Title
Request to approve the following 2016 Budget adjustments:
Home Rental Rehabilitation Grant Fund
Transfer Out +$35,305
Fund Balance - $35,305
Home Homeowner Grant Fund
Transfer In +$35,305
Grant Payments +$35,305
to record the merger of the Home Rental Rehabilitation Grant Fund into the Home Homeowner Grant Fund.
Police Grants Fund
State Grants +$30,730
Grant Payments +$30,730
to record additional seatbelt enforcement grant revenue and related expenditures.
Room Tax Fund
Room Taxes Received +$625,330
Room Tax Payments to FCCVB +$625,330
to record additional room taxes received in 2016 and related payment to the FCCVB (due to the increase in room tax from 6% to 10%).
Debt Service Fund
Debt Service Payments +$123,902
Fund Balance - $123,902
Debt Issuance Costs +$139,170
Debt Premium +$139,170
to record debt service costs funded by current and prior year premiums received on debt issuance.
Universal Playground Fund
Playground Equipment +$360
Fund Balance - $360
to record the closeout of the Universal Playground Trust fund.
Community & Economic Development Capital Projects Fund
Long-Term Debt Proceeds - $407,000
Consulting Services - $240,000
Infrastructure Construction - $167,000
Exhibition Center Capital Projects Fund
Long-Term Debt Proceeds +$407,000
Consulting Services +$240,000
Infrastructure Construction +$167,000
to transfer amounts budgeted for construction of the Exhibition Center from the Community & Economic Development Capital Projects Fund to the Exhibition Center Capital Projects Fund.
General Fund
Salaries/Fringe Benefits - Mayor's Office +$5,600
Saleries/Fringe Benefits - HR Department +$5,700
Salaries/Fringe Benefits - Fire Department +$114,000
Wage Reserve - $125,300
to allocate wage reserve funds.