year, and WHEREAS, at a public hearing held on June 1, 2009, the city Council did consider all objections made to said budget amendment. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION I. Amendments to the 2008-2009 fiscal budget as follows: 5720 Parking Commission 354 Contract services $ 2,000 365 Snow removal $10,000 831 Depreciation expense $ 5,000 SECTION H. That on June 1, 2009 at 7:00 o'clock P.M., the City Council authorized and directed the Finance Director to increase the appropriations. PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 1ST DAY OF JUNE, 2009. Pamela B. Kennedy Mayor ATTEST: Theresa White City Clerk