Title
Approval of Budget Amendment 10015850-06-25-12 to increase the FY2012 Approved Revenue budget by $228,000, increase the FY2012 authorized Use of Reserves by $454,324 and increase the FY2012 Approved Expenditure budget by $332,324.
Finance
Body
Item Summary:
Confiscated Assets Fund:
· Recognition of $28,000 in additional Confiscated Assets revenue.
· Recognition of $28,000 in additional Confiscated Assets Fund expenditures for rental of vehicle for HIDTA, an increase in software license renewals and maintenance for forensic tools, and an increase in Lieutenant and Sgt. Assessment Centers (Confiscated Assets Fund).
Recreation Participation Fund:
· Recognition of $200,000 in additional Recreation Participation Fees (Pool, Athletics, Dance, General Programs).
· Recognition of $200,000 in additional Recreation Participation expenditures (Recreation Supplies, Seasonal Employees, Instructor Fees, Contract Services).
Hotel/Motel Fund:
· Allocation of $4,324 of Hotel/Motel Fund, fund balance. After approval the estimated available Hotel/Motel Fund, fund balance will be $879,817.
· Recognition of $4,324 in additional Hotel/Motel Fund expenditures for the replacement of four computers in the CVB office and Act Software upgrade for mailing list.
· Approval to appropriate FY 2012 budgeted contingency funds in the amount of $9,000 to the Historic Roswell Convention and Visitors Bureau (itemized memo attached).
Worker’s Compensation Fund:
· Allocation of $100,000 of Worker’s Compensation Fund, fund balance. After approval the estimated available Worker’s Compensation Fund, fund balance will be $2,788,937.
· Recognition of $100,000 in additional workers compensation expenditures for escrow payments for claims in transit (Worker’s Compensation Fund).
Debt Service Fund:
· Allocation of $350,000 of Debt Service Fund, fund balance. After approval the estimated available Debt Service Fund, fund balance will be $1,169,379.
Committee or Staff Recommendation...
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