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2018-312-Resolution No. 2018-034 Recorded 7/26/2018Recorded in Deschutes County Nancy Blankenship, County Clerk CJ2018-312 REVIEWED Commissioners' Journal 07/26/2018 2:40:11 PM IIrIIIIIII'IIIIIIIIIIIIIIIII LEGAL COUNSEL Int III 2018-312 For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Creating a change fund for the gate activity and increasing the change fund and the * RESOLUTION NO. 2018-034 Imprest checking account for the food & beverage activity and petty cash fund for the duration of the Annual County Fair WHEREAS, the Deschutes County Fair & Expo Center needs a change fund in the amount of $130,000 to facilitate the ticket sales activity during the Annual County Fair; and, WHEREAS, the Deschutes County Fair & Expo Center needs to increase its Change Fund for its Food & Beverage activity during the Annual County Fair from $6,000 to $35,000; and, WHEREAS, the Deschutes County Fair & Expo Center needs to increase its Imprest Checking Account for its Food & Beverage activity during the Annual County Fair from $10,000 to $40,000; and, WHEREAS, the Deschutes County Fair & Expo Center needs to increase its Petty Cash Fund for its Fair activity during the Annual County Fair from $700 to $1,500; now, therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. That checks totaling $189,800 be drawn to create such accounts. Section 2. That the change funds be deposited to the County's General Deposit bank account not more than two (2) business days after the conclusion of the Annual County Fair. Section 3. That an accounting of the disbursements made from the Imprest Checking Account be prepared and forwarded to the Finance Department not more than two (2) business days after the conclusion of the Annual County Fair. PAGE 1 OF 2 — RESOLUTION NO. 2018-034(07/18/18) Section 4. That the reconciled balance in the Imprest Checking Account be reduced to $10,000 by depositing a check into the County's General Deposit bank account not more than two (2) business days after the conclusion of the Annual County Fair. Section 5. That the reconciled balance in the Petty Cash Fund be reduced to $700 by depositing a check into the County's General Deposit bank account not more than two (2) business days after the conclusion of the Annual County Fair. DATED this 19 day of July, 2018. ATTEST: --- 141LA th- 4�L Recording Secretary PAGE 2 OF 2 — RESOLUTION NO. 2018-034(07/18/18) BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON -_ � _ ANTHONY DEBONEr, C air 6 PHILIP G. jNDfkSON, Vice -Chair TAMMY BANEY, Com is Toner Deschutes County Board of Commissioners 1300 NW Wall St, Bend, OR 97703 (541) 388-6570 - Fax (541) 385-3202 - https://www.deschutes.org/ AGENDA REQUEST & STAFF REPORT For Board of Commissioners Business Meeting of July 18, 2018 DATE: July 6, 2018 FROM: Wayne Lowry, Finance, 541-388-6559 TITLE OF AGENDA ITEM: Consideration of Board Signature of Resolution No. 2018-034, Fair and Expo Center Change Fund Increase RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2018-034 BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2018-034 to establish a change fund in the amount of $130,000 to facilitate ticket sales activity, increase the change fund for the food & beverage activity from $6,000 to $35,000, increase the Imprest checking account for food & beverage activity from $10,000 to $40,000, and increase the petty cash fund from $700 to $1,500 for the 2018 Annual County Fair. These changes are temporary to facilitate the Fair event and will be returned to normal once the event is complete. FISCAL IMPLICATIONS: None ATTENDANCE: Dan Despotopulous, Director Fair and Expo Center