Title
Consideration of and action on an ordinance to amend the Fiscal Year 2024-2025 Budget for the Golf Course Lease Fund due to the increase in golf cart lease costs.
Body
Summary:
The Fiscal Year 2024-2025 budget for the Golf Course Lease Fund includes $78,000.00 for the leasing of the golf carts at Battleground Golf Course. In June 2024, the City entered into a new lease in which the fleet was upgraded to carts powered by lithium batteries. The new monthly lease cost is $9,520 monthly/$114,240.00 annually compared to the prior amount of $6,975 monthly/$83,700.00 annually. Due to the increased cost, the Parks and Recreation department is requesting a budget amendment in the amount of $36,240.00 to cover the higher lease payments for the fiscal year to be funded by a transfer of the unassigned fund balance of the General Fund to the Golf Course Lease Fund, which is available for this purpose.
Fiscal/Budgetary Impact:
Add $36,240.00 to the Fiscal Year 2024-2025 budget for the Golf Course Lease Fund (Account No. 084-450-42310, Equipment and Other Rentals and 010-105-45300, Transfers), to be funded by a transfer from the unassigned balance of the General Fund, which is available for this purpose.
Recommended action
Approve the ordinance to amend the Fiscal Year 2024-2025 budget for the Golf Course Lease Fund.