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FIN-4.02 - Parks Local Option Levy Fund

PARKS LOCAL OPTION LEVY FUND
Binding City Policy
BCP-FIN-4.02

 
PURPOSE
 
The Council finds:
 
1. The closing of two funds and the establishment of one new fund will improve the financial management and accounting of the City through the proper tracking of financial activity.

 
POLICY
 
NOW, THEREFORE, the Council directs:
 
Close Parks Bond Construction Fund (504).
 
Close Capital Improvement Fund (503).
 
Open the Parks Local Option Levy Fund (230) and include it in the FY 2002-03 Adopted Budget. The Parks’ Local Option Levy Fund is established to manage the five-year local option levy in support of Parks’ operation, maintenance, and capital programs.
 
HISTORY
Ordinance No. 177594
Passed by Council June 19, 2003
Filed for inclusion in PPD May 7, 2004.