File #: 23-463   
Status: Agenda Ready
File created: 3/23/2023 In control: Clark County Board of Commissioners
On agenda: 4/4/2023 Final action:
Title: Approve, adopt, and authorize the Chair to sign a resolution establishing an internal service fund County Parking (6830). (For possible action)
Attachments: 1. Staff Report, 2. create Fund 6830 County Parking

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Jessica L. Colvin, Chief Financial Officer  

Recommendation: 

title

Approve, adopt, and authorize the Chair to sign a resolution establishing an internal service fund County Parking (6830). (For possible action)

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FISCAL IMPACT:

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Funded PGM/Grant:

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Additional Comments:

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BACKGROUND: 

In 1983, the Clark County Board of County Commissioners created an enterprise fund - Public Parking Fund (5380) - to account for the collection of parking fees and recording of expenses associated with the operation of the County's parking garage at Bridger and Casino Center.  At the time, the County's parking garage had ample available spaces.  The unused spaces were leased out to the public to generate revenue that could be used to partially support a portion of the cost of operating the garage.  Over the past forty years, County operations in the downtown area have grown to a point that the parking spaces previously leased out are now needed for current employees. 

Since the garage will no longer operate as an enterprise, financial guidelines require that we now account for the costs associated with the operation of this function, as well as any other parking facilities or lots operated by the County for the use by its employees, as an internal service fund. 
 
This newly created internal service fund will be established so that the County may bill internal Departments for costs that are associated with employee parking.  This fund will become effective July 1, 2022.