HomeMy WebLinkAboutR-85-03RESOLUTION NUMBER
A RESOLUTION OF ~HE CITY OF SEBASTIAN, FLORIDA,
AMENDING THE BUDGET OF THE MUNICIPAL GOLF COURSE
FOR 1984-1985 BY INCREASING OPERATING REVENUE BY
THIRTY THOUSAND DOLLARS AND INCREASING CAPITAL
OUTLAY FOR BUILDING IMPROVEMENTS BY r~RTY THOUSAND
DOLLARS.
WHEREAS, The City Council has by Resolution authorized the
issuance of twenty (20) Corporate Memberships at the Municipal Golf
Course, and
WHEREAS, it is projected that the issuance of the corporate
memberships will increase operating revenues at the golf course
by the sum of thirty thousand dollars, and
WHEREAS, the City Council has been requested by the Manager of
the Golf Course to allocate the additional revenues of thirty thousand
dollars to the account for capital outlay, building improvements, and
WHEREAS, the City Council concurs in the recommendation of the
Manager of the Golf Course;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF SEBASTIAN, FLORIDA, AS FOLLOWS:
That the Budget of the Muncipal Golf Course be amended as
follows:
page one: increase operating revenues from $927,905.00 to
$957,905.00; increase total revenue from $853,905.00
to $883,905.00; increase operating profit from
$283,228.00 to $313,228.00; increase capital outlay
from $99,600.00 to $129,600.00.
Page two: Increase revenue from memberships from $185,000.00
to $215,000.00; increase total operating revenue
from $831,905.00 to $861,905.00; and increase total
income from $853,905.00 to $883,905.00.
Page Eight: Change Capital Outlay- Building Improvements
from $5,000.00 to $35,000.00 for Club House and
Restaurant expansion.
I HEREBY CERTIFY THAT THE FOREGOING RESOLUTION WAS PASSED BY
THE CITY COUNCIL OF THE CITY OF SEBASTIAN, FLORIDA, ON THE ~~
d&y of ~.~ 198'5. ~..~me~~ r