HomeMy WebLinkAbout2007-211 Council ResolutionCouncil Member Carlson introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 07- 211
RESOLUTION ADOPTING THE 2008 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 2008 is hereby adopted:
2008 RECREATION FUND BUDGET
REVENUES EXPENDITURES
Adult Instructional $ 10,000 $ 8,400
Adult Leagues 33,800 26,150
Youth Instructional 77,450 75,030
Youth Leagues 41,500 27,000
Special Events 5,710 6,125
Program Totals $168,460 $142,705
Operating Surplus 0 25,755
Recreation Fund Totals $168 460 $168,460
Adopted by the City Council of Lino Lakes, Minnesota, this 17th day of December, 2007.
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, O'Donnell, Reinert, Bergeson
The following voted against same:
none
Whereupon said resolution was declared duly passed -nd adopted.
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ne Bartell, City
*Age
Berge n, Ma' or
A -5
AGENDA ITEM 2D
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STAFF ORIGINATOR Al Rolek
MEETING DATE December 17, 2007
TOPIC Consideration of adopting Resolution 07 -211 adopting the
2008 Recreation Fund Operating Budgets
VOTE REQUIRED
AC
Simple Majority
The City Council reviewed the proposed 2008 Recreation Fund Operating Budgets at their Budget
work session held August 22, 2007. 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 2008 estimates that a surplus of $25,755 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 07 -211 adopting the final 2008 Recreation
Fund Operating Budget.
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1. Adopt Resolution 07 -211.
2. Return to staff for further review.
3. Deny Resolution 07 -211.
A ION
Option 1.
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A -5