Coversheet


Town of Huntersville REQUEST FOR BOARD ACTION 12/19/2016

REVIEWED:

To: The Honorable Mayor and Board of Commissioners

From: Jackie Huffman / Michael Jaycocks / Gerry Vincent / Greg Ferguson

Subject: Amend General Fund and Recreation Center Capital Project Ordinance

As described in a separate item on the December 19, 2016 Agenda, the contract for the Recreation Center needs additional funding of $1,364,870.08. This item approves changes to two funds:

1) Transfers from General Fund balance to the Recreation Center Capital Project Ordinance $1,364,870.08 from General Fund Balance.

2) Authorizes the expenditure of the $1,364,870.08 out of the Recreation Center Capital Project Ordinance.

ACTION RECOMMENDED:

Amend General Fund budget transferring $1,364,870.08 to the Recreation Center Capital Project Ordinance and authorize the Recreation Center budget expenditure of same amount.

FINANCIAL IMPLICATIONS:

Use of General Fund Balance of $1,364,870.08

ATTACHMENTS:
	Description	Type
	Recreation Center Capital Project Ordinance	Backup Material