COCOA COMMUNITY REDEVELOPMENT AGENCY AGENDA ITEM
Memo Date: March 4, 2024
Agenda Date: April 16, 2024
Prepared By: Ryan Browne, Redevelopment Coordinator
Through: Charlene Neuterman, Community Services Director
Requested Action:
title
Request Agency approval of a Resolution Amending the FY 2024 Budget, BAF# 24-060-T, in the amount of $5,000, to reallocate budget to the more specific Sub-Object, namely “Repairs/Maintenance - Buildings” (46-02), rather than the more general Object, “Repairs/Maintenance” (46-00), therefore providing a more accurate accounting of funds.End
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BACKGROUND:
In the City of Cocoa “Chart of Accounts” publication (Finance Department, Revised March 2023, pg. 9) - under the “Expenditure/Expense” Category, in the “Operating Accounts” Sub-Category, there is a Sub-Object (46-02) for “Repairs/Maintenance - Buildings” - which is a more specific place to put budget for building-related expenses having to do with repairs and maintenance issues. This is in contrast to the more general Object (46-00) for “Repairs/Maintenance.”
This change is to make sure that the accounting is as specifically allocated as accurately as possible. Especially since there are additional funds in the Object (46-00) account used for different purposes. This allows easier accounting of how much was actually spent on this category.
BUDGETARY IMPACT:
Budgeted Yes
If not budgeted, is amendment/transfer attached? Yes
Amount Requested $5,000
Account Number 110-3230-559.46-02
Account Name Repair/Maintenance - Building
Source of Funds: __x__ Transfer Acct #:_110-3230-559.46-00
Repair/Maintenance
PREVIOUS ACTION:
N/A.
RECOMMENDED MOTION:
Recommendation
Request Agency approval of a Resolution Amending the FY 2024 Budget, BAF# 24-060-T, in the amount of $5,000, to reallocate budget to the more specific Sub-Object, namely “Repairs/Maintenance - Buildings” (46-02), rather than the more general Object, “Repairs/Maintenance” (46-00), therefore providing a more accurate accounting of funds.