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.