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HomeMy WebLinkAbout83-171 - ResolutionsRESOLUTION NO. 83-171 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, ESTABLISHING THE RECREATION SERVICES ENTERPRISE FUND WHEREAS, the City Council of the City of Rancho Cucamonga, California, wishes to foster a system of Recreation Services that are as financially self reliant as possible; and WHEREAS, the cost of providing Recreation Services can be offset in part through user services fees and charges; and WHEREAS, principles of governmental accounting states, in part, "Enterprise funds are the funds that governments should use to account for services to the public when most of the costs involved are paid for in the form of charges by the users of such services"; BE IT THEREFORE RESOLVED by the City Council of the City of Rancho Cucamonga as follows: 1. There is hereby established the Recreation Services Enterprise Fund, which shall receive all funds collected through fees and charges from recreational activities and facility rentals; 2. The Recreation Services Enterprise Fund shall be the source of disbursement for recreational contract service instructors; staff activity instructors, leaders or sports officials; facility rental for specified activity sites; consumable supplies for recreational activities supported by the Enterprise Fund; capital equipment or development in support of activities or functions directly associated with the activities of the Enterprise Fund; and, publicity costs associated with recreational activities of the Enterprise Fund; 3- The Recreation Services Enterprise Fund shall act as the umbrella funding source for recreational special events where a fee may or may not be charged; 4. The operation of Recreation Services Enterprise Fund shall be administered by the Community Services Department in accordance with financial policies and practices of the City. PASSED, APPROVED, and ADOPTED this 19th day of October, 1983. AYES: Dahl, Buquet, Schlosser, Frost, Mikels NOES: None ABSENT: None ATTEST: s,Mayor Lauren M. Wasserman, City Clerk