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AGENDA ITEM <br /> STAFF ORIGINATOR: Marty Asleson <br /> DATE: February 1, 1995 <br /> TOPIC: Special Revenue Account <br /> BACKGROUND <br /> The special revenue account is a city account that was set up to <br /> accumulate revenues from recreation programs. Should a program <br /> draw more than an anticipated budget, then the revenue account <br /> makes up the difference. Over the last two years the Special <br /> Revenue Account has accumulated a little over $3000 per year for <br /> an approximate (pre-audit) total of about $6600,00. <br /> Staff would like discuss the possibilities of the using these <br /> funds. It is felt that when revenues are generated from programs, <br /> that these funds may go into enhancing the programs that they were <br /> generated from, and or other new program ideas. <br /> The purpose of this report is to discuss the special revenue <br /> account and make a recommendation on the philosophy of spending or <br /> not spending these dollars. <br /> OPTIONS <br /> 1. Spend these dollars for worthy program enhancement needs. <br /> 2. Let these funds accumulate. <br /> RECONN MATION <br /> Although caution needs to be taken here for revenue/expense <br /> purposes, there are some program needs that would be possable, or <br /> enhanced by the use of these dollars. Staff wishes to use them. <br /> Recommend a motion and recommendation from the Park Board <br /> concerning this matter. <br />