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5.4. SR 05-04-1998'ity of River MEMORANDUM Item # 5.4. TO: FROM: DATE: SUBJECT: Mayor & City Council Pat Klaers, City ~_d_q~is~rator May 4, 1998 ~ 1997 Audit and City Computer/Technology Needs The 1997 year end Audit is very positive in terms of additional monies being added to the fund balance in the general fund. One of the main purposes of a healthy fund balance in the general fund is to have monies available to address one time capital needs. As we approach the year 2000, the city anticipates needing approximately $150,000 to address the upgrading of the police computer system, the upgrading of the city hall voice mail system, the addition of computers for police and city hall employees, and other similar technology/computer related situations. Anywhere from 1/2 to 2/3 of this total will be needed to address the computer situation in the police department. No funds are in the 1998 budget for these capital improvements and it will be very difficult to incorporate a capital expenditure of this magnitude into the 1999 budget. Use of the city fund balance that is in the general fund is appropriate for this type of one time expenditure. Recommendation After the City Council reviews and accepts the 1997 Comprehensive Financial Report, it is recommended that the Council approve the use of approximately $150,000 from the fund balance to help address the city computer/technology needs. 13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425