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HomeMy WebLinkAbout201-17 RESOLUTION113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 201-17 File Number: 2017-0520 FAYETTEVILLE RACE SERIES/SPECIAL EVENTS: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT TO INCREASE FUNDING FOR THE FAYETTEVILLE RACE SERIES BY THE AMOUNT OF $10,726.00 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of which is attached to this Resolution, to increase funding for the Fayetteville Race Series by the amount of $10,726.00. PASSED and APPROVED on 10/3/2017 Attest: Sondra E. Smith, City Clerk Tj tsrr*1,, ' CO •fir r� Sy �{R����.`�]1`'� �f fir i1iw�i+� Page 1 Printed on 1014117 City of Fayetteville, Arkansas 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Text File File Number: 2017-0520 Agenda Date: 10/3/2017 Version: 1 Status: Passed In Control: City Council Meeting File Type: Resolution Agenda Number: A. 7 FAYETTEVILLE RACE SERIES/SPECIAL EVENTS: A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT TO INCREASE FUNDING FOR THE FAYETTEVILLE RACE SERIES BY THE AMOUNT OF $10,726.00 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of which is attached to this Resolution, to increase funding for the Fayetteville Race Series by the amount of $10,726.00. City of Fayetteville, Arkansas Page 1 Printed on 101412017 John Crow Submitted By City of Fayetteville Staff Review Form 2017-0520 Legistar File ID 10/3/2017 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item 9/13/2017 PARKS & RECREATION (520) Submitted Date Division / Department Action Recommendation: Staff recommends approval of a budget adjustment in the amount of $10,726 for the Parks Development Fund 2250-9250 to increase funding for the Fayettevile Race Series/Special Events. Comments: Budget Impact: 2250.520.9250: -5200.00,-5200.05, Parks Development 5301.00 and -5315.00 Account Number Fund N/A N/A Project Number Project Title Budgeted Item? NA Current Budget $ 38,439.00 Funds Obligated $ 38,164.00 Current Balance $ 275.00] Does item have a cost? Yes Item Cost $ 11,001.00 Budget Adjustment Attached? Yes Budget Adjustment $ 10,726.00 Remaining Budget $ V20140710 Previous Ordinance or Resolution # Original Contract Number: Approval Date: Comments: CITY OF FAYETTEVILLE V14 ARKANSAS MEETING OF OCTOBER 3, 2017 TO: Mayor and City Council CITY COUNCIL MEMO THRU: Don Marr, Chief of Staff Connie Edmonston, Parks and Recreation Director FROM: John Crow, Recreation Superintendent DATE: September 14, 2017 SUBJECT: Budget Adjustment — Parks and Recreation Special Events RECOMMENDATION: Staff recommends approval to recognize and use excess revenue in the amount of $10,726 for remaining expenditures required in 2017 to hold the balance of the scheduled Special Events (Square 2 Square Bicycle Ride, Run for the Parks, CycloFrost Fayetteville, Frozen Toes 15K Trail Run). BACKGROUND: In 2015 the Parks and Recreation Department created the Fayetteville Race Series in order to add new and unique recreational opportunities to the current programming. Both residents and non-residents of Fayetteville have reacted positively and participation number continue to rise, especially the Square 2 Square Bike Ride. This collaborative event between the cities of Fayetteville and Bentonville is held twice annually on the Razorback Regional Greenway. The Spring of 2016 ride had 951 participants while the Fall Ride had 1,203. In 2017 there continued to be significant increases as well with the spring ride having 1,515 riders and the most recent fall ride on September 16`" having 1,794 riders registered. This significant increase in participation has inherently increased the expenditures of the events. DISCUSSION: Square 2 Square participation since the Spring 2016 ride has