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.