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File #: 2019-0815    Version: Name: Budget Adjustment Request for Recreation, Karate for 4th Quarter 2019
Type: MOTION Status: PASSED
File created: 10/29/2019 In control: Board of Trustees
On agenda: 11/18/2019 Final action: 11/18/2019
Title: Budget Adjustment Request for Recreation, Karate for 4th Quarter 2019
Attachments: 1. Karate - Financial Impact

Title

Budget Adjustment Request for Recreation, Karate for 4th Quarter 2019

 

History

Karate enrollments and revenues continue strong for the Fall 2019 session. Revenues are available to cover the contracted expense for the Fall 2019 session. The funds in the Karate expense budget paid for the Winter/Spring and Summer sessions and funds are not available for the Fall session. Additionally, revenues have already been collected from enrollments for the Fall session.

 

On November 4, 2019, this item was reviewed and approved by the Parks and Recreation Committee and referred to the Board for approval.

 

Financial Impact

The attached spreadsheet identifies the financial impact. With the additional expense of $15,874, Karate will generate a net revenue income of $25,697

 

Recommended Action/Motion

 

I move to approve increasing the FY2019 expenditure budget by $15,874.