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<br />REQUEST FOR <br />COUNCIL ACTION <br /> <br /> <br />CITY COUNCIL MEETING DATE: <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />NOVEMBER 20, 2006 <br />TITLE: <br /> <br />APPROVED <br />As Recommended <br />As Amended <br />Ordinance on 1 sl Reading <br />Ordinance on 2nd Reading <br />Implementing Resolution <br />Set Public Hearing For <br /> <br />APPROPRIATION ADJUSTMENT <br />RECOGNIZING CENTENNIAL PARK <br />FUND BALANCE <br /> <br />-~~~ <br />(.....7 CI MANAGER <br /> <br />CONTINUED TO <br /> <br />FILE NUMBER <br /> <br />RECOMMENDED ACTION <br /> <br />Approve an appropriation adjustment recognizing prior year revenue in the <br />amount of $135,898 in the Centennial Park Maintenance revenue account <br />(account no. 77-01-5010) and appropriate same to the Park Building Services <br />expenditure account (account no. 11-260-various). <br /> <br />DISCUSSION <br /> <br />On January 14, 1976 the City of Santa Ana and the County of Orange entered <br />into an agreement for the development, maintenance and operation of <br />Centennial Regional Park. The terms of the agreement mandated that the City <br />and the County share 50 percent of the revenues and 50 percent of the <br />operations and maintenance of the park site. Although this arrangement <br />benefited the City and County for 30 years, the agreement with the City and <br />County terminated last fiscal year. The City now assumes sole <br />responsibility of ownership, operations and maintenance of Centennial Park. <br /> <br />The recommended action will transfer the Centennial Park fund balance from <br />the Centennial Park Maintenance fund to the General Fund Park Building <br />Services activity to pay for the sidewalk installation at the Centennial <br />Park Mohawk entrance, and other park projects. <br /> <br />FISCAL IMPACT <br /> <br />This appropriation adjustment will recognize prior year revenue in the <br />amount of $135,898 in the Centennial Park Maintenance revenue account <br />(account no. 77-01-5010) and appropriate same to the Park Building Services <br />expenditure account (account no. 11-260-various). <br /> <br /> <br /> <br />Agency <br /> <br />APPROVED AS TO FUNDS AND ACCOUNT: <br /> <br />h2ndb ~-~ <br /> <br />J~ranci~co G~tierrez <br />q; Executlve Dlrector <br />Finance and Mgmt. Services AgenC~~ <br /> <br />Gerardo Mouet <br />Executive Direc <br />Parks, Rec. and <br /> <br />20A-1 <br />