HomeMy Public PortalAboutAB 03-114 Library Contigency Revenue and ExpenseCITY COUNCIL City of McCall
AGENDA BILL 216 East Park Street
Number AB 03-114 McCall, ID 83638
Date August 14, 2003
ITEM INFORMATION
SUBJECT:
Original Agenda Date & Bill No.
Allocate
Library Contingent
Department/Committee/Individual
Initials
Remarks
Revenue and Expense
A
Mayor / Council
P
City Manager
P
Finance Director/City Clerk
R
Depu
ty City Clerk
O
Community Development
V
Police Chief
A
Public Works
L
Director of Golf & Parks Operations
COST IMPACT: $9,000
S
Recreation
Director
FUNDING SOURCE:
Airport Manager
Unexpended Fund Balance
Librarian
Originator
TIMELINE:
City Attorney
Grant Coordinator
SUMMARY
STATEMENT:
The Library experienced an unexpected shortfall in donated revenues when a consistent annual donor was no longer able to contribute. In addition, unanticipated building maintenance
costs related to the heating and cooling system and a leaky roof must be paid, but were not budgeted in FY 2002-2003. The available fund balance in the Library Fund after meeting reserve
requirements $16,366. The Library is requesting that $9,000 of this balance be allocated as Contingent Revenue from 25-40-100, with $4,000 to be allocated from Contingent Expense to
Books 25-57-435 and $5,000 to Building and Grounds Repair 10-57-570.
RECOMMENDED ACTION: Council to approve transfer.
RECORD OF COUNCIL ACTION
Meeting Date
Action
August
14, 2003
Approved Consent Agenda