Agenda Item # 10.c.
City Commission Regular Meeting
- Meeting Date:
- 01/17/2017
- Re
- Funding Request for Golf Course and Sunrise Theatre
- Submitted For:
- Johnna Morris
SUBJECT:
Approve transfers of $170,000 to address the Golf Course funding shortage and $156,000 to Sunrise Theatre's shortage.
SUMMARY:
During the presentations of the monthly financial reports Commission has been made aware of the funding shortage in the Golf Course and Sunrise Theatre and the need to transfer funds. The Golf Course will need $170,000 to address the negative cash balance in the fund and Sunrise Theatre $156,000.
RECOMMENDATION:
Transfer $326,000 from the General Fund to address the shortages in Golf Course Fund and Sunrise Theatre Fund.
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:
- 2017
- Amount:
- $326,000
OTHER INFORMATION:
Funds to be transferred from General Fund's fund balance. This transfer will reduce General's surplus funds that are not currently budgeted to be used as operating expenditures.
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Finance Department | Johnna Morris | 01/06/2017 04:42 PM |
| City Manager | Nick Mimms | 01/11/2017 11:31 AM |
- Form Started By:
- qthompkins
- Started On:
- 01/06/2017 04:22 PM
- Final Approval Date:
- 01/11/2017