08/22/2017 Resolutions 2017-238�
RESOLUTION 2017-238
WHEREAS, the City's municipal golf course is classified for budget purposes as an
enterprise fund; and
WHEREAS, during the 2017-2018 budget process it was determined that the Golf
Fund no longer functions as an Enterprise Fund due to an imbalance between revenue and expenses;
and
WHEREAS, the City Council will adopt the 2017-2018 Budget at the September 12,
2017 meeting; and
WHEREAS, reclassification and inclusion of the revenue and expenses of the
municipal golf course into the City's general fund for the 2017-2018 budget would facilitate
budgeting and accounting between general fund and enterprise fund functions.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, as follows:
The municipal golf course should be and is hereby reclassified as a general fund
function and obligation for the 2017-2018 Budget.
2. Funds remaining in the enterprise Golf Fund at the conclusion of the City's 2016-
2017 budget year shall be transferred to the General Fund and allocated to the operation of
the municipal golf course.
Adopted by the City Council of the City of Grand Island, Nebraska, August 22, 2017
Attest:
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RaNae Edwards, City Clerk
Jere y. Jen en, yor
Approved as to Form tt
August 21, 2017 rney