HomeMy WebLinkAbout66-94 RESOLUTION•
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RESOLUTION NO. 66-94
A RESOLUTION APPROVING A BUDGET ADJUSTMENT TO
ESTABLISH A BUILDING COST BUDGET FOR THE
WAI:I'ON ARTS CENTER AND TO ESTABLISH A TRANSFER
TO THE AR'T'S CENTER BOND FUND OF RESIDUAL FUNDS
REMAINING FROM THE ARTS CENTER BOND ISSUE.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the City Council hereby approves a budget adjustment to establish
Building Costs, Acct. No. 4160 9160 5804 00 in the amount of $60,000.00, and transferring to
Arts Center Bond Fund, Acct. No. 4160 9160 7602 17 in the amount of $36,650.00, and
decreasing Use of Fund Balance, Acct. No. 4160 9160 4999 99 in the amount of $96,650.00.
A copy of the approved budget adjustment is attached hereto marked Exhibit "A" and made a
part hereof.
PASSED AND APPROVED this 7th day of mount:_, 1994.
APPROVED:
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By: :�� • w ��
Fred Hanna, Mayor
ATTEST:
By
Sherry L. Thomas, City Clerk
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City of Fayetteville, Arkansas
Budget Adjustment Form
Budget Year
1994
Department: Arts Center Project Fund
Division
Program:
Date Requested
May 25, 1994
Adjustment M
Project or Item Reguated:
Funding is reques ed to complete the Walton Ars Center and close
the Arts Center P oject Fund.
Project or Item Deleted:
Project is complete and no additional expenditures are anticipated.
Justification of this Increase:
The request is to provide additional funds for capita] acquisitions
for Walton Arts Center and to establish a transfer to the Arts
Center Bond Fund for residual City funds remaining in the Arts
Center Project Fund
Justification of this Decrease:
Bond funds for the construction of the Arts Center must either be used
for capital additions at the Arts Center or transfered to the bond
reserve account held by the bond trustee.
Account Name Amount
Building Costs
Transfer to Arts Center Bond Fund
Increase
60,000
36,650
Account Name Amount
Account Number Project Number
4160 9160 5804 00
7602 17
Decrease
Use Of Fund BALANCE 96,650
Account Number Project Number
4160 0916 4999 99
Approval Signature
Requested
brie
Budget
I
rdi tor
Department Director
Admin. Services Director
Mayor
6Ls-sq
Budget Office Use Only
Type: A BCD ( E/ F
Date of Approval
Posted to General L.edga
Entered in Category Log
Budget Office Copy