HomeMy WebLinkAbout2002-186 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 02-186
RESOLUTION ADOPTING THE 2003 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 2003 is hereby adopted:
2003 RECREATION FUND BUDGET
REVENUES
Adult Instructional $ 12,500
Adult Leagues 49,100
Youth Instructional 128,410
Youth Leagues 53,850
Special Events 4.140
Program Totals $248,000
Operating Surplus _Q
Recreation Fund Totals $248.000
EXPENDITURES
$ 10,350
42,400
119,931
46,870
5.790
$225,341
22.659
$248.000
Adopted by the City Council of Lino Lakes, Minnesota, this 16th day of December, 2002.
Ann Blair, ity Clerk
A-5
AGENDA ITEM 3D
STAFF ORIGINATOR Al Rolek
MEETING DATE December 16, 2003
TOPIC Consideration of adopting Resolution 02-186 adopting the
2003 Recreation Fund Operating Budgets
VOTE REQUIRED
BACKGROUND
Simple Majority
The City Council reviewed the proposed 2003 Recreation Fund Operating Budgets at their Budget
work session held August 28, 2002. 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 2003 estimates that a small surplus of $22,659 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 02-186 adopting the final 2003
Recreation Fund Operating Budget.
OPTIONS
1. Adopt Resolution 02-186 adopting the final 2003 Recreation Fund Operating Budgets.
2. Retum to staff for further review.
3. Deny Resolution 02-186.
RECOMMENDATION
Option 1.
A-5