Title
Resolution transferring funds from Capital Projects to Capital Purchase Account and appropriating funds for the purchase of portable volleyball net system for the Foley Event Center.
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Foley Sports Tourism has entered into a relationship with the Sun Belt for the next 10 years for a volleyball championship. Part of the agreement was to provide an Olympic caliber volleyball floor, which also requires a portable collegiate volleyball net system. This court and net system will be used to attract other college level volleyball events. The budgeted funds were mistakenly placed in the Capital Projects Fund and need to be reallocated to Capital Purchases in the General Fund. We are asking to allocate $15,000, but expect to come in under $15,000. The Capital Account Number will be 100-5040-5100 Event Center Volleyball Net System. The $15,000 will be transferred from account 100-8000-8020 and remove the request for $15,000 for account 400-1012-4810.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $_15,000_________ from Account #_100-8000-8020 to Account #_100-5040-5100__.**Request to Transfer Departmental Budget Dollars form must be attached**
____ Not budgeted requiring increase to account #___________ in the amount of $____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital - Departmental **Capital Purchase Worksheet form must be attached**
____ 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 #_____________**Request to Increase OR Request toTransfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #____________ requires budget increase of $_____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital Project - **If requesting to start a project, a Capital Project Worksheet form must be attached**
In current year Capital Projects Plan:
__X___ Yes, described as _Volleyball Net System______, planned amount $_15,000__, requesting $_$15,000__ as total project estimate, including contingencies, under account #_100-8000-8020___
____ No
_____ No, requesting an increase of $___________ to an already approved project titled ________________________ that is being tracked under Account No. ___________________.
Body
WHEREAS, the Foley Event Center is need of portable Volleyball Net System to meet contractual obligations,
WHEREAS, Foley Sports Tourism budgeted $15,000 in the Capital Projects Fund for the Volleyball Net System,
WHEREAS, the Volleyball Net System is a Capital Purchase from the General Fund,
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Transfers $15,000 for a Volleyball Net System from account 100-8000-8020- Transfer to Capital Projects Fund to account 100-5040-5100-FST Capital Purchases and approves solicitation of quotes and purchase if within budget and under the $15,000 bid minimum.
SECTION 2: Removes the request for $15,000 by reducing Capital Projects Fund Account 400-1012-4810- Transfer from General Fund.
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.