HomeMy WebLinkAbout2006-211Council Resolution•
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Council Member (',ark Gnp introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 06 -211
RESOLUTION ADOPTING THE 2007 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 2007 is hereby adopted:
2007 RECREATION FUND BUDGET
REVENUES EXPENDITURES
Adult Instructional $ 9,500 $ 8,850
Adult Leagues 38,300 29,450
Youth Instructional 71,250 67,160
Youth Leagues 35,000 33,000
Special Events 3.850 4,245
Program Totals $157,900 $142,705
Operating Surplus 0 15,195
Recreation Fund Totals $157,900 $157.900
Adopted by the City Council of Lino Lakes, Minnesota, this 18th day of December, 2006.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member Stoltz
and upon vote being taken thereon, the following voted in favor thereof:
Carlson, Stoltz, Reinert, O'Donnell, Bergeson
The following voted against same:
none
Whereupon said resolution was declared duly passed and adopted.
Juli
nne Bartell, City
AiJohn B rgeso / ay
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AGENDA ITEM 2E
STAFF ORIGINATOR Al Rolek
MEETING DATE December 18, 2006
TOPIC Consideration of adopting Resolution 06 -211 adopting the
2007 Recreation Fund Operating Budgets
VOTE REQUIRED
Simple Majority
The City Council reviewed the proposed 2007 Recreation Fund Operating Budgets at their Budget
work session held August 21, 2006. 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 2007 estimates that a surplus of $15,195 will be realized in this
fund.
It has been the practice of the City Council to adopt the Recreation Fund Operating budgets by
illresolution. Staff recommendation is to adopt Resolution 06 -211 adopting the final 2007
Recreation Fund Operating Budget.
1. Adopt Resolution 06 -211 adopting the final 2007 Recreation Fund Operating Budgets.
2. Return to staff for further review.
3. Deny Resolution 06 -211.
Option 1.
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