SUBJECT:
Title
Marion Oaks MSTU - Marion Oaks Recreation - $2,450
Body
INITIATOR:
DEPARTMENT:
Chad Wicker, Director
Municipal Services
DESCRIPTION/BACKGROUND:
The Marion Oaks Community Center Annex exercise equipment was originally budgeted at $6,000 under the Machinery and Equipment account based on initial cost estimates. However, the final purchase cost was $2,445-below the capitalization threshold-requiring the expense to be charged to the Operating Supplies account. This amendment transfers funds from the Machinery and Equipment account to the Operating Supplies account to properly align the budget and ensure sufficient funds are available to meet operational needs through the end of the fiscal year.
BUDGET/IMPACT:
Neutral
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end