Title
A Resolution to Amend Resolution 15-2394
Summary
Description of Topic: (who, what, where, when, why and how much) Resolution 15-2394 incorrectly showed the BP Gulf Tourism and Seafood Promotional Fund Award to be a Capital Project. This resolution will move the Award activity from the Capital Projects Fund to the General Fund with an increase in revenue equal to the increase in expense, net affect of zero.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
_x___ Not budgeted requiring increase to revenue account #01-4984 (BP Gulf Tourism Award) and expense account 01-625-5210 (Marketing-Advertising/Printing expense) in the amount of $37,720. Net affect to General Fund budget of zero.
Capital - Departmental
____ Budgeted under account #______________ for $___________ and described in budget as __________________________________.
Additional amount needed, if any: Increase in budget of $_____________ OR, transfer of $___________ from Account #____________ to Account #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_____ Yes, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, Resolution 15-2394 accepted a BP Gulf Tourism and Seafood Promotional Fund Award of $37,720, and
WHEREAS, the funds will be spent by the Marketing Division for Advertising within the General Fund and not on a capital project in the Capital Projects Fund.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Amends the Account Numbers in Section 3 of resolution 15-2394 from Grant Revenue Account No. 12-5814 to 01-4984 and from Expense Account 12-665-7309 to 01-625-5210.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.