Ord 08-55
Ord 08-55
CITY COMMISSION AGENDA 2
- Meeting Date:
- 12/17/2008
- Title:
- Budget Amendment to Increase Funding for Bayou Golf-Pro Shop Inventories
- Submitted For:
- Cheryl Hunter
- Submitted By:
- Cheryl Hunter, Finance
- Department:
- Finance
ACTION REQUEST (Brief Summary)
Consider approval of ordinance to amend the City of Texas City's fiscal year 2008-09 Budget.
BACKGROUND
A budget amendment is needed to provide additional funding needed to stock and carry inventories for the Bayou Golf-Pro Shop. During the 2008-09 budget workshop, Larry Boyle originally requested an additional $20,000 for the Pro Shop inventories, the account was not adjusted in the final adoption of the budget. The expense of the Pro Shop inventories is offset by the revenues recieved from sales. Inventory items include but not limited to, hats, balls, tees, gloves, bags, shirts, towels and socks. Calculated prices for items include recouping costs and a profit margin.
ANALYSIS
The following budget amendment is needed to provide additional funding for Bayou Golf-Pro Shop inventories:
| General Fund:(101)-Bayou Golf (403): | |
| 101-403-52780-Misc. Materials & Supplies |
$20,000 |
| 101-000-79999-Undesignated Budget Balance |
<$20,000> |