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1 TOWN OF PAHRUMP RESOLUTION NO. 2018-08 2 A RESOLUTION TO AUGMENT AND AMEND THE 2018-20 19 BUDGET OF THE TOWN OF PAHRUMP, COUNTY OF NYE, STATE OF NEVADA 3 4 WHEREAS, certain unanticipated sources of revenue and fund balance previously unbudgeted 5 have become available to the Town of Pahrurnp during the 2018-19 budget year as follows: 6 Fund No. Name Amount 25221 Golf Course Enterprise Fund Room Tax $200,000 8 Golf Fees $230,000 Misc Income $8,500 Operating Transfer In $440,000 10 TOTAL ALL FUNDS $878,500 11 12 NOW, THEREFORE, this Board hereby resolves to augment the 2018-2019 Town of Pahrump 13 budget by appropriating the amount referenced above and by making such other budget amendments as 14 have been determined necessary and in accordance with NRS 3 54.598005. Said budget augmentation 15 and appropriation, as well as budget amendments are reflected on the schedules attached to this 16 resolution and by reference are made a part hereof. 17 PASSED, ADOPTED, AND APPROVED the 27th day of June, 2018. 18 AYES: NAYES: 19 Koenig None 20 Schinhofen 21 Borasky 22 Cox 23 24 Absent: 25 Wichman Resolution 2018-08 Augment the 2018-2019 Budget of the Town of Pahrump ---PAGE BREAK--- 1 NYE COUNTY ATTEST: BOARD OF COUNTY COMMISSIONERS: 2 Sanra L.Mer1ino, Nye County Clerk And Ex-Officio Clerk of the Board 5 III 6 I/I 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Resolution 2018-08 Augment the 2018-2019 Budget of the Town of Pahrump ---PAGE BREAK--- Operating Income or (Loss) NONOPERATING REVENUES: Grants Interest Miscellaneous Income Grants/Subsidies To Be Obtained Gain from the Sale of Fixed Assets (448,500) 500 8000 (448,500) 500 8,000 PROPRIETARY FUND Lakeview Golf Course Enterprise FINAL BUDGET REVISIONS REVISED BUDGET OPERATING REVENUE: - Room Tax 200,000 200,000 Golf Fees 230,000 230,000 OPERATING REVENUE SUBTOTAL - 430,000 430,000 OPERATING EXPENSES: Salaries and Wages 200,000 200,000 Employee Benefits 150,000 150,000 Services and Supplies 293,500 293,500 Capital Outlay 200,000 200,000 Bad Debts - Depreciation/Amortization 35,000 35,000 OPERATING EXPENSE SUBTOTAL - 878,500 878,500 NET INCOME - - - Transfer in from Airport Room Tax Fund 25225 Total Non-oDeratinri Revenues NON-OPERATING EXPENSES: Total Non-operating Expenses Net Income (loss) Before Operating Transfers Operating Transfers (Schedule Out - to General Fund Net Operating Transfers 440,000 448,500 440.000 448,500 (Local Government) Town of Pahrump FY19 - FUND - Lakeview Golf Course Fund - 25521 REVISED SCHEDULE F-i REVENUES, EXPENSES AND NET INCOME Page 1 ---PAGE BREAK--- PROPRIETARY FUND FINAL BUDGET REVISIONS REVISED BUDGET A. CASH FLOWS FROM OPERATING ACTIVITIES: Cash Received from customers - 430,000 430000 Cash paid for salaries & employee benefits - (350,000) (350,000) Cash paid for services and supplies - (293,500) (293,500) Cash paid for capital (200,000) (200,000) a. Net cash provided by (or used for): operating activities - (413,500) (413,500) B. CASH FLOWS FROM NONCAPITAL FINANCING_ACTIVITIES: Miscellanceous - 8,000 8,000 Grants - Nye County - - - Operating transfer in - Net - 440,000 440000 b. Net cash provided by (or used for): noncapital financing activities - 448,000 448,000 C. CASH FLOWS FROM CAPITAL RELATED_FINANCING_ACTIVITIES: Purchase of fixed assets - - - Proceeds from sale of fixed assets - - c. Net cash provided by (or used for): capital and related financing activities - - - D. CASH FLOWS FROM INVESTING ACTIVITIES: Interest - 500 500 d. Net cash provided by (or used in): investing activities - 500 500 CASH AND CASH EQUIVALENTSATJULY1, 2OXX - Non - Restricted_Cash Restricted_Cash CASH AND CASH EQUIVALENTS AT JUNE 30, 2OXX - 35,000 35,000 NET INCREASE (DECREASE) in cash and cash equivalents (a+b+c+d) 35,000 35,000 (Local Government) Town of Pahrump FUND -FYi Lakeview Golf Course Fund - 25521 FY19 - REVISED SCHEDULE F-i REVENUES, EXPENSES AND NET INCOME Page 2