Form revised April 10, 2006
FISCAL NOTE FOR NON-CAPITAL PROJECTS
Department: |
Contact Person/Phone: |
DOF Analyst/Phone: |
City Council |
Traci Ratzliff 4-8153
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Tyler Running Deer 4-8075 |
Legislation Title: |
A RESOLUTION adopting financial policies for the operation of the City’s Golf Program operated by the Department of Parks and Recreation.
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· Summary of the Legislation:
This legislation establishes financial policies guiding the operation of the Department of Park and Recreation’s (DPR’s) Golf Program. These policies cover the following general topics: setting of golf fees; use of net revenues generated from the golf program; overhead fees paid to DPR to cover costs associated with administering the Golf Program; funding of capital improvements at City golf facilities, etc. The City desires to adopt these policies by resolution to provide clear guidance concerning the operation of the Golf Program for the next several years.
Background:
The City has worked intensively over the last several years to develop a Golf Program that is financially self-sustaining. The City Council and Mayor desire to adopt financial policies to assure that the Golf Program is operated in an efficient and effective manner and provides the resources needed to maintain its self-sufficiency. The financial policies, when implemented, will allow the Golf Program to use net revenues to make investments in its capital facilities which will help it achieve greater self-sufficiency over time; and
· Please check one of the following:
____ This legislation does not have any financial implications. (Stop here and delete the remainder of this document prior to saving and printing.)
__x__ This legislation has financial implications. (Please complete all relevant sections that follow.)
Appropriations:
N/A
Fund Name and Number |
Department |
Budget Control Level* |
2006 Appropriation |
2007 Anticipated Appropriation |
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TOTAL |
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*See budget book to obtain the appropriate Budget Control Level for your department.
Anticipated Revenue/Reimbursement: Resulting From This Legislation:
N/A
Fund Name and Number |
Department |
Revenue Source |
2006 Revenue |
2007 Revenue |
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TOTAL |
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Total Regular Positions Created Or Abrogated Through This Legislation, Including FTE Impact:
N/A
Position Title and Department* |
Fund Name |
Fund Number |
Part-Time/ Full Time |
2006 Positions |
2006 FTE |
2007 Positions** |
2007 FTE** |
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TOTAL |
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* List each position separately
** 2007 positions and FTE are total 2007 position changes resulting from this legislation, not incremental changes. Therefore, under 2007, please be sure to include any continuing positions from 2006
· Do positions sunset in the future? N/A
Spending/Cash Flow:
N/A
Fund Name and Number |
Department |
Budget Control Level* |
2006 Expenditures |
2007 Anticipated Expenditures |
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TOTAL |
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* See budget book to obtain the appropriate Budget Control Level for your department.
· What is the financial cost of not implementing the legislation? (Estimate the costs to the City of not implementing the legislation, including estimated costs to maintain or expand an existing facility or the cost avoidance due to replacement of an existing facility, potential conflicts with regulatory requirements, or other potential costs if the legislation is not implemented.)
· What are the possible alternatives to the legislation that could achieve the same or similar objectives? (Include any potential alternatives to the proposed legislation, such as reducing fee-supported activities, identifying outside funding sources for fee-supported activities, etc.)
· Is the legislation subject to public hearing requirements: No
· Other Issues (including long-term implications of the legislation):