Title
A Resolution Approving a Transfer of Funds to Coastal Alabama Farmers and Fishermans Market, Inc.
Summary
Description of Topic: (who, what, where, when, why and how much)
Additional funds are needed for the following items, 220 yards of sod in the amount of $1,089.00 for the new building at the Market and lighting for the Market sign on Co. Rd. 20 in the amount of $1,100.00. Economic Development Department wished to reduce it's budget in the amount of $2,189 to pay for these items.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
__X__ Not budgeted, requesting transfer of $_2,189__ from Gen Fund/Econ Dev Expense Account #_01-627-8145__ to Gen Fund Transfer Out Account #__01-680-0183__.
Also requires increase to CAFFM, Inc. Transfer In Account 60-5900 and Market Property Building/Grounds Maint Account 60-600-4060 for which the Board is in agreement.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
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 _________
Capital Project
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, Additional funds are needed to purchase sod in the amount of $1,089.00 for the new retail building at the Farmers Market property and lighting for the Market sign located on County Road 20 in the amount of $1,100.00, and
WHEREAS, The Economic Development Manager has $2,189.00 available in his budget and desires Coastal Alabama Farmer's and Fishermens' Market, Inc. (CAFFM) have this work done, and
WHEREAS, The CAFFM, Inc. Board agrees to have the work performed.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves reducing the budget for expense account 01-627-8145 (Economic Development Expense) and increasing the budget for transfers out account 01-680-0183 (Transfers to CAFFM, Inc.) in the amount of $2,189.00.
SECTION 2: Approves payment of $2,189.00 to CAFFM to pay for the work to be performed, increasing transfers in account 60-5900 (Transfers from General Fund) and increasing expense account 60-600-4060 (Market Area Building & Grounds Maint).
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.