HomeMy WebLinkAbout2025 Budget Adjustment 250th Anniversary EventBUDGET ADJUSTMENT REQUEST FORM
Dept:Fiscal Year Affected:2025
Expense Accounts to Receive Increased Budget:
Account:01411-4410 Amount:195,000 FIREWORKS-CITY/COUNTY
Account:Amount:
Account:Amount:
TOTAL:195,000
Accounts Where Budget is Coming From:
Account:01411-6000 Amount:100,000
CONTINGENCY GENERAL FUND (WOULD LEAVE
$33,500)
Account:01411-3999 Amount:95,000 FUND BALANCE CARRYOVER
Account:Amount:
TOTAL:195,000
Net Expense less Revenue - (This must be zero)
Coming From:Contingency:100,000
Other Expense:95,000
New Revenue:
TOTAL INCREASE 195,000
Reason for the Increase:
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
the fairgrounds project as agreed upon by the City/County. We believe a known artist will cost between $175 to $200 K.
donations and ticket revenues next year and any proceeds (profits) could be split between the tabernacle fundraiser and
General Fund-Mayor & Council
raise donations. The request is to prefund it from general fund this year with hope to recoup outlay of expense with
See estimated expenses and revenues for the 250th Anniversary Celebration Event on Friday July 3, 2026.
This would be an event put on by the City and other Community Partners at the Madison High School Football Stadium.
The event would include fireworks, a drone show, and a concert with a hired artist. In order to assure an artist it would
be best to book that talent as soon as possible. Knowing the artist allows us to better present the proposal for the
community event to potential donors. The City and County are committed now in budget to contribute $15,000 each to
the event and we believe if we book a recognized artist that ticket sales would be successful and it wouild be easier to