HomeMy WebLinkAbout2003-225 Council Resolution•
•
•
CITY OF LINO LAKES
RESOLUTION NO. 03-225
RESOLUTION ADOPTING THE 2004 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 2004 is hereby adopted:
2004 RECREATION FUND BUDGET
REVENUES EXPENDITURES
Adult Instructional $ 10,500 $ 9,600
Adult Leagues 37,430 33,120
Youth Instructional 122,820 120,095
Youth Leagues 52,200 51,600
Special Events 4,880 5,725
Program Totals $227,830
Operating Surplus 0
Recreation Fund Totals $227,830
$220,140
7,690
$227,830
Adopted by the City Council of Lino Lakes, Minnesota, this 15th day of December, 2003.
Ann Bla),' City Clerk
Johnergeso ay
o
AGENDA ITEM 3D
• STAFF ORIGINATOR Al Rolek
MEETING DATE December 15, 2003
TOPIC Consideration of adopting Resolution 03-225 adopting the
2004 Recreation Fund Operating Budgets
•
•
VOTE REQUIRED
BACKGROUND
Simple Majority
The City Council reviewed the proposed 2004 Recreation Fund Operating Budgets at their Budget
work session held August 13, 2003. 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 2004 estimates that a small surplus of $7,690 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 03-225 adopting the final 2004
Recreation Fund Operating Budget.
OPTIONS
1. Adopt Resolution 03-225 adopting the final 2004 Recreation Fund Operating Budgets.
2. Return to staff for further review.
3. Deny Resolution 03-225.
RECOMMENDATION
Option 1.