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E.
Topics of Discussion  
Council Work Session
 
Meeting Date:
12/07/2021
Supplemental Appropriations
Submitted By:
Jim Bell
Department:
Division:
Accounting
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
11/16/2021 and 12/07/2021
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
Agenda Item Description or Legislation Title
Supplemental Appropriations
Purpose and Background
The supplemental appropriations are for the following purposes:
- $200,000 transfer from Gasoline Tax Fund to Carriage Trails Infrastructure Fund for Windbrooke Sect. 3-2 infrastructure.
- $100,000 for the Jonetta Street pump station and sanitary sewer extension.
- $38,580 advance from Gasoline Tax Fund for new debt service payment.
- $20,093.47 transfer for issuance costs with new debt service (RMC and Vet Mem).
- $3,061,807.48 transfer from Shuttered Venue Operators Grant Fund to Parks & Rec Fund for reimbursement of Rose Music Center operational expenses in 2020 and 2021.
- $2,708,246.56 transfer from Shuttered Venue Operators Grant Fund to 4 Funds for reimbursement of Rose Music Center debt service in 2020 and 2021.
- $24,950 for property demolitions and brush/overgrowth removal.
- $24,000 additional for the Comprehensive Development Plan (original budget was $96,000).
- $5,000 for art student scholarships (matched by T-Mobile donation).
- $161,486 to cover the differences in Aquatic Center revenues and expenses.
- $26,830 reduced Music Center personnel expenses.
- $62,356 reduced Music Center operations expenses.
- $69,853.59 for LED boards at Rose Music Center (final payment).
- $20,093.47 transfer for issuance costs with new debt service (RMC and Vet Mem).
- $16,080 for return of fire insurance deposit (matched by the deposit).
There is a supplemental appropriations ordinance pending at the second reading for the December 13, 2021 City Council Meeting. The recommendation of the Finance Director would be to amend the pending ordinance at the December 13, 2021 City Council Meeting to replace the pending ordinance with this ordinance.
Fiscal Impact
Source of Funds:
Various Funds
Cost:
$529,683.59
Recurring Cost? (Yes/No):
No
Funds Available in Current Budget? (Yes/No):
Yes
Financial Implications:
Attachments
Ordinance
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