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.