Item Coversheet
Commission Agenda Item
 

MEETING DATE:  4/23/2018

SUBJECT:  Resolution 18-18: Amending the City of Alachua Fiscal Year 2017-2018 Budget; Recognizing Unanticipated Revenue in the Special Revenue Donation Fund in the Amount of $6,977 and Appropriating for Related Recreation Program Expenses; Providing an Effective Date.

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

RECOMMENDED ACTION:

Adopt Resolution 18-18.

 

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 18-18 establishes the necessary budget to provide for the recognition of revenues and expenses related to the youth volleyball program ($4,600).  This program is self-sufficient due to revenues in the form of team fees, participant registrations and the generous sponsorships that are received.

 

Additionally, revenues ($2,377) are being recognized for donations that have been received in relation to other recreation program activities. 

 
FINANCIAL IMPACT: Yes
BUDGETED: No
AMOUNT:  $6,977
FUNDING SOURCE:  Other
ADDITIONAL FINANCIAL INFORMATION:Adoption of Resolution 18-18 would increase the total City of Alachua FY 2017-2018 Budget to $49,129,648 (provided Resolution 18-17 has been previously adopted).
 
COMMISSION GOALS:
Quality of Life, Strengthen Community Services

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