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Title:
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Budget Amendment - Indirect Cost Plan
RESOLUTION 26-034 APPROVING BUDGET AMENDMENT 2026-007 TO ADJUST THE ALLOCATION OF INDIRECT COSTS AND PROVIDING AN EFFECTIVE DATE (To update departmental and fund budgets based on the results of the fiscal year 2025 City of Sanibel Full Cost Allocation Plan prepared by Maguire Associates of Virginia, Inc. This amendment increases revenue to the General fund by $668,051 and increases transfers out in the General fund by $68,025. The amendment also increases revenues to the Ballfield Maintenance fund by $108,583 (including $68,025 increase in transfer from the General fund). The total amendment increases the fiscal year 2026 budget by $776,634 (as a result of the transfers between funds and intergovernmental revenue sources).
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