City of Racine - File #: 08-2980

• File #: 08-2980
• Version: A
• Name: discuss an additional subsidy needed to cover the 2008 Civic Centre obligations.
• Type: Communication
• Status: Passed
• File created: 12/1/2008
• In control: Finance and Personnel Committee
• Final action: 12/16/2008
• Title: Subject: Tim Sullivan, Director of Venue Works and Rick Edgar, Director for the Racine Civic Centre, requesting to appear before the Finance & Personnel Committing wishing to discuss additional subsidy needed to cover the 2008 Civic Centre obligations. (Res.08-1153) Recommendation of the Finance & Personnel Committee on 12-08-08: Permission be granted for the Finance Director identify and transfer remaining 2008 general fund dollars to fully fund any 2008 operating deficit, not to exceed $165,000, incurred by the Racine Civic Centre. Fiscal Note: The deficient is currently estimated at $155,000. Funds will be transferred from the General Fund 101 to the Civic Centre Fund 108.
• Related files: Res.08-1153

Date	Ver.	Action By	Action	Result
12/16/2008	A	Common Council	Approved as Presented	Pass
12/8/2008	A	Finance and Personnel Committee
12/2/2008	A	Common Council	Referred

Title

Subject:  Tim Sullivan, Director of Venue Works and Rick Edgar, Director for the Racine Civic Centre, requesting to appear before the Finance & Personnel Committing wishing to discuss additional subsidy needed to cover the 2008 Civic Centre obligations. (Res.08-1153)

Recommendation of the Finance & Personnel Committee on 12-08-08:  Permission be granted for the Finance Director identify and transfer remaining 2008 general fund dollars to fully fund any 2008 operating deficit, not to exceed $165,000, incurred by the Racine Civic Centre.

Fiscal Note:  The deficient is currently estimated at $155,000.  Funds will be transferred from the General Fund 101 to the Civic Centre Fund 108.