REPORT/RECOMMENDATION TO THE BOARD OF SUPERVISORS
OF SAN BERNARDINO COUNTY
AND RECORD OF ACTION
February 8, 2022
FROM
BEAHTA R. DAVIS, Director, Regional Parks Department
SUBJECT
Title
Budget Adjustments for Lake Gregory Capital Investment Fund
End
RECOMMENDATION(S)
Recommendation
Authorize the Auditor-Controller/Treasurer/Tax Collector to post the budget adjustments, as detailed in the Financial Impact section, to the Regional Park's 2021-22 Lake Gregory Capital Investment Fund budget to reflect the utilization of Available Reserves in the amount of $248,789 to fund capital investment projects at Lake Gregory Regional Park (Four votes required).
(Presenter: Beahta R. Davis, Director, 387-2340)
Body
COUNTY AND CHIEF EXECUTIVE OFFICER GOALS & OBJECTIVES
Operate in a Fiscally-Responsible and Business-Like Manner.
FINANCIAL IMPACT
Approval of this item will not result in the use of Discretionary General Funding (Net County Cost). Regional Parks Department (Department) would like to utilize Available Reserves in the amount of $248,789 from the Lake Gregory Capital Investment Fund (2751) to partially fund a $398,788.36 payment to Lake Gregory Community Recreation Company (LGCRC) for capital improvement projects. There is currently $150,000 already budgeted for fiscal year 2021-22. Therefore, the Department is requesting the following budget adjustments:
Fund Center
Commitment Item/GL Account
Description
Action
Amount
6520002751
37008880
F/B Res - Available Reserves
Decrease
$248,789
6520002751
52002135
Special Dept Expense
Increase
$248,789
BACKGROUND INFORMATION
On February 9, 2021 (Item No. 57) the Board of Supervisors (Board) approved Operations and Management Agreement No. 21-117 with LGCRC for the daily operations at Lake Gregory Regional Park (Park). On this same item, the Board approved appropriation and revenue adjustments in the amount of $1.65 million for the creation of the Lake Gregory Capital Investment Fund. The fund ...
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