File #: ID# 159-25    Version: 1 Name:
Type: Action Item Status: Passed
File created: 2/5/2025 In control: Fair
On agenda: 2/11/2025 Final action: 2/11/2025
Title: FAIR MID-YEAR BUDGET MODIFICATIONS FOR FISCAL YEAR 2024-2025 SUBJECT: Resolution approving the Fair Department's mid-year budget modifications for Fiscal Year 2024-2025 to rectify the negative cash balance and increase the budget appropriation for the Fair to operate for the remainder of the Fiscal Year. FISCAL IMPACT: Impact to the General Fund of $160,000 and reallocation of special one time funds from Fund No. 113 and Fund No. 103. ACTION REQUESTED: 1) Adopt a resolution (4/5 vote required); and/or 2) provide direction to staff.
Attachments: 1. Resolution- Fair Financials

Title

FAIR MID-YEAR BUDGET MODIFICATIONS FOR FISCAL YEAR 2024-2025

SUBJECT: Resolution approving the Fair Department's mid-year budget modifications for Fiscal Year 2024-2025 to rectify the negative cash balance and increase the budget appropriation for the Fair to operate for the remainder of the Fiscal Year.

FISCAL IMPACT: Impact to the General Fund of $160,000 and reallocation of special one time funds from Fund No. 113 and Fund No. 103.

ACTION REQUESTED: 1) Adopt a resolution (4/5 vote required); and/or 2) provide direction to staff.