Discussion and possible action to Ratify, by Order, the following budget amendment (line item transfers) within Golf Course funds:
| |
Acct. Number |
Acct. Name |
Adopted |
Request |
Current |
End Bal. |
| From: |
7100-6120-001-463006-005 |
Food & Bev- COS |
$38,400 |
$2,300 |
$15,773.04 |
$13,473.04 |
| |
7100-6120-001-463006-010 |
Food & Bev- NAB |
$26,880 |
$7,700 |
$15,085.29 |
$7,385.29 |
| |
|
|
|
$10,000 |
|
|
| To: |
7100-6110-001-461005-015 |
Merchandise COS- Men |
$3,400 |
$800 |
$121.39 |
$921.39 |
| |
7100-6110-001-461005-020 |
Merchandise COS-Women |
$71 |
$500 |
$0.44 |
$500.44 |
| |
7100-6110-001-461005-025 |
Merchandise COS-Headwear |
$3,080 |
$1,000 |
$1,162.14 |
$2,162.14 |
| |
7100-6110-001-461005-030 |
Merchandise COS Shoes |
$2,500 |
$1,200 |
$262.76 |
$1,462.76 |
| |
7100-6110-001-461005-035 |
Merchandise COS Equip. |
$12,049 |
$4,500 |
$329.09 |
$4,829.09 |
| |
7100-6110-001-461005-040 |
Merchandise COS Accessories |
$5,900 |
$2,000 |
$1,727.38 |
$3,727.38 |
| |
|
|
|
$10,000 |
|
|
Issue: Merchandise sales at the golf course are running significantly above the budget – for the period ending 2/29/20 sales are 81% over budget ($11K). In order to continue to support this sales level, we are requesting line item transfers from the Food and Non-Alcoholic Beverage COS categories. The aggregate transfer amount requested above is $10,000. Unfortunately sales in the restaurant are below budget allowing for this re-allocation.
Solution: Transfer as requested above.
Result: There will be sufficient funds in all budget line items to pay requested items. |