BUDGET APPROPRIATION FOR HOLIDAY DECORATIONS

Recommendation

Staff recommends that Council appropriate $40,000 from the Downtown Enhancement Fund and Prospective Expenditures as required to pay for the decorations and maintenance for the holiday decoration program.

Background

At the September 10 meeting, Council approved a holiday decoration program budgeted at $40,000. A Council subcommittee (Bowler/Edgerton) was assigned to select the decorations for the City.

Analysis

Since most of the decorations will be in the downtown area, an allocation from the Downtown Enhancement Fund would be fitting for acquiring and maintaining decorations in that area. If selections are made for other areas of the City, the balance of the cost will be assigned to Prospective Expenditures.

Fiscal Impact: $40,000 total from the Downtown Enhancement Fund and Prospective Expenditures (split to be determined by the locations of decorations selected by the Council Subcommittee).

Balance of the Downtown Fund (estimated as of 6/30/99): $111,374.00

Current balance in Prospective Expenditures: $68,922.00

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