Laserfiche WebLink
City of Centerville <br />Park & Recreation Committee <br />August 7, 2019 <br /> The paddle event had the same numbers as in 2018; <br /> Invite Mr. Pat Branch to attend a P & R meeting, if he is available, to have a final <br />re-cap. <br /> <br />2. 19-011 Water Ski Shows - Update <br /> The Thursday evening shows are well attended. <br /> Food vendors – unable to secure a commitment, without a significant guaranteed <br />minimum income, for the last 3 shows. <br /> Having food vendors, a mini farmer’s market, a craft fair, etc. are something that <br />could be developed for 2020, for all or some of the water ski shows. <br /> Will need to develop a budget for this and also additional marketing. <br /> Taking some photos of the event would be helpful to show to potential vendors. <br /> Mr. Statz will look into other options <br /> This item will be tabled to January, 2020 (19-014) <br /> <br /> V. NEW COMMITTEE BUSINESS <br /> <br />1. 2020 Budget Review <br />a. Operational P & R Budget Review <br /> The Committee reviewed the July, 2019 budget and discussed moving the <br />P & R reserve amount of $500 to the Park Capital Fund. <br /> Mr. Statz will prepare a preliminary 2020 budget to be presented at the <br />September P & R meeting. <br /> b. Park Capital Fund Review <br /> This fund is to be used for capital expenses i.e. development of new parks, <br />new park equipment, etc. <br /> Any Park related maintenance is taken from the General Fund. <br /> The staff made the following three (3) recommendations that the P & R <br />Committee ask the City Council to do the following: <br /> Make a one-time payment from the General fund, fund balance (or the <br />General fund Capital Fund) to the Sewer Fund in the amount of the <br />accrued interest since the 2010 resolution establishing the inter-fund loan <br />($103,564.29) <br /> In 2019 and moving forward, pay the interest on the principal balance for <br />the inter-fund loan from the General Fund, as detailed in the loan <br />resolution, until such time as there are sufficient PDS’s to make both <br />principal and interest payments per the schedule. <br /> After applying the recent paid PDF’s to the principal on the Sewer Fund <br />loan, leave the remaining balance in the Park Capital Project Fund to be <br />Page 2 of 5 <br /> <br /> <br />