Laserfiche WebLink
- 2FAgenda Section: 2_G <br /> irREQUEST FOR COUNCIL CONSIDERATION Report Number: 9 2-3 7 3CReport Date: 9-10-92 <br /> STAFF REPORT Council Action: <br /> 0 Special Order of Business <br /> CITY COUNCIL MEETING DATE September 14, 1992 Public Hearings <br /> x7 Consent Agenda <br /> 0 Council Business <br /> Item Description: AUTHORIZATION FOR THE USE OF FUND BALANCE FOR <br /> LAMBERT PARK IMPROVEMENTS <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. <br /> Explanation/Summary (attach supplement shee s as necessary.) <br /> S+IZMMARY; <br /> The 1991 Parks Capital Improvement Budget included appropriations of$14,000 for a parking lot for Lambert <br /> Park and $14,000 for various improvements. The contract for the parking lot construction was approved by <br /> Council on September 23, 1991, however due to the early onset of winter that Fall the project was not started <br /> until 1992. Of the $14,000 that was budgeted for Park Improvements, $4,183 was previously approved to cover <br /> two projects at the Park which were over budget: construction of the hockey rink and the paving of the parking <br /> lot. This left $9,817 available for other improvements at the Park. The Parks Department planned to purchase <br /> and install play equipment and a basketball goal but were also prevented from doing so by the early onset of <br /> winter in the Fall. Parks Director Saarion discussed this matter with me in early November 1991 and I included <br /> these amounts in a designation for the ensuing year's Budget of Fund Balance of the General Fund. In order to <br /> allow the Parks Department to spend this money for the intended improvements Council needs to reauthorize it <br /> since the budgetary authorization for it expired at December 31, 1991. A proposed resolution is attached which <br /> modifies the 1992 Parks Capital Budget to allow for the expenditures for the parking lot ($14,700) and the park <br /> improvements ($9,817). <br /> k <br /> REC OMMENDATION; Donald Brager, Finance D' for <br /> Adopt Resolution 4275, A Resolution Ammending The 1992 General Fund Budget By Adding $24,517 to <br /> Expenditure Account 100-4360-703 and $24,517 to Revenue Account 100-3850 <br />