HomeMy WebLinkAbout[4e] Transfer
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Council Agenda Item ~ -e,
MEETING DATE:
January 17, 2008
AGENDA ITEM:, Transfer - Authorize the transfers relating to the escrow Sand Companies
paid for the 2007 Jade Road project turn lanes and the fire department chargebacks.
SUBMITTED BY:
Finance
BOARD/COMMISSION/COMMITTEE RECOMMENDATION: N/A
PREVIOUS COUNCIL ACTION: None
BACKGROUND INFORMATION: The operating transfer request is to move escrow money received
from Sand Companies in 2004 to pay for their portion of the turn lanes on CR 121 to Iverson Street. The
escrow was placed in the General Fund in 2004. The 2007 Jade Road Improvement Bonds are paid for
partly by special assessments, partly from this escrow.
The transfer is for $40,065 from the General Fund (10 I) to the 2007 A Improvement Bonds Fund (341).
The fire department chargeback is an annual budgeted transfer to charge the fire department for
maintenance and administration time.
BUDGETIFISCAL IMPACT:
$55,406.54 - reallocated between funds
ATTACHMENTS:
-Final Assessment Worksheet - 2007 Jade Road Assessments
for Sand Companies
-Fire Department Chargeback AdminlMaintenance Time
REQUESTED COUNCIL ACTION: Approve the operating transfers as of 12-31-07 as presented.
Final Assessment Worksheet
2007 Jade Road Improvements
Sand Companies (Mornings ide 2nd Addition)
Street & Storm water (Abutting Footage) 0.00 ft
Jade Road Turn Lane (Share) 0.00
IversonStreet Turn Lane (Share) 0.44
Trunk Sanitary Sewer (Share) 0.00
Trunk Water Main (Share) 0.00
School Sanitary Sewer (Share) 0.00
School Water Main (Share) 0.00
School Storm Sewer (Share) 0.00
Street & Storm water
CR121 Turn Lanes (Jade Road)
CR121 Turn Lanes (Iverson Street)
Trunk Sanitary Sewer
Trunk Water Main
Trail
School Sanitary Sewer
School Water Main
School Storm Sewer
Total Assessments
Assessment Rates
$220.80ILin Ft
$104,842.99 Total Cost
$85,867.94 Total Cost
$393,707.38 Total Cost
$441,061.43 Total Cost
$250,665.48 Total Cost
,$56,537.86 Total Cost
$71,222.28 Total Cost
$49,741.05 Total Cost
Total. Assessments
$0.00
$0.00
$37,781.89
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$37,781.89
04 Escrow pd ($40.065)
Refunded 11/07 $2.283.11
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".U', In,Sucu.d) . < '1)i'k~_
Total 07 Exp. Fund 105
Less: Community Room
times 5%
Total Admin Chargeback
-Jim
Snow Removal - Randy
Snow Removal - Gary
Snow Removal - Mike
Snow Removal - TB
Snow Removal - Eric
Snow Removal - Joe
Truck Maintenance - Randy
Truck Maintenance - Mike
Mow Lawn - Joe
Mow Lawn - TB
Mow Lawn - Jim
Mow Lawn - Randy
Mow Lawn - Mike
City of St. Joseph
Fire Department Chargeback Admin/Maintenance Time
As of December 31, 2007
equip
hours rate
1 60
1 60
4.5 60
7 60
2 60
2 60
2.5 60
22
16
3
2.5
3
1.5
1
69
wage
rate
60
60
60
60
60
60
60
o 60
o 60
60 60
60 60
60 60
60 60
60 60
as of 1-9-08 Debit Credit
188,108.82
(1,277.95)
186,830.87
x5%
· $:". .<,:g,341:S4i E10542210-301 R101-41430~34119
120.00
120.00
540.00
840.00
240.00
240.00
300.00
1,320.00
960.00
360.00
300.00
360.00
180.00
120.00
$ , '" 6,OOD.00
E1 05-42280~220 R 101-41430-34118