HomeMy WebLinkAbout2014-150 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 14-150
RESOLUTION ADOPTING THE 2015 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 Lino Lakes that the following Recreation Fund
Operating Budget for the year 2015 is hereby adopted:
2015 RECREATION FUND BUDGET
REVENUES EXPENDITURES
Adult Instructional $ 5,100 $ 4,150
Adult Leagues 15,550 11,375
Youth Instructional 75,325 62,300
Youth Leagues 25,000 21,500
Special Events 7,960 10,380
Senior Programs 16.000 15.500
Program Totals $144,935 $125,205
Operating Surplus 0 9,730
Transfer to General Fund 0 10,000
Recreation Fund Totals $144,935 $144,935
Adopted by the Council of the City of Lino Lakes this 8th day of December, 2014.
The motion for the adoption of the foregoing resolution was introduced by Council Member Roeser
and was duly seconded by Council Member Ku s terandtnpon vote being taken thereon, the following voted in
favor thereof:
Roeser, Kusterman, Rafferty, Stoesz, Renert
The following voted against same: .
none
ATTEST:
u i e Bartell, City Cl9Fk
A-4
1..
Jeff Reine M . y
CITY COUNCIL
AGENDA ITEM 2A (iv)
STAFF ORIGINATOR Al Rolek
MEETING DATE December 8, 2014
TOPIC Consideration of adopting Resolution 14-150 adopting the
2015 Recreation Fund Operating Budgets
VOTE REQUIRED Simple Majority
BACKGROUND
The City Council has reviewed the proposed 2015 Recreation Fund Operating Budgets during their budget
work sessions. 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. A transfer to the General Fund is
budgeted to offset fixed costs. The budget for 2015 estimates that a small surplus will be realized in this
fund.
RECOMMENDATION
Staff recommends adoption of Resolution 14-150 adopting the final 2015 Recreation Fund Operating
Budget.
ATTACHMENTS
Resolution 14-150.
A-4