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HomeMy WebLinkAboutFAIR ADVANCEKITTITAS COUNTY BOARD OF COUNTY COMMISSIONERS RESOLUTION NO. 2019--______ Resolution Establishing Kittitas County Fair and Event Center Revolving Fund/Petty Cash Accounts WHEREAS, the Kittitas County Fair is August 29th through September 2rd, 2019 and; WHEREAS, The Kittitas County Event Center is sponsoring two events on June 29th and July 4th, and WHEREAS, the Kittitas County Fair needs a revolving fund/petty cash to start up the County Fair and for the special events, and; WHEREAS, the Board of County Commissioners authorize the County Auditor to authorize an advance of up to $25,000 to establish as revolving fund/petty cash. NOW, THEREFORE BE IT RESOLVED that an advance of up to $25,000 be established for the County Fair and Event Center from the General Fund. This account will allow immediate payment of premiums, and many other items needed during the period the fair and special events are being conducted without going through the formality of a warrant issue. NOW, THEREFORE BE IT FURTHER RESOLVED the $25,000 is to remain at that balance at all times: the money in the account and any receipts that have not been reimbursed. There will be no other monies other than the reimbursement deposited into this account. Invoices paid from this account will be reimbursed in a timely manner through the normal voucher run. All requirements apply except that a paid receipt or properly executed invoice voucher will not be required for premiums or prizes disbursed. A list of premium or prizes winners, supplemented by entry record and certified by the Fair board will suffice to evidence expenditures for this purpose. Any single payment to a specific vendor of $600 or more shall be issued by a separate voucher and is not to be paid from this revolving fund, to meet IRS requirements. At the end of the County Fair period, or within 60 days thereafter, the revolving fund/petty cash shall be closed and the authorized amount shall be remitted to the county auditor, which will be before November 1st, 2019. APPROVED this 18th, day of June, 2019. BOARD OF COUNTY COMMISSIONERS KITTITAS COUNTY, WASHINGTON _____________________________ Chairman _____________________________ Vice-Chairman _____________________________ Commissioner ATTEST _____________________________________ Clerk of the Board/Deputy Clerk of the Board Kittitas County Board of County Commissioners Agenda Staff Report Agenda Date: June 18th, 2018 Action Requested: Request the Board approve the Resolution authorizing $25,000 for advance funds for the County Fair and sponsored events. Background: Each year the Board of County Commissioners authorizes an advance for the County Fair in the amount of $25,000. Also in 2019, the Event Center is sponsoring two events which will be in need of the advance funds, also. These funds are used to set up the till accounts and to pay the premiums after the fair. The $25,000 has to be paid back by November 1st, 2019. Recommendation: Request the Board sign the Resolution authorizing the $25,000 advance funds for the County Fair and Event Center. Handling: Original to Judy Pless Attachments: Resolution authorizing $25,000 for the County Fair Lead Staff Judy Pless – Budget & Finance Manager Kittitas County Auditor’s Office