HomeMy WebLinkAbout2004-192 Council Resolution•
•
CITY OF LINO LAKES
RESOLUTION NO. 4-192
RESOLUTION ADOPTING THE 2005 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 2005 is hereby adopted:
2005 RECREATION FUND BUDGET
REVENUES EXPENDITURES
Adult Instructional $ 10,000 $ 9,550
Adult Leagues 37,430 33,120
Youth Instructional 109,120 106,545
Youth Leagues 52,200 51,600
Special Events 4,505 5,325
Program Totals $213,255 $206,140
Operating Surplus 0 7,115
Recreation Fund Totals
$213,255 $213,255
Adopted by the City Council of Lino Lakes, Minnesota, this 20th day of December, 2004.
Ann Blai / ity Clerk
John $ergeso y
a r
•
•
•
AGENDA ITEM 2D
STAFF ORIGINATOR AI Rolek
MEETING DATE December 20, 2004
TOPIC Consideration of adopting Resolution 04 -192 adopting the
2005 Recreation Fund Operating Budgets
VOTE REQUIRED
BACKGROUND
Simple Majority
The City Council reviewed the proposed 2005 Recreation Fund Operating Budgets at their Budget
work session held August 26, 2004. 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 2005 estimates that a small surplus of $7,115 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 04-192 adopting the final 2005
Recreation Fund Operating Budget.
OPTIONS
1. Adopt Resolution 04 -192 adopting the final 2005 Recreation Fund Operating Budgets.
2. Return to staff for further review.
3. Deny Resolution 04 -192.
RECOMMENDATION
Option 1.