HomeMy Public PortalAboutAB 05-34 Surplus Fund BalanceMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, ID 83638
Number AB 05- 34
Meeting Date February 10, 2005
AGENDA ITEM INFORMATION
SUBJECT:
Surplus Fund Balance
Approvals
: Department/
Committee/Individual
Initials
Remarks
(Originator/Support)
Mayor / Council
City Manager
originator
Community Development
Treasurer
Clerk
Police Department
Public Works
Golf Operations
Parks & Recreation
COST IMPACT: see attached
Airport
FUNDING SOURCE: Surplus Fund Balances
Library
City Attorney
TIMELINE: ASAP
Grant Coordinator
Other:
SUMMARY STATEMENT:
Attached is a spreadsheet that identifies the surplus fund balances in the General
Fund, Public Works/Streets Fund, Library Fund, Recreation Fund and Airport Fund. It is staff’s recommendation that surplus fund balances in the Library, Recreation and Airport Funds
be used only in their respective funds.
Council has recently expressed a desire to fund an Impact Fee Study and other costs associated with the adoption of impact fees. Substantial
expenditures are necessary in the Sewer Fund, including a new Facilities Plan, I&I removal, and other capacity improvements. Council has historically expressed a strong interest in paving
additional streets. Council has also expressed a desire to provide $15,000 for a county-wide Housing Needs Assessment, although no commitments are in place.
Staff recommends that the
Surplus Fund Balance in the Airport Fund be reserved for future airport land acquisition.
Staff would like to provide detailed recommendations for prioritized expenditure of the Surplus
Fund Balances, based on general direction from Council. What is the Council’s general intent regarding Surplus Fund Balances?
RECOMMENDED ACTION:
Identify general Council priorities
and direct staff to provide a detailed, prioritized recommendation for the use of Surplus Fund Balance.
RECORD OF COUNCIL ACTION
Meeting Date
ACTION
2/10/05
Identified priorities
and directed staff to provide a detailed, prioritized recommendation for the use of Surplus Fund Balance