Discussion and possible action to ratify, by Order, the following budget amendments (line item transfers) within the Golf Course Fund; and any other matters incident thereto:
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
7100-6080-001-461000-030
Materials & Supplies Golf
$20,500
$6,266
$17,539.61
$11,273.61
7100-6120-001-456105
Licenses & Permits
$0.00
$300
$1,422.60
$1,122.60
$6,566
To:
7100-6130-001-452001
Insurance Other
$0
$5,786
$0
$5,786
7100-6140-001-441905
Utilities Sanitation Fees
$1,800
$480
$90
$570
7100-6120-001-460105
Minor Tools & Apparatus
$0
$300
$45.50
$345.50
$6,566
Issue: (1)Funds are needed for insurance costs required under the management agreement including workers compensation, general liability, and umbrella coverages. The County's insurance program does not specifically insure Touchstone's actions. The requested amount funds the balance of the fiscal year through 09/30/19. (2) The budget for Utilities Sanitation Fees was budgeted short by $480 and needs to be funded to adequately pay bills through the end of the year. (3) There is also a small additional amount needed to fund a change order in Minor Tools & Apparatus (F&B).
Solution: Transfer out from Materials & Supplies Golf to fund the first two items and from Licenses and Permits to fund the third. There is still adequate funding for course accessories needed in the fiscal year.
Result: There will be sufficient funds in all budget line items to pay requested items.