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BA #: 16-063 <br />DATE: September 12, 2016 <br />TO: Randy Newlon, City Manager <br />FROM: Rebecca Bowman, Finance Director <br />EXPLANATION OF REQUEST: <br />This item seeks City Commission approval to transfer excess Recreation Capital hnprovement <br />Fund Fund Balance to the General Fund. Due to accumulative overfunding for all phases of the <br />Casselberry Greenway Trail, excess funds need to be transferred back to the General Fund in the <br />amount of $370,860. This budget amendment provides budgetary appropriation necessary for <br />the transfer and to recognize FY16 grant proceeds received. There was no budget provided in <br />FYI for grant proceeds because it was unknown whether FDOT would provide additional grant <br />funding. <br />Resolution #: _ Reso Date: Asset #: Project #: <br />Account Number Account Description Amount <br />Increase: <br />001-0000-381.30-04 <br />Transfer from 304 Fund <br />$370,860 <br />304-0190-572.91-10 <br />Transfer to General Fund <br />$370,860 <br />304-0000-389.90-00 <br />Other Non -Operating Source <br />$370,860 <br />304-0000-334.70-02 <br />Grant Proceeds/Bike Trail Phase 3 <br />$442,397 <br />Decrease: <br />001-0000-389.90-00 Other Non -Operating Source $370,860 <br />304-0000-389.90-00 Other Non -Operating Source $442,397 <br />REQUESTED BY: c Date: t f- <br />Rebecca Bowman, MBA, CGFO, CGFM, Finance Director <br />F <br />us , . <br />FINANCE DEPT. 1 ��� Date: <br />Rebecca Bow ian, MBA, CGFO, CGFM, Finance Director <br />COMMISSION ACTION: <br />. ' approved denied Date: <br />FINANCE USE ONLY <br />Entered by: Date: Count: Group# Approved by: <br />Revised 9/25/13 <br />