SBA#223 - Pensacola Bay Center Insurance Reimbursement
From:
Amy Lovoy, Department Head
Organization:
OMB
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #223 - Amy Lovoy, Management and Budget Services Department Director
That the Board adopt the Resolution approving Supplemental Budget Amendment #223, Civic Center Fund (409) in the amount of $20,852, to recognize insurance proceeds from a water line leak at the facility, and to appropriate these funds for the necessary repairs at the Pensacola Bay Center.
BACKGROUND:
The Pensacola Bay Center had a water line leak that caused some water damage at the facility. We have received an insurance reimbursement for those damages, funds will now be appropriated to cover the cost of repairs.
BUDGETARY IMPACT:
This amendment will increase Fund 409 by $20,852.
LEGAL CONSIDERATIONS/SIGN-OFF:
N/A
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Board policy requires increases and decreases in revenues to be approved by the Board.