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HomeMy WebLinkAbout[04] Treasurer's Report Park Board Agenda Item 4 MEETING DATE: April 23, 2018 AGENDA ITEM: Finance Report SUBMITTED BY: Finance BOARD/COMMISSION/COMMITTEE/COUNCIL RECOMMENDATION: Council approved 2018 budget on December 4, 2017. PREVIOUS PARK BOARD ACTION: None BACKGROUND INFORMATION: Enclosed you will find the reconciled financial reports through March 31, 2018. The enclosed report reflects the current activity and balance of the park funds after the audit entries were made. I added a possible park dedication fee for the proposed Southview Heights development on the old Del Win site. The proposed fees will be collected over three phases of development. The final plat application for the first phase has been received by city staff and will be reviewed by the council in the next few weeks. I included a summary report that breaks out the revenues and expenditures recorded in the Park Board fund, along with the current balances. The bottom of the summary breaks out the funds designated for the East Park development and the portion the Park Board suggested to set aside for the dog park. Any contributions received for the dog park will be added to the designation for the dog park balance. BUDGET/FISCAL IMPACT: Information only ATTACHMENTS: Request for Park Board Action – Financial Reports Summary Treasurer’s Report Park Board Check Register Park Board Monthly Report Park Board 5-Year Capital Improvement Plan REQUESTED COUNCIL ACTION: Consider accepting the March 2018 financial reports. (throuh 3/31/18) Less spent: 1 Park Board Monthly Check Register Check #Search NameCommentsAmountFUNDDEPARTOBJ 053271WRUCK SEWER & PORTABLA1 portables$94.0020545203410 053310SEH, INCEast Park design$2,647.5020545203300 $2,741.50 Park Board Revenue Current Period: March 2018 2018March2018 Account DescrYTD Budget2018 AmtYTD Amt FUND 205 Park Dedication R 205-45203-31010 Current Ad Valorem Taxes$20,000.00$0.00$0.00 R 205-45203-34114 Park Dedication Fees$2,000.00$0.00$0.00 R 205-45203-34784 Rents and Royalties$2,120.00$0.00$0.00 R 205-45203-34785 Park Round-Up Proceeds$120.00$10.51$9.84 R 205-45203-36210 Interest Earnings$1,000.00-$37.89-$398.75 R 205-45203-36236 Contributions - Parks$10,000.00$0.00$5.00 R 205-49302-39201 Transfers from Other Funds$0.00$0.00$0.00 FUND 205 Park Dedication$35,240.00-$27.38-$383.91 $35,240.00-$27.38-$383.91 Park Board Expenditures Current Period: March 2018 2018March2018 Account DescrYTD Budget2018 AmtYTD Amt FUND 205 Park Dedication E 205-45203-101 Salaries$0.00$0.00$0.00 E 205-45203-121 PERA Contributions$0.00$0.00$0.00 E 205-45203-122 FICA Contributions$0.00$0.00$0.00 E 205-45203-125 Medicare Contributions$0.00$0.00$0.00 E 205-45203-130 H S A- Employer Contribution$0.00$0.00$0.00 E 205-45203-131 Health Insurance$0.00$0.00$0.00 E 205-45203-132 Dental Insurance$0.00$0.00$0.00 E 205-45203-133 Life Insurance$0.00$0.00$0.00 E 205-45203-134 Disabilty Insurance$0.00$0.00$0.00 E 205-45203-171 Clothing Allowance$0.00$0.00$0.00 E 205-45203-210 Operating Supplies$0.00$0.00$0.00 E 205-45203-300 Professional Services$0.00$2,647.50$2,647.50 E 205-45203-302 Maintenance Reimbursement$0.00$0.00$0.00 E 205-45203-410 Rentals$1,600.00$94.00$282.00 E 205-45203-437 Real Estate Taxes$4,020.00$0.00$0.00 E 205-45203-531 Park Development$137,570.00$0.00$0.00 FUND 205 Park Dedication$143,190.00$2,741.50$2,929.50 $143,190.00$2,741.50$2,929.50 Millstream Shelter phase 1 design phase 1 dog park thru 3/31/18