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HomeMy WebLinkAbout2023 Romance Remodel Budget AdjustmentBUDGET ADJUSTMENT REQUEST FORM Dept:Fiscal Year Affected:2023 Accounts to Receive Increased Budget: Account:40464-5562 Amount:49,900 Name:BUILDING REMODEL Account:01499-4940 Amount:49,900 Name:FUND TFR-ROMANCE THEATER TOTAL:99,800 Accounts Where Budget is Coming From: Account:40399-3901 Amount:49,900 Name:FUND TFR IN-GENERAL FUND Account:01411-6000 Amount:49,900 Name:CONTINGENCY (Would leave $192,400) Account:Amount:Name: Account:Amount:Name: TOTAL:99,800 Net Expense less Revenue - (This must be zero) Coming From:Contingency:49,900 Other Expense: New Revenue: TOTAL INCREASE 49,900 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 as we dig into the project. We also added a storage area under the auditorium area for chairs/tables are between $43,000 and $50,000, but we feel we should budget the higher number as the scope may change slightly Romance Theater city crews help where they can as well. We would also likely subcontract the plumbing work. The cost increase is in part because of the sewer. We thought we had sewer connectivity, but public works has indicated the line is not connected and we would need to reconnect it. See Jed/Bret's estimate attached with scope of work. Our estimates This is to remodel the space under the stage area. We had $30,000 in the FY 22 budget that was not spent because we could not find a contractor to do it. The plan is to contract out the demo/reframe/finish work seperately and have