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
$1,003
$3,000
$1,997
To:
7100-6130-001-432065
Directors Fees/Management
$60,000
$1,003
$60,000
$61,003
Issue: Funding needed for Liquor License Application fee and related legal fees.
Solution: Transfer out from 6130 (G&A, Advertising) to fund 6130 (G&A, Directors Fees/Management). The funds are not needed at this time in Advertising but funding for the new Liquor License is necessary.
Result: There will be sufficient funds in all budget line items to pay requested items.