Vote: approved

Item Text

S-4. BUDGET ADJUSTMENT FOR FY 15 1. Approve an increase in the transfer in the amount of $54,565 from the Stadium District (680) Debt Service Fund (370) Operating Budget (0000) to the Stadium District (680) Cactus League Operations Fund (250) Operating Budget (0000). This will result in an increase in the amount of $54,565 to the expenditure budget for the Stadium District (680) Debt Service Fund (370) Operating Budget (0000) and an increase in the amount of $54,565 to the revenue budget for the Stadium District (680) Cactus League Operations Fund (250) Operating Budget (0000). The above transactions will be offset with corresponding adjustments to Stadium District (680) Eliminations Fund (900) Operating Budget (0000) for a net impact of zero. 2. Approve an increase in the expenditure authority in the Stadium District (680) Cactus League Operations Fund (250) Operating Budget (0000) of $54,565. The action will adjust the District budget to reflect the transfer of the remaining current year Car Rental Surcharge Revenue after debt payments, reserves and operations to the Arizona Sports and Tourism Authority (AZSTA) under the intergovernmental agreement approved on August 27, 2003. 3. Pursuant to Electronic Funds Transfer Policy Number A2512, the Maricopa County Stadium District is requesting authorization to have the Treasurer’s Office process an Electronic Funds Transfer to deposit the remaining current year Car Rental Surcharge Revenue into the Arizona Sports and Tourism Authority’s account a BNY Mellon Trust Services The transfer amount will be $1,230,178. The Stadium District’s request for authorization to the Treasurer’s Office will come from the Director, Daren Frank and the Financial Business Analyst, Barbara Norris. The Stadium District will prepare a corresponding journal voucher to record the EFT transaction on the County’s Financial System in the same accounting period as the EFT. (C-68-15-008-M-00)