increased by 25%, 26% and 18% respectively. These significant increases have had a direct impact on the expenses for the events. Staff is requesting a budget adjustment of $10,726 to cover not only pending charges for event expenses, but the projected expenses for the remainder of the scheduled Special Events that include the Fall Square 2 Square Bike Ride, Run for the Parks, CycloFrost Fayetteville and the Frozen Toes Trail Run in January of 2018 (expenses incurred in late 2017). These additional expenses are more than covered by the increased revenue collected to -date (registration, donations, sponsorships) as compared to the budgeted amount. Mailing Address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 BUDGET/STAFF IMPACT: The Parks Development Fund (2250-9250) will be increased by $10,726 for pending expenses and projected expenses for the remainder of 2017. Excess revenue above budgeted should be recognized in order to cover these additional expenses. It should be noted that in addition to the registration, sponsorships and donation revenue collected, these event also impact the HMR revenues with by the participants utilization of Fayetteville hotels and resaurants. Attachments: Spreadsheet 00 rn o 00 u, 000000 00 0 Ln r'+ W o 0 0 0 0 0 O C71 N LOC m o O N 0 Ln en y r` o to r` o Oi 00 N aq n N C r-1 i/} in• i/� i/i I Vi N Vl- iA AA. N O Ln r-1 O O O O O O r` O N O O O O co C C m m 'tt O O O O Ln O ui lD r -I N N QJ O Ln 1- O N aj O 00 N M v '1 OJ '1 � j a Z v� a w . m oLn rn 1 0 m 0 000 0 O 'O � 'n `^ `1 m m ci r i m oo a, m m m m C of .21 o t/� V -Ln 0 0 0 0 0 00 Ln Ln Ln Ln _ Z o 0 0o o 0 Ln N Ln N Ln N LnZ N �"' Ln N 41 m Cl) 0) Ol p O O O O p O U N N N NU N u � LQ Ln � u Ln Q O O o O Q o N N N N N a V) a) LL 0 0 LL v O C VI L 0 f6 ro m :3 crM U L N a LL Q d4 u) N 41 \ — N S ullr L LL :3 O CL Q o ai �► cr N 4 - p \ U01 p 7 ra v Q v O C Q in a Q o v, t c O U Ln LA m Ln Z U 3 r. 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LL LL u o, o L a c 0 U Z U U V U a1 a aJ cu N O �+ O O O O a u u u u u v aJ o L z a n a z z z z a a a c 0 o_ a `°rz 0O Q ¢ Q O CD U �e v m v Q CL S] -0 - O t �O In O w O 76 OO U U O U O `� L" O U y= U U- U- U- a L.L a a H O QJ = = =5O N, W O' a' a' 0 O u c14 N N0 0 li C i L1 �1 6�J Li LL z ao N = co co ca a a o o Q >- o O LL Li LE a a - >.T l7 oC U LL U vI v1 U) W W U U City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar) Budget Year Division Adjustment Number /Org2 PARKS &RECREATION (520) 2017 Requestor: Alan Bearden BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: Request for approval to recognize and use some of the Special Events excess revenues received to date for remaining expenditures required in 2017 to hold scheduled Special Events (Square 2 Square Bicycle Ride, Run for the Parks, CycloFrost Fayetteville and the Frozen Toes 15K Trail Run). Participation numbers for these Special Events have continued to grow significantly each year and the related revenues and expenses have also grown accordingly. COUNCIL DATE: LEGISTAR FILE ID#: 10/3/2017 2017-0520 x"�+Vspr 9/15/2017 3:22 PM Budget Director Date TYPE: DESCRIPTION: C:\Users\losmith\AppData\Roaming\L5\Temp\1 c4928ff-f81 d-40dc-b392-19e81 168e2fa 1 of 1 GLDATE: RESOLUTION/ORDINANCE I POSTED: ,I TOTAL 10,726 10,726 v.20170707 Increase / (Decrease) Project.Sub# Account Number Expense Revenue Project Sub AT Account Name 2250.520.9250-5200.05 5,447 - EX Supplies - Tournament/Awards 2250.520.9250-5200.00 1,846 EX Supplies - Office/Printing 2250.520.9250-5301.00 (490) - EX Public Notification - 2250.520.9250-5315.00 3,923 EX Contract Services - : 2250.520.9250-4424.00 - 10,726 RE Summer Sports & Fitness - Base C:\Users\losmith\AppData\Roaming\L5\Temp\1 c4928ff-f81 d-40dc-b392-19e81 168e2fa 1 of 1