CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: February 11, 2015

Commission, Board or Committee: Click here to enter date.

Staff Contact: Click here to enter text.Jeff Biegler

PW Committee or L&F Committee: Legal and Finance Committee

Petitioner: Department of Parks and Recreation

City Council 1st Reading: Click here to enter date.

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City Council 2nd Reading: Click here to enter date.

Agenda Title:

Authorize Finance Officer to transfer $80,000 from the General Fund to the Meadowbrook Golf Course Enterprise Fund to cover FY2014 operating shortfall.

Summary:

Staff requests a transfer from the General Fund to cover shortfall in operating funds at Meadowbrook Golf Course in FY2014. Revenue projects were not met due to course being partially closed for Bunker Renovation Project and reduction in revenue from restaurant operation.

Funding Source & Fiscal Impact (if applicable):

General Fund

Recommendation:

Action: Approve

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Options:

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Attachments & Links:

Staff Memo

 

 

 

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