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HomeMy WebLinkAbout07531ORDINANCE NO. 7531 AN ORDINANCE AMENDING THE CITY OF PUEBLO 2006 BUDGET FOR THE ELMWOOD GOLF COURSE ENTERPRISE FUND TO INCREASE THE OPERATING BUDGET AND APPROPRIATE FUNDS THEREFOR WHEREAS, the Elmwood Golf Course Enterprise has incurred additional expenses associated with the operations and upkeep of the Elmwood Golf Course; and WHEREAS, the 2006 Elmwood Golf Course fund will have to be amended in order to fund the identified recommended operating increased budget outlays. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. The 2006 budget and appropriations for the Elmwood Golf Course enterprise Fund are amended as follows: Bond Payments 2006 Adopted 2006 Amended Revenue $ 1,075,850 $ 1,075,850 Personnel $ 30,553 $ 30,553 Operating $ 597,097 $ 622,097 Capital Outlay - - Bond Payments $ 282,655 $ 282,655 Total Expense $ 910,305 $ 935,305 Gain /Loss $ 165,545 $ 140,545 Transfer to Walking Stick $ 404,920 $ 454,920 Reserve Increase (Decrease) $ (239,375) $ (314,375) SECTION 2. This Ordinance shall become effective immediately upon final approval and passage. BY Randy Thurston Councilperson APPROVED: President of City Council ATTESTED BY: CITY CLERK INTRODUCED October 10, 2006 PASSED AND APPROVED: October 23, 2006 LD Background Paper for Proposed ORDINANCE AGENDA ITEM # 0 2 3 DATE: October 10, 2006 DEPARTMENT: OFFICE OF THE CITY MANAGER DAVE GALLI, CITY MANAGER DOUG FITZGERALD, ASSISTANT CITY MANAGER TITLE AN ORDINANCE AMENDING THE CITY OF PUEBLO 2006 BUDGET FOR THE ELMWOOD GOLF COURSE ENTERPRISE FUND TO INCREASE THE OPERATING BUDGET AND APPROPRIATE FUNDS THEREFOR ISSUE Due to the expenses associated with the general maintenance of the Elmwood Golf Course, the Elmwood Golf Course Enterprise budget needs to be adjusted from the 2006 Adopted Budget. These expenses include tree trimming, watering, fertilizer and seed, and other costs associated with the upkeep of the golf course. RECOMMENDATION Approval of the Ordinance. FINANCIAL IMPACT An increase of $25,000 will be added to the 2006 Elmwood Golf Course Enterprise Budget.