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cabarrus county board of commissioners regular meeting november ...

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COUNTY MANAGER'S RECOMMENDATIONS/COMMENTS:This item was approved by the Board for inclusion on the Agenda as aConsent item.BUDGET AMENDMENT:Date: 10/5/2011 Amount: $125,597Dept. Head: Mike DownsDepartment: County Manager Internal Transfer Within Department Transfer Between Departments/Funds Supplemental RequestPurpose:This budget amendment is to appropriate fund balance from FY 2011 for the payment <strong>of</strong> Arena performance incentives to SMG ManagementCompany. The incentive for Food and Beverage is $81,730 and for Arena operations is $43,867. These incentives are based <strong>of</strong>f calculationsthat were agreed upon by management and are related to specific pr<strong>of</strong>itability and performance measurements.Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget42098310-9404 Incentives -Operations $0.00 $43,867.00 $43,867.0042098310-9404-FSVC Incentives - Food/Be $0.00 $81,730.00 $81,730.0042068310-6901 FB Appropriated $0.00 $125,597.00 $125,597.00TotalATTACHMENTSSMG Incentive DocumentsSurveyF-1Page 242

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