12/13/2016 Resolutions 2016-307RESOLUTION 2016-307
WHEREAS, City's fiscal year 2016-2017 budget included budgeted income and
expenses for the City's Golf Course Enterprise Fund; and
WHEREAS, receipts received to date from operation of City's golf course have not
been sufficient to meet budgeted expenditures and, based upon historic seasonal trends, such
insufficiency is expected to continue throughout the winter season; and
WHEREAS, there currently exist within City's General Fund sufficient surplus
monies to permit a transfer of monies from the General Fund to the Golf Course Enterprise Fund for
payment of budgeted expenses of the Golf Course Enterprise Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, City's Finance Director should be and is hereby
authorized and directed to transfer $200,000.00 from City's General Fund and credit the same to
City's Golf Course Enterprise Fund for payment of budgeted expenses of the Golf Course Enterprise
Fund.
Adopted by the City Council of the City of Grand Island, Nebraska, on December 13, 2016.
Attest:
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RaNae Edwards, City Clerk
Jere y. Jen n, yo
Approved as to Form tt
December 12, 2016 � ity rney