CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
Petitioner:
Jessica L. Colvin, Chief Financial Officer
Recommendation:
title
Approve and authorize the Chair to sign a resolution to reduce the amount of the outstanding change bank used by the Department of Comprehensive Planning. (For possible action)
body
FISCAL IMPACT:
Fund #:
1010.000
Fund Name:
General Fund
Fund Center:
1090741000
Funded PGM/Grant:
N/A
Amount:
$250
Description:
Reduce balance in the Change Bank to $150
Additional Comments:
There is no fiscal impact as it is simply a reclassification of cash within the Fund.
BACKGROUND:
On August 15, 1989, the Board of County Commissioners of Clark County, Nevada, approved the establishment of a change bank in the amount of $200.00 for the Department of Comprehensive Planning. The purpose of this change bank was to allow the Department to make change for cash paying customers. On July 6, 2004, the Board of County Commissioners of Clark County, Nevada, approved a $50 increase in the amount held in the change bank for a total of $250.Since the number of customer transactions involving cash has diminished over the years, the Department no longer feels that it needs to maintain the current $250 balance in the change bank and would request the reduction to $150. Appropriate adjustments will be made to the general ledger for the returned funds.