Presenter/Contact
Presenter
Greg Gutierrez, Financial Analyst
Contact Info
(830) 221-4398 - ggutierrez@nbtexas.org
Subject Header
SUBJECT:
Title
Approval of a budget transfer in the FY 2017-18 General Fund, within the Parks and Recreation Department.
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BACKGROUND / RATIONALE:
General Fund - A budget transfer is necessary in the Parks - Das Rec Division for a capital expenditure to cover the purchase of two floor scrubbers. Both pieces of equipment will help minimize the wear and tear in high foot traffic areas. The equipment will also increase the efficiency of cleaning and polishing all floor surfaces at Das Rec, which will reduce the risk of slips and falls. Funds within the employee expenditure allocation are available to support the transfer as vacancy savings have been generated throughout the year.
Budget Transfer - General Fund Parks and Recreation Department
From: Employee Expenditures $17,193
To: Capital Expenditures $17,193
ADDRESSES A NEED/ISSUE IN A CITY PLAN OR COUNCIL PRIORITY:
|
X |
Yes |
Strategic Priorities |
Maintain fiscal stability of City operations |
FISCAL IMPACT:
There are allocated funds in the Parks Department employee expenditure allocation that are not projected to be spent before the end of the fiscal year, which is why a transfer is recommended as opposed to a budget amendment. This action will not increase the budget, nor will it draw from fund balance.
Recommendation
COMMITTEE RECOMMENDATION:
N/A
STAFF RECOMMENDATION:
Staff recommends approval of budget transfer in the FY 2017-18 General Fund.