HomeMy WebLinkAbout2005-204 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 05-204
RESOLUTION ADOPTING THE 2006 RECREATION FUND BUDGET
WHEREAS, the Recreation Fund is a Special Revenue Fund, 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 LINO LAKES that the following
Recreation Fund Operating Budget for the year 2006 is hereby adopted:
2006 RECREATION FUND BUDGET
REVENUES EXPENDITURES
Adult Instructional $ 13,000 $ 11,750
Adult Leagues 38,000 29,450
Youth Instructional 90,350 82,180
Youth Leagues 40,000 35,500
Special Events 4.450 4.960
Program Totals $185,800 $163,840
Operating Surplus 0 21,960
Recreation Fund Totals $185,800 $185,800
Adopted by the City Council of Lino Lakes, Minnesota, this 19th day of December, 2005.
•
ne Bartell, ity Ierk
John erges• n, M or
AGENDA ITEM 2D
• STAFF ORIGINATOR Al Rolek
MEETING DATE December 19, 2005
TOPIC Consideration of adopting Resolution 05-204 adopting the
2006 Recreation Fund Operating Budgets
•
•
VOTE REQUIRED
Simple Majority
The City Council reviewed the proposed 2006 Recreation Fund Operating Budgets at their Budget
work session held August 17, 2005. The budget being presented for approval has not changed
since the work session. The Recreation Fund is a special revenue fund and operates from
revenues collected from recreation fees. No part of the tax levy is used to finance Recreation Fund
operations. The budget for 2006 estimates that a surplus of $21,960 will be realized in this fund.
It has been the practice of the City Council to adopt the Recreation Fund Operating budgets by
resolution. Staff recommendation is to adopt Resolution 05-204 adopting the final 2006 Recreation
Fund Operating Budget.
1. Adopt Resolution 05-204 adopting the final 2006 Recreation Fund Operating Budgets.
2. Return to staff for further review.
3. Deny Resolution 05 -204.
Option 1.
A -4