ROSWELL NEW MEXICO
AGENDA ITEM ABSTRACT
AGENDA ITEM ABSTRACT
Item No. 6.
Regular City Council Meeting
- Meeting Date:
- 08/13/2026
COMMITTEE:
Finance
CONTACT:
Tammi Smith
CHAIR:
Kurt Gass
ACTION REQUESTED:
Approval of a budget adjustment in the amount of $48,000.00 to establish funding for the Top Flight Tavern. (Gass/Sanchez)
BACKGROUND:
Initiated by Michelle Sanchez
The Air Center is requesting a budget adjustment to establish funding for the Top Flight Tavern. During the preparation of the FY27 budget, funding for the Tavern's startup and operational expenses was inadvertently omitted. Approval of this budget adjustment will provide the necessary appropriations for equipment, supplies, inventory, and other operating expenses. Although projected revenue of $48,000.00 was included in the FY27 budget, the corresponding expenditure appropriation was not.
The Air Center is requesting a budget adjustment to establish funding for the Top Flight Tavern. During the preparation of the FY27 budget, funding for the Tavern's startup and operational expenses was inadvertently omitted. Approval of this budget adjustment will provide the necessary appropriations for equipment, supplies, inventory, and other operating expenses. Although projected revenue of $48,000.00 was included in the FY27 budget, the corresponding expenditure appropriation was not.
FINANCIAL CONSIDERATION
Financial Impact (Revenue & Expense): Budget Adjustment Needed
Expense: 51004332–781020 COS-Food & Beverage Expense — $48,000.00
The requested adjustment is necessary because these expenditures were not included in the FY27 budget. This budget adjustment of $48,000.00 will establish the necessary appropriation to fund the startup and operating expenses required to open and operate the Top Flight Tavern. The Tavern is anticipated to generate revenue through food and beverage sales once operations begin. Although projected revenue of $48,000.00 was included in the FY27 budget, the corresponding expenditure budget was inadvertently omitted. Approval of this adjustment will align the expenditure budget with the anticipated revenue.
Expense: 51004332–781020 COS-Food & Beverage Expense — $48,000.00
LEGAL REVIEW:
No legal review at this time.
BOARD AND COMMITTEE ACTION:
The Finance Committee recommended approval 4-0 at its meeting on Monday, August 10, 2026.
STAFF RECOMMENDATION:
Proceed as presented.