CITY of RAPID CITY Agenda Item Summary
Meeting Date: 8/21/2013	Commission, Board or Committee: N/A
Staff Contact: Brett Limbaugh	L&F Committee: 8/21/2013
Petitioner: Community Planning & Development Services Department	City Council 1st Reading: 9/2/2013
Location: N/A	City Council 2nd Reading: N/A
Agenda Title:
Acknowledge a One-Time Transfer of the Balance of Fees Collected for Contractor Training from the General Fund to the Community Planning & Development Services Budget to conduct Building Contractor Training Sessions.
Summary:
Over the past 20 years the Building Division has been selling building permit coupons to contractors with the understanding that $6 of the individual coupon cost would be set aside for education purposes.  The City has collected $67,845.10 for this purpose and this amount has been deposited in the City General Fund undesignated cash rather than being separated into a separate account.  Staff is requesting that the fund balance be transferred to the CPDS budget line item #4225 “Other Professional Services”.  The one-time transfer would allow the Building Division to schedule and pay for the contractor training without the requirement for a supplement appropriation from the General Fund each time a training session is held.  The balance in this fund would then be rolled over into subsequent CPDS budgets until such time as the funds are depleted.
Funding Source & Fiscal Impact (if applicable):
Transfer balance of contractor education fee balance in the amount of $67,845.10 from the General Fund to the CPDS budget line item #4225 “Other Professional Services”.
Recommendation:
Action: Authorize the transfer of funds to be included in the next supplemental appropriation. Notes: Click here to enter text.
Options:
Options include accepting the recommendation of Staff to transfer the balance one time to the CPDS budget or continue to require a supplemental budget transfer for each training session.
Attachments & Links:
Staff Memo