Discussion and possible action to ratify, by Order, the following budget amendment(s) (line item transfers) within the Golf Course fund; and any other matters incident thereto. [Requested by Doug Harker, EVP, Touchstone Golf]
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
7100-6130-001-454000
Advertising
$8,000
$5,000
$8,000
$3,000
To:
7100-6130-001-458000
Administrative Travel
$1,700
$2,500
$1,700
$4,200
7100-6080-001-443000-035
Repairs & Maint. Equip.
$24,000
$2,500
$24,000
$26,500
$5,000
Issue: Funding needed for Administrative Travel and Repairs & Maintenance Equipment.
Solution: Transfer out from 6130 (G&A, Advertising) to fund 6130 (G&A, Administrative Travel) and from 6130 (G&A, Advertising) to 6080 (Golf, Repairs & Maintenance Equipment). Travel costs in the early part of the management engagement for the golf course will be higher than the original budget due to time spent at the golf course. In addition, additional repairs and maintenance of equipment have been identified that need to be addressed.
Result: There will be sufficient funds in all budget line items to pay requested items.