HomeMy WebLinkAboutBaseball-Softball Quad Final Budget Adjustment 1-6-21 (2)BUDGET ADJUSTMENT REQUEST FORM
Dept:Fiscal Year Affected:2021
Expense Accounts to Receive Increased Budget:
Account:01499938 Amount:330,000 Name:Fund TFR-Parks Capital Reserve
Account:41438705 Amount:773,600 Name:Baseball/Softball Quad Construction
Account:Amount:Name:
Account:Amount:Name:
Account:Amount:Name:
TOTAL:1,103,600
Accounts Where Budget is Coming From:
Account:0139900 Amount:330,000 Name:Fund Balance Carryover
Account:4139900 Amount:330,000 Name:TFR In-General Fund for Capital
Account:4137600 Amount:17,200 Name:Contributions/Private Grants
Account:4139999 Amount:426,400 Name:Fund Balance Carryover
TOTAL:1,103,600
Net Expense less Revenue - (This must be zero)
Coming From:Contingency:
Other Expense:
New Revenue:773,600
TOTAL INCREASE 773,600
Reason for the Increase:
Signed:
Dept Head:Date:
CFO:Date:
Balance of Contigency Before Above Request:
Mayor:Date:
Approved by the City Council (*if necessary) on this Date:
*City Council approval required if:
1)$10,000 or more is taken from Contingency
2)$50,000 or more is a change in a Capital Purchase
3)New Full-time Regular personnel positions
4)Additional Full-time Regular personnel
5)New Types of Major Programs
Power incentive Rebate, and $426,400 from Park Construction fund balance carryover not spent in 2020.
Recommendation is to motion to pass this budget adjustment and continue to fundraise and then we
can make this transfer from general fund at end of project or year-end for whatever the shortfall is,
not to exceed the motioned amount. This will give us the budget to continue making the final
purchases to complete the project and time to continue to fundraise.
Parks
Final Projected Budget Adjustment to Complete Baseball/Softball Quad Complex in Fiscal Year
2021. This would not leave money to do the sound system or scoreboards, which we
believe can be paid for through donations. Request is to pay cost overruns from the General Fund.
Funding is $330,000 from General Fund from fund balance carryover, $17,200 from Rocky Mountain