Title
Approval of Budget Amendment 27575402-03-10-14 appropriating Hotel/Motel Fund fund balance in the amount of $10,000 to reimburse the Roswell Convention and Visitor's Bureau (CVB) for the City's share of the 2013 Heirloom Holidays community event.
Finance
Body
Item Summary:
Mayor and Council approved City support of the 2013 Heirloom Holidays community event held December 6-8, 2013, in an amount not to exceed $10,000. This budget amendment will formally appropriate funding within the Hotel/Motel Fund to reimburse the Roswell CVB for the expenditures associated with the event.
Committee or Staff Recommendation:
On February 26, 2014 the Community Development and Transportation Committee recommended placing this item on the March 10, 2014 Mayor and Council Agenda.
Financial Impact:
Budget Amendment 27575402-03-10-14 authorizes the appropriation of $10,000 in Hotel/Motel Fund fund balance. Upon approval, funds will be available in Org 27575402 and Object 521201. A total of $570,694 in unrestricted fund balance will be remaining in the Hotel/Motel Fund.
Presented by:
Keith Lee, Finance Director