Title
A Resolution Approving a Budget Adjustment between Operation Accounts.
Summary
Sports Tourism is requesting permission to transfer a total of $18,000. We want to overseed earlier this year to support a mid-October event. It is a $30,000 expense to seed with ryegrass that we cannot absorb without transferring money. We are requesting transfers of $15,000 from the Travel & Training Budget (100-5040-6055) and $3,000 from the Consultant/Professional Fees Budget (100-5040-6020) to the Multi-Use Fields Park Maintenance Budget (207-5042-6011). The excess from travel was due to a major tourism conference being scheduled during a conflict with our staff so we could not attend. This is an operations to operations transfer from Foley Sports Tourism 5040 accounts to the Foley Sports Tourism Multi-Fields 207 Park Maintenance Account. This action is budget neutral for FY25 but requires transfers of funds.
Non-Capital Item:
____ Budgeted under account #_______________
_X_ Not budgeted, requesting transfer of $__$18,000_ from Travel & Training Account #100-5040-6055 ($15,000) and from Consultant/Professional Fees Account #100-5040-6020 ($3,000) to Account #207-5042-6011 Multi-Use Fields Park Maintenance.
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**
Body
WHEREAS, Foley Sports Tourism is requesting permission to transfer monies in the amount of $15,000 from Travel & Training account #100-5040-6055 and $3,000 from Consultant/Professional Fees account 100-5040-6020, to Multi-Use Fields Park Maintenance account 207-5042-6011.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves the budget adjustment and transfer of monies in the amount of $15,000 from Travel & Training account #100-5040-6055 and $3,000 from Consultant/Professional account #100-5040-6020, to Multi-Fields Fields Park Maintenance account 207-5042-6011.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.