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Colton City Council Meeting <br />May 3, 2005 <br />Colton Cares Program Disposition <br />(page 2) <br />FINANCIAL IMPACT: <br />Selection of the first option noted above would have a financial impact to the General Fund in an <br />amount roughly equal to $150,000. This amount would be transferred from the General Fund to <br />the Childcare Fund in order to close the financial gap in the Colton Cares budget. Selection of the <br />second option (closing the program) will have a minimal financial impact on the City. The lease on <br />the Colton Cares facility runs through September, 2005. Honoring this lease will cost the City an <br />additional $12,600, which would need to be budgeted for fiscal year 2005-06. <br />ENVIRONMENTAL IMPACT: <br />None <br />CONFLICT OF INTEREST: <br />None <br />RECOMMENDATION: <br />Staff recommends that City Council approve the closure of the Colton Cares facility, effective at <br />the conclusion of the current fiscal year, 2004-05. Staff feels as though this decision, while <br />regrettable, is the responsible decision, in the best interest of the City. <br />PREPARED BY: Bill Smith, Community Services Director <br />REVIEW TEAM ONLY <br />City Attorney: Finance Director: <br />City Manager: OTHER: _ <br />