CASPER, Wyo. — On Tuesday, the Casper City Council voted 7–0 to authorize the creation of two new funds that aim to help with the tracking of some City of Casper revenues and expenditures. Councilors Brandy Haskins and Michael Bond were absent from Tuesday’s meeting.
The City Council authorized the creation of both a new Athletics Fund and a new One Cent No. 17 Fund.
The Athletics Fund will be a recreational enterprise fund used to track revenues and expenses specifically related to athletic programs. Such financials were previously tracked as part of the overall General Fund, a memo from Casper Financial Services Director Jill Johnson stated.
“While there is an ability to create specific accounts for revenues and expenses related to Athletics in the General Fund, to have a separate fund would also segregate assets and liabilities and provide a transparent view of the activity,” Johnson’s memo continued. “For financial statement presentation, this fund would be combined with other recreation-type enterprise funds.”
The One Cent No. 17 Fund will be a Capital Projects fund used to track One Cent No. 17 revenue and expenses. Natrona County voters authorized the renewal of the countywide 1% optional sales tax for another four years during the 2022 General Election. The One Cent No. 17 Fund will specifically track the City of Casper’s share of revenues during the four-year cycle of the tax and how the city expends that funding.
“Segregating the transactions specifically related to 1%17 will allow for transparent tracking of the 1%17,” Johnson’s memo stated. “For financial statement presentation, this fund would be combined with other capital project governmental funds.”
The full memo is as follows: