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Consent item. <br />BUDGET AMENDMENT: <br />Date: 11/21/2016 Amount: $142,071 <br />Dept. Susan Fearrington Department: Finance - Arena <br />I ead: <br />Internal Transfer Within Department " Transfer Between <br />Departments /Funds b Supplemental Request <br />Purpose: This budget amendment is to appropriate fund balance from FY2016 for <br />the payment of Arena performance management fees to SMG Management <br />Company. These fees are based off calculations that were agreed upon by <br />management and are related to specific profitability and performance measurements. <br />Fees are composed of a quantitative portion relating to Gross Operating revenue and <br />a qualitative portion relating to more subjective performance measures. The fee for <br />th Ar operatio is $58,958 and the f ee for the Food & Beve rage is $83,113. <br />Account Account <br />Number Name <br />Approved <br />Budget <br />F <br />Inc Amount <br />Dec Revised <br />Amount Budget <br />42098310- <br />9404 <br />Performance <br />Incentives <br />1 0.00 <br />58,958.00 <br />F <br />$58,958.00 <br />42098310- <br />9 <br />Performance- <br />Inc F &B <br />Fso.00 <br />83,113.00 <br />F <br />[$83,113.00 <br />42068310- <br />6 901 <br />Fund Balance <br />Ap prop <br />r <br />1 $16,944.00 <br />$142,071.00 <br />$159,015.00 <br />Total <br />ATTACHMENTS <br />o SMG Incentive Calculation <br />F -9 Page 161 <br />