CR 99-112 Budget Adjustment for Contributions in the Activity Center
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June 15, 1999 o P K \ ~ Council Report 99-112
C) Bu.dget Adjustment for Contribu.tions in the Activity Cen.ter
Proposed. Action
Staff recommends adoption of the following motion: Move to approve the recommended budget
adjustments in 1999 for contributions received at the activity center.
Adoption of this motion will result in the increase in revenue and expenditure budgets in 1999 in
the amount of$10,000.
Ovenriew
The Activity Center has received contributions over the past few years with the intention of
building enough money to purchase new equipment for the computer lab. The contributions
have come from citizens and seniors in Hopkins. There is now enough money accumulated to
purchase the desired equipment.
lPJrnmary :l!:ssues to Consider
0 Contributions received total $10,000 and should be recorded in the revenue
0 account number 101-41550-440.
0 Expenditures to be made are computers for a total of $6,100, computer chairs for
$1,000 and computer software and network capabilities for $2,900. These items
should be recorded in expenditure account 101-41550-750.
0 Budget increases for both revenues and expenditures will have a net zero effect on
the general fund balance.
Recommendation
Finance recommends increasing the revenue and expenditure budgets listed above by $10,000
each for the 1999 calendar year.
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conK. Yager ( I
Finance Director
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