SUBJECT:
Title
Parks and Recreation Fees Fund - Parks and Recreation Fees - $236,342
Body
INITIATOR:
DEPARTMENT:
Jim Couillard, PLA, ASLA, Director
Parks and Recreation
DESCRIPTION/BACKGROUND:
Request to transfer funds from the Marion County Parks and Recreation Fees Fund (CR362572) Improvements Other than Buildings (563101) to Budget Transfer to Marion County Airport Fund (591106) in the amount of $236,342. This transfer will allow the Department to fund the construction of 20 T Hangars for the Marion County Airport. The T-Hangar project is an 80% FDOT-Grant and 20% Marion County Airport match for the construction of 20 T-hangars. The funds transferred will be a loan from the Parks and Recreation Fees Fund that will have a debt repayment plan of $35,000 annually starting in fiscal 2023 and ending in fiscal year 2030.
BUDGET/IMPACT:
Neutral
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution.
end