(9)(b)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 09/04/2019
- Title:
- Amend fiscal year 2018-2019 budget
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Consider and take action on Ordinance No. 19-24, amending the City's fiscal year 2018-2019 budget to appropriate additional funds for Doyle and Nessler Center Restrooms Project. (Finance)
BACKGROUND
Total winning bid amount of $349,800.00 from Enterprise Builders, LLC is more than the original budgeted estimate for this project. Therefore a budget amendment is required to cover the additional amount. Funding will come from the Hotel-Motel Occupancy Tax Fund unassigned fund balance.
ANALYSIS
Budget Amendment:
Hotel-Motel Occupancy Tax Fund (Fund 201):
Land and Building Improvements $201,000.00
Unassigned fund balance ($201,000.00)
Hotel-Motel Occupancy Tax Fund (Fund 201):
Land and Building Improvements $201,000.00
Unassigned fund balance ($201,000.00)