Title
A Resolution Approving the City of Foley to Host the 1st Annual Gulf Coast Equipment "Roadeo" Hospitality Night and Approving a Budget Amendment for Sponsorship Revenue and Event Expenditures
Summary
?The Public Works Department proposes hosting a Hospitality Night in conjunction with the 1st Annual Gulf Coast Equipment "Roadeo" to provide networking opportunities for participating municipalities, equipment vendors, sponsors, and event guests. Sponsorship revenue of $30,000 has been secured to assist with the cost of the event and related Roadeo activities. Approval of this resolution authorizes the City to host the Hospitality Night and approves a budget amendment to recognize $30,000 in sponsorship revenue and appropriate $40,000 for event-related expenditures.
Budgetary Impact
Non-Capital Item:
___ Budgeted under account #___________. (discussion item)
____ Not budgeted, requesting transfer of $_______from Account #______________ to Account GL __________.**Request to Transfer Departmental Budget Dollars form must be attached**
___x_ Not budgeted requiring increase to Account 100-1060-4651 - Donation Equipment Roadeo: Increase of $30,000 to recognize sponsorship revenue. Account 100-1060-6180 - Equipment Roadeo: Increase of $40,000 to provide funding for event-related expenditures. 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 to Transfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #___________________requires budget increase of __________.**Request to Increase Departmental Budget Dollars form must be attached**
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