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HomeMy WebLinkAbout10. 12-304 JUNE 12, 2012 12-304 RESOLUTION (CARRIED__7-0__LOST______LAID OVER______WITHDRAWN________) PURPOSE: AUTHORIZE PETTY CASH FUND / LEACH AMPHITHEATER EVENTS INITIATED BY: CITY ADMINISTRATION BE IT RESOLVED by the Common Council of the City of Oshkosh that the proper City Officials are hereby authorized and directed to establish a Petty Cash Fund for the Leach Amphitheater events. BE IT FURTHER RESOLVED that the proper City Officials are hereby authorized and directed to transfer the sum of $650.00 to the Oshkosh Parks Department/Leach Amphitheater. Account No. 256-0610-1114-00000 Leach Fund – Petty Cash City of Oshkosh Finance Department 215 Church Ave., PO Box 1130 Oshkosh, WI 54903 -9130 Of HKOf H (920) 236 -5005 (920) 236 -5039 FAX ON THE WATEn MEMORANDUM TO: Honorable Mayor and Members of the Common Council FROM: Peggy Steeno, Finance Director DATE: June 12, 2012 RE: Authorize Petty Cash Fund / Leach Amphitheater BACKGROUND Per city policy, all petty cash funds established are required to be authorized by the Common Council. As such, included on the June 12, 2012 agenda is a resolution authorizing the establishment of a Petty Cash Fund, in the amount of $650, for the Leach Amphitheater. These funds will be used as start -up money for the Streaming [LIVE] at the Leach Tuesday night concert series which begins June 19"' and other special events at the Leach that are sponsored by the Parks Department. ANALYSIS The funds will be utilized temporarily only as start -up money for admissions and concessions for the above noted event. When not in use, the funds will be returned to Finance for safekeeping. In addition, the funds will be returned to Finance at the end of each season to be held until the beginning of the following season. During the off - season, the funds will be re- deposited into the City's bank account. FISCAL IMPACT There will not be a fiscal impact associated with assigning these monies to the petty cash fund as they will never be spent. RECOMMENDATION Staff recommends approval of this resolution. Respectfully Submitted, Peggy Steeno Finance Director Approved: Mark Rohloff City Manager