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HomeMy WebLinkAboutRes 024 - Amending Imprest - Change Fund - FairDeschutes County Board of Commissioners 1300 NW Wall St., Suite 200, Bend, OR 97701-1960 (541) 388-6570 -Fax (541) 385-3202 -www.deschutes.org AGENDA REQUEST & STAFF REPORT For Board Business Meeting of April lQ, 2015 Please see directions for completing this document on the next page. DATE: April 8,2015 FROM: Wayne Lowry ~~Finance Phone # (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2015-024, amending the authorized balances in the Imprest Accounts and the Change Fund at the Fair & Expo Center. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2015-024 to increase the authorized balances of the Imprest Accounts and the Change Fund at the Deschutes County Fair & Expo Center, currently totaling $lO,OOO to a new totalof$16,700. FISCAL IMPLICATIONS: Adequate funds are available. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2015-024. ATTENDANCE: Wayne Lowry DISTRIBUTION OF DOCUMENTS: Wayne Lowry, Finance Department 388-6559 Dan Despotopu10s, Fair & Expo Center 548-2711 REVIEWED LEGAL COUNSEL For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Amending the Authorized Balances * of the Imprest Accounts and the Change Fund at * RESOLUTION NO. 2015-024 the Deschutes County Fair & Expo Center * WHEREAS, the Deschutes County Fair & Expo Center is authorized to have a Change Fund in the amount of $3,000, an Imprest Checking Account balance of $5,000 and an Imprest Petty Cash Account in the amount of $2,000; and, WHEREAS, it has been determined that the Deschutes County Fair & Expo Center requires a balance of $10,000 in the Imprest Checking Account, a balance of $6,000 in the Change Fund, and an Imprest Petty Cash Account in the amount of $700, now, therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. That a check in the amount of $3,700 be drawn and deposited into the Imprest Checking Account and that $1,300 of the Imprest Petty Cash Account be deposited into the Imprest Checking Account in order to have an Imprest Checking Account balance of$lO,OOO ($5,000 + $3,700 + $1,300). Section 2. That a check in the amount of $3,000 be drawn to increase the Change Fund to $6,000. DATED this ___th day of April 20, 2015. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ANTHONY DEBONE, Chair ATTEST: ALAN UNGER, Vice Chair Recording Secretary TAMMY BANEY, Commissioner PAGE 1 OF 1 -RESOLUTION NO. 2015-024 (04/20115) Lacy Nichols From: Jeanine Faria Sent: Tuesday, April 07, 2015 5:07 PM To: Lacy Nichols Subject: FW: Imprest Accounts and Change Fund Attachments: 4943_001.pdf Dan is in agreement with this Resolution. The agenda and the resolution are in the Resolutions 2014-2015 file under Resolution No. 2015-xxx. Please finalize and get it on the Board's agenda. Thanks. Jeanine -----Original Message----­ From: Jeanine Faria Sent: Monday, April 06, 2015 4:43 PM To: Dan Despotopulos Cc: Wayne Lowry; Lacy Nichols Subject: Imprest Accounts and Change Fund Dan, Here is a draft of the resolution authorizing the changes in the Imprest Accounts and the Change Fund. Please review to verify that I've interpreted your memo correctly. As I mentioned in my voice mail, the resolution authorizing the temporary changes to the Checking and Change Funds will be done in conjunction with the creation of the Change Fund for the gates. Jeanine 541-385-1411 1