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STATE OF WASHINGTON
County of Jefferson
In the Matter of Maintaining a Positive
Cash Balance for the
Park & Recreation Fund (174)
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RESOLUTION NO. 68-04
WHEREAS, the Park & Recreation Fund received $64,000 in cash to provide adequate cash
balances per resolution 73-02; and
WHEREAS, the 2003 Park & Recreation expenses were increased by resolution 95-03 in the
amount of $25,000 to cover unexpected retirement costs and unexpected utility costs; and,
WHEREAS, there were insufficient additional revenues available to offset the increased
spending; and,
WHEREAS, the restricted cash reserves were reduced by $24,000.
NOW THEREFORE BE IT RESOL VED, that the County Treasurer be and is hereby
authorized to transfer monies from the General Fund (001) in the amount of $24,000 to the Park &
Recreation Fund (174) to replace the shortage in the restricted reserve created in 2003.
BE IT FURTHER RESOL VED, that the Restricted Fund Balance shall be used to provide
funding to maintain a positive cash balance for said Fund.
IT IS FURTHER RESOL VED, that the disclosure for transfer of such monies shall be made
as an equity Transfer on the County's Annual Financial Statements.
APPROVED this 6th day of December ,2004,
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ATTEST:
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.jZlie Matth~~, CMC
Deputy Clerk of the Board
JEFFERSON COUNTY
BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST
[X] CONSENT AGENDA
D REGULAR AGENDA
TO:
Board of County Commissioners
County Administrator J. p/J
Allen R. Sartin, Central Services Director tlll:b
December 6, 2004
In the Matter of Maintaining a Positive Cash Balance for the Park &
Recreation Fund
FROM:
DATE:
SUBJECT:
STATEMENT OF ISSUE:
As a result of unexpected expenses late in the year in 2003 the restricted cash balance
needs to be replenished in the amount of $24,000.
STRATEGIC GOALS:
Effectiveness and efficiency of government.
ANALYSIS (PRO & CON):
Not Applicable
COST BENEFIT ANALYSIS:
Not Applicable
FISCAL IMPACT:
Not Applicable
Revenue Budget Line Item:
Expenditure Budget Line Item:
Gain or Loss (-):
REQUESTED ACTION:
Approve & sign proposed resolution.
REVIEWED BY:
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Jo Fischbach, County Administrator
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Date' I