title
Ordinance Making Supplemental Appropriation in the Amount of $59,514 from Committed Revenue Funds for Live Oak Bank Pavilion and Riverfront Park
body
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Department: |
Parks and Recreation |
Meeting Date: |
February 4, 2025 |
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Contact Name: |
David Pugh |
Public Hearing: |
N/A |
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Contact Phone: |
910-343-3614 |
Advertising Date/Advertised By: |
N/A |
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Attachments: |
Attachment #1: Riverfront Park FY25 Committed Revenue Ordinance Attachment #2: Committed Revenue FY25 Breakdown |
PURPOSE:
The purpose of this ordinance is to appropriate $59,514 from the Special Revenue Fund to expense funds to cover the costs for mulching, sod, hardscape repair, locks/door hardware repair, purchase of a mower, and lighting upgrades in various locations at Riverfront Park.
BACKGROUND:
The City Fee Schedule includes a $0.50 ticket surcharge designated for non-profit agencies, and a $1.00 ticket surcharge for organizations that are for profit for non-Live Nation productions hosted at the Live Oak Bank Pavilion. The purpose of the ticket surcharge is to ensure the quality and longevity of the Live Oak Bank Pavilion and Riverfront Park. The fees collected are placed in a special revenue fund to be used for maintenance and improvements to the facility/park.
budget
BUDGET IMPACT:
The budget impact is $59,414 from the committed revenue fund CRRFP.
recommendation
RECOMMENDATION / ACTION REQUESTED:
Staff recommends approval of the ordinance so that a supplemental appropriation be made to the General Fund for maintenance to Riverfront Park.