Submitted By: Julie Johnson
presenter
Presentation By: Julie Johnson
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Department: Recreation and Parks
STAFF RECOMMENDATION (Motion Ready):
title
Adopt Budget Resolution 2024-177 amending the Fiscal Year 2023-24 budget to transfer funds from the General Fund Reserve for Contingencies account to the Golf Fund to support additional contract expenses for course maintenance totaling $390,000
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OCALA’S RELEVANT STRATEGIC GOALS:
Fiscally Sustainable, Operational Excellence
PROOF OF PUBLICATION:
N/A
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BACKGROUND:
On July 12, 2022, the City Council approved the Fourth Amendment to the Original Agreement with Indigo Sports, LLC, to manage the Ocala Golf Club.
The City wishes to improve the course's condition through irrigation replacement and other professional services that Indigo Sports, LLC, will facilitate.
Funds are not available in the Golf fund to support this activity. A General Fund Reserve Contingencies account transfer is required to support these additional unexpected expenditures.
FINDINGS AND CONCLUSIONS:
The Ocala Golf Club course needs improvements. Consulting services offer another level of protection to the City’s asset. The irrigation system at the Ocala Golf Club is 15 years old and failing to operate properly. The Golf Fund is unable to support these services and the irrigation project. Funding assistance from the City’s General Fund Reserve for Contingencies account is required.
Staff recommends approval.
FISCAL IMPACT:
Funding in the amount of $390,000 will be transferred from the General Fund Reserve for Contingencies account 001-099-999-513-81-99800 to the Other Services - Total Expenses account 452-029-029-575-57-34060.
PROCUREMENT REVIEW:
N/A
LEGAL REVIEW:
N/A
ALTERNATIVE:
• Adopt with Changes
• Table
• Deny
BUDGET RESOLUTION 2024-177
A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO TRANSFER FUNDS FROM THE GENERAL FUND RESERVE FOR CONTINGENCIES ACCOUNT TO THE GOLF FUND TO SUPPORT ADDITIONAL CONTRACT EXPENSES FOR COURSE MAINTENANCE TOTALING $390,000
WHEREAS, on July 12, 2022, the City Council approved the Fourth Amendment to the Original Agreement with Indigo Sports, LLC, to manage the Ocala Golf Club; and
WHEREAS, the City of Ocala wishes to improve the condition of the course by way of irrigation replacement and other professional services that will be facilitated by Indigo Sports, LLC; and
WHEREAS, funds are not available in the Golf fund to support this activity; and
WHEREAS, a transfer from the General Fund Reserve for Contingencies account to the Golf fund is required to support these additional unexpected expenditures.
NOW THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF OCALA, FLORIDA, duly assembled in regular session, that the Fiscal Year 2023-24 budget be amended as outlined below:
SOURCE:
001-099-999-513-81-99800 Reserve for Contingencies ($390,000)
452-381-000-000-19-38101 Trf In - General Fund $390,000
USE:
001-099-999-513-81-91452 Trf - Golf Fund $390,000
452-029-029-575-57-34060 Other Services - Total Expenses $390,000
This resolution adopted this ______ day of ______________________, 2024.
ATTEST: CITY OF OCALA
By: By:
Angel B. Jacobs Barry Mansfield
City Clerk President, Ocala City Council
Approved as to form and legality:
By: _________________________________
William E. Sexton
City Attorney
Reviewed for accounting accuracy & completeness:
By: _________________________________
Peter A. Lee
City Manager