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  Item #   4. A. 4.    
City Council
Meeting Date: 04/22/2019  
Submitted For: Warren Porter Submitted By: Nagesh Chopra, Finance

Information
Item
Approval of Supplemental Appropriation for Park Tax Fund; $320,000.
Background
The weather has not been conducive for activities for the year to date for either Arcadia Lake or Kickingbird Golf. Revenues are down for both activities this year. Through April 9th, fees from charges, miscellaneous charges, and other revenue sources were down by $57,845 from last year at Arcadia Lake. Total revenues at Kickingbird Golf Course are down $141,000 from last year through April 9th.

We have not transferred money from Park Tax Fund to Arcadia Lake during the last 7 budget years, at least. The last transfer from Park Tax to Kickingbird Golf was in FY 2016. This action should allow both operations to end the fiscal year in a positive position for unrestricted cash.
Time Frame
Immediate upon approval.
Issue
Approval of supplemental appropriation.
Recommendations
Staff recommends approval.
Action Needed
Motion to approve.
Public Notification
Posted City Council agenda.

Fiscal Impact
Funding/Cost: $320,000
Budgeted Item Y/N or N/A: N
Account:
From:
Park Tax Fund Reserves

To: Park Tax Fund Transfers Out 116044-8805 $320,000
To: Arcadia Lake Transfers In 567037-7900 $160,000
To: Kickingbird Golf Course Transfers In 570750-7900 $160,000
Attachments
No file(s) attached.

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