HomeMy WebLinkAboutMINUTES - 04121988 - 1.57 i
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TO: BOARD OF SUPERVISORS
FROM:
Phil Batchelor, ♦
County Administrator l�Jra
^�^
DATE: WLQ
April 1, 1988 C`.'^
SUBJECT; SPECIAL DISTRICT
GREEN VALLEY RECREATION AND PARK DISTRICT
AUGMENTATION FUND ALLOCATION AND LOAN REPAYMENT
SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATION•
Acknowledge repayment of loan in the amount of $10, 500 from the Special
District Augmentation Fund by the Green Valley Recreation and Park District
and authorize allocation- of $8,160 from the Special District Augmentation
Fund to the Green Valley Recreation and Park District for operating and
capital expenditures.
BACKGROUND/REASONS FOR RECOMMENDATION:
Approximately two years ago, the Board of Supervisors authorized a* loan in
the amount of $10,500 from the Special District Augmentation Fund to the
Green Valley Recreation, and Park District to cover a portion of the cost of
a major pool repair project. Because of other demands on the financial
resources of the District, the District was unable to begin the pool
renovation project for which the loan was made.
The District has since obtained a grant from the State of California for
the pool renovation project which enables the District to return the loan
proceeds to the Special District Augmentation Fund.
The District request for $8,160 from the Special District Augmentation Fund
is made up of $1,860 for operating expenses and $6, 300 for non-recurring
facility maintenance and capital expenditures. The District did not
request an allocation from the Special District Augmentation Fund for the
1987-1988, fiscal year until this time because of uncertainties about the
future of the District caused by ithe unavailability of insurance coverage
for the District' s Board of Directors. The Board has recently obtained
insurance and is anxious to proceed with the operation and improvement of
the District.
The amount recommended for operations will bring the District' s budget into
balance and should enable the Districtlto operate on its own resources next
fiscal year. The amount recommended for non-recurring expenses,' which is
primarily for safety and security Items, will enable the District to
provide a more beneficial recreation program for the residents of the area.
The portion of the Special District Augmentation Fund reserve for non-fire
districts currently has a balance of approximately $209,000. The net
effect of the recommended actions will result in an increase in this
balance of approximately $2, 000.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOAR COMMITTEE
APPROVE OTHER
SIGNATURE(S): �
ACTION• OF BOARD ON q�
�A ri 1986 _ 7PPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
X UNANIMOUS (ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT; ABSTAIN: OF SUPERVISORS-ON THE DATE SHOWN.
Auditor-Controller APR 1 2 1988
cc: Community Development Dept... ATTESTED
County Administrator PHIL BATCHELOR, CLERK OF THE BOARD OF .
County. Counsel SUPERVISORS AND COUNTY ADMINISTRATOR
Green Valley Recreation and , %nom
. Park District �i BY
G
M382/7-83 (� -� ,DEPUTY