HomeMy WebLinkAbout2026 ICE RINK FACILITY CONTRIBUTED ASSET BUDGET AJEBUDGET ADJUSTMENT REQUEST FORM
Dept:Fiscal Year Affected:2026
Expense Accounts to Receive Increased Budget:
Account:01449-5771 Amount:5,144,000 Name:CONTRIBUTED ICE RINK FACILITY-EXP
Account:Amount:Name:
Account:Amount:Name:
TOTAL:5,144,000
Accounts Where Budget is Coming From:
Account:01449-3778 Amount:5,144,000 Name:CONTRIBUTED ASSET-ICE RINK-REV
Account:Amount:Name:
Account:
TOTAL:5,144,000
Net Expense less Revenue - (This must be zero)
Coming From:Contingency:put back into contingency to carryover
Other Expense:
New Revenue:5,144,000
TOTAL INCREASE 5,144,000
Reason for the Increase:
Signed:
Dept Head:Date:
CFO:Date:
Balance of Contigency Before Above Request:
Mayor:Date:
Approved by the City Council (*if necessary) on this Date:
*City Council approval required if:
1)$10,000 or more is taken from Contingency
2)$50,000 or more is a change in a Capital Purchase
3)New Full-time Regular personnel positions
4)Additional Full-time Regular personnel
5)New Types of Major Programs
books and this budget adjustment will make it so the city is not over budget for this contribution.
The Neutral Zone Ice Rink Facility was donated to the City of Rexburg on 12-31-25.
The appraisal performed on 12-31-25 by Mark Liebel Appraisal Services showed a final opinion of
RECREATION-ICE RINK
value for the facility located at 52 W 2nd N at $5,144,000.
The GASB rules require the city to post a revenue and expense to show the contributed asset in the