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Item No:                    3C.

 

Meeting Date:           August 1, 2013

 

From:                          Raymond S. Sharp, Interim City Manager

 

Subject:                      Approve allocation of $50,000 of excess funds in Workman’s Compensation fund for recreation projects

 

 


Staff Recommendation:

Staff recommends approval to allocate $50,000 of excess funds in Workman’s Compensation fund for recreation projects in FY 2014.

 

Analysis:

Staff has evaluated the availability of excess funds in the Workman’s Compensation fund and determined that $50,000 is available for allocation to other uses.  Staff recommends that the excess funds be allocated in the FY 2014 budget for various recreation projects.

 

Options:

1.  Approve the allocation of $50,000 of excess funds in the Workman’s Compensation fund for use for recreation projects; or,

2.  Such alternative action as the Commission may deem appropriate

 

Fiscal Impact: 

If approved, the FY 2014 budget will reflect this allocation, with no adverse impact to the Workman’s Compensation fund.

 

Submission Date and Time:    7/31/2013 5:28 PM____