File #: 16-242   
Type: Resolution (Consent) Status: Passed
File created: 5/4/2016 In control: Tourism Development
On agenda: 5/24/2016 Final action: 5/24/2016
Enactment date: 5/24/2016 Enactment #: 2016-157
Title: Commissioner Keigher - To Transfer Unused Funds from the Sports Complex Project Back into Travel & Tourism Fund Balance
Sponsors: Tom Keigher
Attachments: 1. Adopted 2016-157, 2. BCR - Tourism Fund Balance

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Commissioner Keigher - To Transfer Unused Funds from the Sports Complex Project Back into Travel & Tourism Fund Balance

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STAFF CONTACT

Michael Applegate - Director - Travel & Tourism - 704-825-4044

BUDGET IMPACT

budget

Transfer funds back into Fund Balance - No additional appropriation of funds

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BUDGET ORDINANCE IMPACT

Moves $1,200,000 from Travel & Tourism capital fund into the fund balance account

BACKGROUND

Funds were originally budgeted to purchase land for a sports complex on the Howe Dairy Farm land.  The project was not approved.  As such, it is not necessary for the funds to remain in the land purchase account.

POLICY IMPACT

N/A

ATTACHMENTS

Budget Change Request