CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Jessica L. Colvin, Chief Financial Officer |
Recommendation:
title
Ratify the Chair to sign a resolution authorizing an increase of the Recreation Fund revolving change bank account from $6,000 to $6,500 for the Department of Parks and Recreation. (For possible action)
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FISCAL IMPACT:
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Fund #: |
5450.000 |
Fund Name: |
Shooting Complex |
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Fund Center: |
1280120115 |
Funded PGM/Grant: |
N/A |
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Amount: |
$6,500 |
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Description: |
Increase a revolving change bank |
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Additional Comments: |
Funds used to increase this account will come from the Shooting Complex Fund. There is no direct fiscal impact as it is simply a restatement of cash in the Shooting Complex Fund (5450) |
BACKGROUND:
NRS 354.609 requires the adoption of a resolution to establish a revolving change bank.
The Shooting Complex revolving change bank account was originally created on December 1, 2009, to provide change for customer transactions. As transaction volume increased, the account limit was raised to $4,000 on August 17, 2010, and later increased again to $6,000 on June 19, 2012.
This revolving change bank account supports the daily operations of the Shooting Complex by ensuring sufficient funds are available to make change for customers during events, programs, and general facility use.