Title
A Resolution increasing the budget for capital revenue and expense accounts and approving the purchase of a replacement storage building for Sports Tourism.
Summary
A Sports Tourism storage building was damaged during Sally and we have decided to replace rather than salvage. We are requesting to increase the budget to cover the capital expense and the revenue account from insurance by $6,000 each. Capital revenue account will be 100-9200-4703 for insurance and the capital account will be 100-9200-5100.
Budgetary Impact:
Non-Capital Item:
__ _ Budgeted under account #_ ___ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ 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 #_
__X__ Not Budgeted - account #_100-9200-5100_ requires budget increase of $_6,000_______.
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, Foley Sports Tourism received damage to a storage building during Sally, and
WHEREAS, Insurance has totaled the building and will provide money to cover the costs,
WHEREAS, Foley Sports Tourism has received quotes for a new building,
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
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