Discussion and possible action to ratify the following budget amendment (line item transfers) within Gulf Course funds:
| |
Acct. Number |
Acct. Name |
Adopted |
Request |
Current |
End Bal. |
| From: |
7100-6110-001-461005-015 |
Merchandise COS Men's Apparel |
$11,000 |
$4,000 |
$9,634.76 |
$4,084.33 |
| |
7100-6110-001-461005-020 |
Merchandise COS Women's Apparel |
$5,000 |
$2,500 |
$4,917.50 |
$2,417.50 |
| |
7100-6110-001-461005-025 |
Merchandise COS Headware |
$7,000 |
$1,000 |
$2,371.26 |
$1,371.26 |
| |
7100-6110-001-461005-030 |
Merchandise COS Shoes |
$5,000 |
$2,500 |
$3,845.00 |
$1,345.00 |
| |
7100-6110-001-461005-040 |
Merchandise COS Accessories |
$15,000 |
$2,500 |
$8,397.95 |
$5,897.95 |
| |
|
|
|
$12,500 |
|
|
| To: |
7100-6120-001-441605-010 |
Gas Propane |
$3,000 |
$1,500 |
$5.64 |
$1,505.64 |
| |
7100-6120-001-460105 |
Minor Tools & Apparatus (F&B) |
$59,589.39 |
$11,000 |
$345.50 |
$11,345.50 |
| |
|
|
|
$12,500 |
|
|
Issue: Funding is needed for the food and beverage propane account that was estimated as part of the food and beverage start-up but appears to be underfunded for the fiscal year and level of operations. Excess funds in Merchandise Cost of Sales accounts are requested to be transferred to the Minor Tools & Apparatus Account in Food & Beverage to fund the following needed items: Dishwasher (originally budgeted as a rental but contract form not approved), restaurant signage package, meat slicer, countertop cooler for grab and go sandwiches, warming table, hand sink (required by City inspector), replacement for 3 compartment sink that is beyond repair, new touchscreen monitor for F&B operation and fire printer for kitchen.
Solution: Transfer as requested above.
Result: There will be sufficient funds in all budget line items to pay requested items. |