Description
Title: Authorizing the Department of Parks and Recreation to amend the financing and spending plan, in the amount of $10,000, and to enter into a grant agreement with the Minnesota Historical Society to accept Minnesota Historical and Cultural Heritage grant funds.
Summary
The City of Saint Paul's Financial Analysis Template is a structured framework designed to assess the fiscal impacts of financial resolutions presented to the Mayor and City Council. This template ensures that accurate accounting information is provided for budget amendments, including grants, donations, and other financial resolutions with budget implications. Resolutions lacking the required financial details will be returned for completion. The template includes sections for the General Ledger and Activity Ledger, both essential for tracking budget changes and funding sources. For instance, a recent amendment increased the Parks and Recreation Capital Improvement Budget by $10,000, funded through a grant from the Minnesota Historical Society. This process is crucial as it maintains transparency and accountability in municipal finances, enabling informed decision-making for the community.