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Item #04 Approval to Transfer Funds Within the 2016-2017 Fiscal Year Budget for the Purpose of Installing Shade Structures at the Family Aquatic Center ocoee florida AGENDA ITEM COVER SHEET Meeting Date: June 6, 2017 Item # <-1 Reviewed By: Contact Name: Jeffrey Hayes Department Director: , „in/- . Contact Number: 407-877-5803 City Manager: /�1� Subject: Authorization to transfer funds within the 2016-17 Fiscal Year B•dget for the purpose of installing shade structures at the Family Aquatic Center. Background Summary: In 2016 the Parks and Recreation Department purchased six shade structures to be installed at the Family Aquatic Center; however, the proposals the department received for the installation of the structures exceeded the remaining funds that were available for the project. The Parks and Recreation Department is requesting authorization to transfer funds in the amount of $7,244 from the kitchen upgrading project at the Beech Recreation Center currently funded in the 2016-17 FY Budget Capital Outlay Account (001-572-00-6400), and utilize those funds for the installation of the shade structures at the Family Aquatic Center. Issue: Should the Honorable Mayor and City Commission authorize the Parks and Recreation Department to transfer funds in the amount of $7,244 from the kitchen upgrading project at the Beech Recreation Center currently funded in the 2016-17 FY Budget, Capital Outlay Account (001-572-00-6400), and utilize those funds for the installation of the shade structures at the Family Aquatic Center? Recommendations The Parks and Recreation Department recommends the Honorable Mayor and City Commission authorize the transfer of funds in the amount of $7,244 from the kitchen upgrading project at the Beech Recreation Center currently funded in the 2016-17 FY Budget, Capital Outlay Account (001-572-00-6400), and utilize those funds for the installation of the shade structures at the Family Aquatic Center. Attachments: None Financial Impact: This will be a transfer of funds within the Capital Outlay Account 001-572-00-6400 in the 2016-17 FY Budget, from the kitchen upgrade project at the Beech Recreation Center to the shade structure installation project at the Family Aquatic Center. Type of Item: (please mark with an `x') Public Hearing For Clerk's Dept Use: Ordinance First Reading X Consent Agenda Ordinance Second Reading Public Hearing Resolution Regular Agenda pCommission Approval Discussion& Direction Original Document/Contract Attached for Execution by City Clerk Original Document/Contract Held by Department for Execution Reviewed by City Attorney N/A Reviewed by Finance Dept. r2) N/A Reviewed by () N/A 2