HomeMy WebLinkAbout2005 04 25 Consent 200, Supplemental Appropriation from General Fund Reserve for Tree Lighting & Philharmonic concert
COMMISSION AGENDA
ITEM 200
Consent
Informational
Public Hearing
Regular
x
04/25/05
Regular Meeting
Mgr. / Dept.
A uthorizati on
REQUEST:
The Finance Department and Parks and Recreation Department are
requesting that the City Commission approve a Supplemental
Appropriation from General Fund Reserves in the amount of $9,930 to
cover the budget short fall for the Christmas Tree Lighting and
Philharmonic Concert at the Park.
PURPOSE:
The purpose of this item is to request a Supplemental Appropriation from
General Fund Reserve in the amount of $9,930 to cover the budget shortfall
for the Philharmonic Concert and Tree Lighting Ceremony.
CONSIDERA TIONS:
The Commission requested staff to acquire as many donations as possible to offset the city cost
of the Tree Lighting and Concert in the Park Events. Staff received pledges of donations in the
amount of$15,000 for the Tree Lighting and Concert Ceremony. The following itemizes those
donations as well as the budget increases that have been authorized thus far:
Concert
Tree Lighting
Seminole County
Seminole Arts Council
Holler KIA
JDC
Centex
$5,000
1,000
1,250
3,000
500
Supplemental Approp.
Holler Kia
Line Code Transfer (54800)
JDC
$ 4,000
1,250
2,000
3,000
Total
$10,750
Total
$10,250
Actual final expenses for the two events:
Concert Tree Li2htin2 Total
Actual Expenses $ 18,300 $ 12,630 $ 30,930
Donations & Other Funding $ 10,750 $ 10,250 $ 21,000
Total Amount Needed $ 7,550 $ 2,380 $ 9,930
Revenue neutral budget amendments were made to increase the promotional expenditure budget
by an amount equal to donations received ($15,000). $2,000 was originally budgeted for the
event and $4,000 in supplemental appropriations was previously authorized (11/1104 Regular
#502). This supplemental appropriation will complete the budget increases necessary to fully
fund the Tree Lighting and Concert Event.
FUNDING:
Supplemental Appropriation from Fund Balance (General Fund) to the following accounts:
7260-54800-90300 (Concert) $ 7,550
7260-54800-90200 (Tree Lighting) $ 2,380
RECOMMENDATIONS:
The Parks and Recreation Department is recommending that the City Commission
approve a Supplemental Appropriation from General Fund Reserves in the amount of
$9,930 to cover the final expenses of the Holiday Tree Lighting and Concert in the Park
Events.
IMPLEMENT A TION SCHEDULE:
NIA
A TT AcHMENTS:
COMMISSION ACTION: