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Item F2 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: MAY 1S, 2000 Division: TDC Bulk Item: Yes XXX No Department: N/A AGENDA ITEM WORDING: Approval of a resolution transferring funds ITEM BACKGROUND: TDC approved same at their meeting of May 3,2000. PREVIOUS RELEVANT BOCC ACTION: BOCC approved FY 2000 budget at their meeting of September 22, 1999. STAFF RECOMMENDATION: Approval TOTAL COST:$467,40S.00 BUDGETED: YES COST TO COUNTY: $467,40S.001T0URIST PAY APPROVED BY: County Attorney X OMB/Purchasing_ Risk Management DIVISION APPROVAL: Lynda M. Stuart (Type/print name) DOCUMENTATION: Included: X To Follow: Not Required Agenda Item # ~ MONROE COUNTY TOURIST DEVELOPMENT COUNCIL MEMORADUM DATE: April 19, 2000 TO: Monroe County Tourist Development Council FROM: Harold Wheeler RE: Transfer of Funds The BOCC at their January, 2000 meeting agreed that the remaining funds of the $1.1 million provided by the TOC for Capital Projects should follow the procedure of the Request for Bid process with review by the appropriate DAC with recommendation for funding through the TOC. A request for bids was advertised, applications received, reviewed by the OAC. DAC I is recommending two projects for funding (Key West Botanical Gardens and Mel Fisher Museum). OAC IV is recommending two projects for the Village of Islamorada (Ann's Beach and Library Beach). In order to appropriate the funds, a transfer from the Districts I & IV Advertising Campaign, and Districts I & IV events portion of their budgets will be moved to Capital Projects. The OAC I & IV Advertising Campaign and the events will therefore, be funded out of the Two Penny Special Project allocation for their specific District. The attached resolution accomplishes the transfer of the funds as described above. RESOLUTION NO. -2000 RESOLUTION TRANSFERRING FUNDS WHEREAS, it is necessary for the Board of County Commissioners of Monroe County, Florida, to make budgeted transfers set up in the Monroe County Budget for fiscal year 1999-2000 and to create new items under said budget, now, therefore. BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA, that the budgeted amounts previously set up in the Monroe County Budget for the fiscal year 1999-2000 in the amounts hereinafter set forth be transferred to and from the following account. '. Transfer from DISTRICT I, 3 CENT Item #117 77020 530480 T07P239X 530480 Function #5500 Dist I Advertising Campaign The sum of$319,185.00 Into DISTRICT I, 3 CENT Item #117 77060 530460 T07M309X 530460 Function #5500 Special Projects Transfer from DISTRICT I, 3 CENT Item #117 77030 530340 T07S 118X 530340 Function #5500 Fantasy Fest 2000 The sum of $57,679.00 Into DISTRICT I, 3 CENT Item #117 77060 530460 T07M309X 530460 Function #5500 Special Projects Transfer from DISTRICT IV, 3 CENT Item - #120 70030 530340 TOOS238X 530340 Function #5500 New Events The sum of $12,585.00 Into DISTRICT IV, 3 CENT Item #120 70060 530460 TOOM309X 530460 Function #5500 Special Projects 1 Transfer from DISTRICT IV, 3 CENT Item #120 70020 530480 TOOP239X 530480 Function #5500 Dist IV Advertising Campaign The sum of $77,959.00 Into DISTRICT IV, 3 CENT Item #120 70060 530460 TOOM309X 530460 Function #5500 Special Projects BE IT FURTHER RESOLVED BY SAID BOARD that the Clerk of Board be and he is hereby authorized to take the necessary action to effect the transfers of funds heretofore set forth. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a regular meeting of said Board held on the _day of , A.D. 2000. Mayor Freeman Mayor Pro Tem Neugent Commissioner Reich Commissioner Harvey Commissioner Williams BY: Mayor/Chairman BOARD OF COUNTY COMMISSION OF MONROE COUNTY, FLORIDA (SEAL) ATTEST: CLERK APPR~~ TOURIST DEVELOPMENT COUNCIL 2