3. Proposed Budget Amendment for Woodland Water Park(City of Kalispell
post oftk�-Box 199-11 s.1i4n".e�< lam i t 4`i `?5 f- � )75 '7 5'
Date: October 13, 2004
To: Mayor Kennedy and Council Members
From: Array Robertson
Mike Baker
RE: General Fund Budget Amendment for Aquatics Facility shortfall
The Aquatics facility budget shortfall for the 2004 summer was a result of two things:
(1) The estimatedrevenue for season passes came up $42,000 short — consensus is that
the passes were over priced and (2) natural gas expenditures were budgeted at $12,000
and actual was $36,000, At the end of the season we have a cash short fall of just over
$60,000. Because the Pool operating budget was set up in its own fund rather than the
General Fund, it is necessary to balance the fund. It will require an operating transfer
from the General Fund to the Aquatics fund. The operating transfer will be a budget
amendment increasing the expenditures in the General Fund. This will reduce the
estimated cash carry over in the General Fund and move the cash to the Aquatics facility
fund. I would request the transfer amount be increased to $65,000 to cover on going
costs for electric, heat and phone for the winter. These costs are minimal but there is an
equipment room that needs to stay heated.
The process requires a public hearing prior to amending the budget. We would request
that a resolution calling for a public hearing; to be placed on the next agenda.
On a positive note, funds remaining; in the Pool Construction fund will be transferred to
the Debt Service Fund when all of the construction items are complete this fall. Mike
estimates that $50,000 will remain which will allow us to reduce the mill levy next year
for debt retirement. Those funds cannot be used for operations.