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10.
Regular City Council
Meeting Date:
02/26/2024
Initiator:
Jennifer Sharp, Admin II
Department:
City Clerk
Staff Information Source:
Information
AGENDA ITEM TITLE:
Approval of a request from the Roxy Theater for a one-time supplemental appropriation for operating expenses of $35,000.00, or take other necessary action. (Mike Miller)
BACKGROUND:
In September 2023, the City Council passed a matching grant policy, allocating that funding specifically for state, tribal and federal grant matches. This policy change negatively impacts the budget of the Roxy Theater mid-year, as they had budgeted for matching funds from non-grant sources from the City of Muskogee. The Roxy's contracted management company has requested a one-time supplemental appropriation for the current FY2024 budget since the matching grant fund changes happened mid-year, and after they had approved their annual budget. The Roxy's management company says they are in the process of applying for state, tribal and federal grants that would qualify for the match, but the time horizon for those grants is from 12 to 36 months.
RECOMMENDED ACTION:
Approve the request.
Fiscal Impact
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