Coversheet

Commission Agenda Item

MEETING DATE: 1/22/2018

SUBJECT: Resolution 18-09 Amending the City of Alachua Fiscal Year 2017-2018 Budget; Recognizing Unanticipated Revenue in the Special Revenue Donation Fund in the amount of $15,000; Increasing the Donation Fund Appropriations Within the Recreation Program by Said Amount; Providing an Effective Date.

PREPARED BY: Robert A. Bonetti, Finance & Administrative Services Director

RECOMMENDED ACTION:

Adopt Resolution 18-09.

Summary

The recreation activities related to youth basketball and volleyball are a key component of our recreation program. Due to organizational changes within the Santa Fe Youth Basketball and Alachua Youth Volleyball volunteer organizations, the City has temporarily assumed the fiscal responsibilities related to the youth basketball and volleyball programs.

Resolution 18-09 establishes the necessary budget to provide for the recognition of revenues and expenses related to the youth basketball program. This program is self-sufficient due to revenues in the form of team fees, participant registrations and the generous sponsorships that are received.


FINANCIAL IMPACT: Yes


BUDGETED: No


AMOUNT: $15,000


FUNDING SOURCE: Other


ADDITIONAL FINANCIAL INFORMATION:Adoption of Resolution 18-09 would increase the total City of Alachua FY 2017-2018 Budget to $40,607,221.


COMMISSION GOALS: Quality of Life, Community Enhancement, Strengthen Community Services

ATTACHMENTS:
	Description
	Resolution 18-09
	Resolution 18-09 Exhibit A
	SIGNED