HomeMy WebLinkAbout2019-170 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 19-170
RESOLUTION ADOPTING THE 2020 RECREATION FUND BUDGET
WHEREAS, the Recreation Fund is a Special Revenue Fund, funded through fees generated by
recreation programming, and
WHEREAS, Special Revenue Funds are required to adopt a budget for the forthcoming year.
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes,
that the following Recreation Fund Operating Budget for the year 2020 is hereby adopted:
2020 RECREATION FUND BUDGET
REVENUES EXPENDITURES
Fund 201-203 $ 5,750 $ 6,850
Fund 201-204 1,320 350
Fund 201-205 42,420 55,635
Fund 201-207 13,150 9,998
Fund 201-208 15,050 9,646
Program Totals
Operating Surplus (Deficit)
Transfer from General Fund
Recreation Fund Surplus
$ 77,690
$ 82,479
(4,789)
11,500
6,711
Adopted by the Council of the City of Lino Lakes this 9th day of December, 2019.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Maher and was duly seconded by Council Member Rafferty and upon
vote being taken thereon, the following voted in favor thereof:
Maher, Rafferty, Manthey,Stoesz,
The following voted against same:
none
Jeff Reinei`t, 1Mayor
ATTEST:
Tuha e Bartell, Cit) Cle
CITY COUNCIL
AGENDA ITEM 2A (iv)
STAFF ORIGINATOR: Sarah Cotton
MEETING DATE: December 9, 2019
TOPIC: Consider Resolution No. 19-170, Adopting the 2020 Recreation
Fund Budget
VOTE REQUIRED: 3/5
BACKGROUND
The City Council has reviewed the proposed 2020 Recreation Fund Operating Budget during their
budget work sessions. The Recreation Fund is a special revenue fund and operates from revenues
collected from recreation fees. A small portion of the general fund tax levy is used cover the cost
of seasonal temporary employees running the youth playground program. The budget for 2020
estimates that a small surplus will be realized in Recreation Special Revenue Fund.
RECOMMENDATION
Staff recommends the approval of Resolution No. 19-170.
ATTACHMENTS
Resolution No. 19-170