Agenda Item Name:
Title
Recognition of a portion of unanticipated revenue for the Fairgrounds
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Presenter:
Gina Peebles
Description:
Resolution and Budget Amendment to recognize a portion of unanticipated revenue of $15,500 for the Fairgrounds
Recommended Action:
Recommended Action
Approve the Budget Amendment and adopt the Resolution to recognize a portion of unanticipated revenue of $15,500 for the Fairgrounds
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Prior Board Motions:
N/A
Fiscal Consideration:
Fiscal Consideration
$15,500 unanticipated revenue for the Fairgrounds.
Revenue: 128.45.4100.362.2000
Expenses: 128.45.4505.575.xx.xx (various expenditure accounts as detailed in the Budget Amendment)
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Background:
The FY20 operations budget decreased due to the transition plan in progress for the Fairgrounds. Additional revenues are needed for unexpected repairs and maintenance as well as operations for the remainder of the year.