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HomeMy WebLinkAbout2024 Budget aje romance tabernacleBUDGET ADJUSTMENT REQUEST FORM Dept:Fiscal Year Affected:2024 Expense Accounts to Receive Increased Budget: Account:40464-5521 Amount:91,300 MASONRY WORK-ROMANCE THT. Account:01499-4940 Amount:91,300 FUND TFR OUT-ROMANCE THT. Account:Amount: TOTAL:182,600 Accounts Where Budget is Coming From: Account:40399-3901 Amount:91,300 FUND TFR-IN-GENERAL FUND Account:01499-4904 Amount:91,300 FUND TFR-OUT-TABERNACLE FUND Account:Amount: TOTAL:182,600 Net Expense less Revenue - (This must be zero) Coming From:Contingency: Other Expense:182,600 New Revenue: TOTAL INCREASE - Reason for the Increase: be approximately $728,400 for tabernacle. This is within the existing budget. Just need approval on change orders. Signed: Dept Head:Date: CFO:Date: 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)$50,000 or more is a change in a Capital Purchase 3)New Full-time Regular personnel positions 4)Additional Full-time Regular personnel 5)New Types of Major Programs Fiscal Year 2023 Projection for Year End General Fund Transfers in Arts Funds if above changes adopted: Fund Fund General Fund Transfer Budget W/Changes Above Projected Transfer Needed Under (Over) 4 Tabernacle 764,100$ 761,300$ 2,800$ 40 Romance 246,600$ 262,600$ (16,000)$ 81 Cultural Arts 133,400$ 123,000$ 10,400$ Net Total (2,800)$ change orders (see attached-includes painting windows and doors) would add additional $148,400. New Total cost would There is no budget in FY24 for the Romance, but staff recommends we address that building while the contractors Cultural Arts-Romance/Tabernacle working on the Tabernacle are here and mobilized. Would reduce tabernacle gen fund tfr & increase romance gen fund tfr. The FY 24 Tabernacle Repointing Budget was $850,000. Current bids accepted are approximately $580,000. Adding the