Agenda Item # 9.i.
City Commission Regular Meeting
- Meeting Date:
- 10/20/2014
- Re
- Sunrise Theatre Funding Request
- Submitted For:
- Gloria Johnson
SUBJECT:
Approval to transfer $150,000 from FPRA to Sunrise Theatre to fund operations for FY 2014.
SUMMARY:
During the budget process, the Commission was made aware of the shortfall in Sunrise Theatre funding and the possible need to transfer funds. The Sunrise Theatre will need $150,000 additional financial assistance to finalize its operations for the remainder of the 2014 fiscal year.
RECOMMENDATION:
Transfer $150,000 from FPRA to contribute to the Sunrise Theatre budget
ALTERNATIVES:
The Commission can allocate an amount they deem appropriate.
RESPONSIBLE STAFF:
Finance Director
COORDINATED WITH:
N/A
Fiscal Impact
- Budgeted Y/N:
- N
- Fiscal Year:
- 2014
- Account:
- Amount:
- $150,000
OTHER INFORMATION:
The fiscal impact is that FPRA transfers out $150,000 . The Sunrise Theatre receives an additional $150,000 to aid in its operations.