LEGISLATIVE ACTION ITEM
SPONSOR: City Council Member Sherri Myers
SUBJECT:
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TIPPIN PARK COMMUNITY RESOURCE CENTER ADDITIONAL FUNDING
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RECOMMENDATION:
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That City Council transfer the remaining funds from the General Fund, Unassigned Fund Balance to the Tippin Park Community Resource Center. Further that City Council adopt a Supplemental Budget Resolution to appropriate the funds.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
Within the FY21 City of Pensacola Budget, City Council authorized $1,000,000 to begin the process for the Tippin Park Community Resource Center.
In March of 2021, an RFQ was sent out seeking qualifications for an architect for the project.
Within the FY21 Budget, a certain dollar amount was carried forward and placed within the General Fund-Fund Balance. The funds within the fund balance were frozen from future use without Council consent. Fifty Thousand dollars ($50,000) of that fund balance was authorized to go to the Veterans Memorial Park restroom project for site work.
This item seeks to transfer the remaining funds within the fund balance to the Tippin Park Community Resource Center project.
PRIOR ACTION:
March 18, 2021 - RFQ advertised seeking architectural services for the Tippin Park Community Resource Center
February 11, 2021 - City Council approved Supplemental Budget Resolution 2021-17 appropriating $50,000 from the current available fund balance in the General Fund
City Council authorized $1,000,000 towards the Tippin Park Community Resource Center
FUNDING:
Budget: $456,732
Actual: $456,732
FINANCIAL IMPACT:
This action would move the remaining funds from the General Fund - Fund Balance.
STAFF CONTACT:
Don Kraher, Council Executive
ATTACHMENTS:
None
PRESENTATION: No