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CASSELBERRY CITY COMMISSION <br />Minutes of July 24, 2017 — Regular Meeting <br />Page 6 of 21 <br />I. Budget Amendment # 17-044 — Funding; for Casselberry Golf Club Operating Bank <br />Account <br />Introduction: Consideration of Budget Amendment #17-044 to provide funding in the operating bank <br />account for the Casselberry Golf Club in the amount of $75,000 is requested. <br />Budget Impact: Approval of Budget Amendment #17-044 will increase the following: <br />General Fund — increase the Transfer to Fund 405 account #001-0190-581.91-45 and Other Non <br />Operating Sources account 4001-0000-389.90-00 in the amount of $75,000; <br />Golf Course Fund — increase Other Current Charges account #405-0410-572.49-00 and Transfer from <br />Fund 001 account #405-0000-381.10-00 in the amount of $75,000. <br />BA #17-044 <br />Explanation of Request: This item seeks City Commission approval to provide the initial funding for the <br />Casselberry Golf Club operating bank account per the management contract between the City of Casselberry <br />and Cypress Golf Management, LLC assigned on August 1, 2017. Approval of this budget amendment <br />provides budgetary authorization to transfer funds as needed up to a maximum of $75,000. Staff will only <br />transfer additional funds to the golf course operating bank account if a need is identified through monthly <br />reconciliation. <br />Account Number Account Description Amount <br />Increase: <br />001-0000-389.90-00 Other Non -Operating sources $75,000 <br />001-0190-581.91-45 Transfer to Fund 405 $75,000 <br />405-0410-572.49-00 Parks and Recreation/Other Current Charges $75,000 <br />405-0000-381.10-00 Interfund Transfer/Transfer from 001 $75,000 <br />Recommendation: The City Manager and the Finance Director recommended approval of Budget <br />Amendment # 17-044. <br />Audience Participation: No one came forward to address the Consent Agenda: <br />MOTION: Commissioner Solomon moved to approve the Consent Agenda, as presented. <br />Motion was seconded by Vice Mayor Aramendia. Motion carried unanimously <br />by voice vote 5-0. <br />8. DISCUSSION ITEMS <br />A. Future Agenda Items <br />No items were presented for consideration. <br />