ADOPTED - MARCH 9, 1999

Agenda Item No. 7

Introduced by the Administrative Services/Personnel and Finance Committees of the:

INGHAM COUNTY BOARD OF COMMISSIONERS

RESOLUTION AUTHORIZING AN ADJUSTMENT TO THE 1999 CAPITAL

IMPROVEMENT BUDGET FOR THE INGHAM COUNTY FAIR BOARD

RESOLUTION #99-56

WHEREAS, the Ingham County Fairgrounds is in need of moving and upgrading the infield arena and replacing a vehicle; and

WHEREAS, Resolution #93-56 reserved $150,000 of the Fair Boards retained earnings to be maintained in the Fair fund to be utilized, if necessary, to offset any unanticipated financial losses, but does not designate use for funds exceeding this amount; and

WHEREAS, the amount exceeding the $150,000 minimum in the retained earnings fund for 1997 was $64,910, $7,300 was authorized to be spent on new horse stalls per resolution #98-271, which leaves $57,610; and

WHEREAS, the Ingham County Fair Board has passed a motion to move and upgrade the infield arena at a cost of $50,000 and use the balance $7,610 for a replacement vehicle.

THEREFORE BE IT RESOLVED, that the Ingham County Board of Commissioners authorizes the amendment of the 1999 Capital Improvement Budget to include $50,000 to move and upgrade the infield arena and $7,610 for a replacement vehicle.

BE IT FURTHER RESOLVED, that the Ingham County Controller is authorized to make the necessary budget adjustments.

ADMINISTRATIVE SERVICES/PERSONNEL: Yeas: Czarnecki, Lynch, Severino, Minter

Nays: None Absent: McDonald Approved 3/2/99

FINANCE: Yeas: Grebner, Lynch, Schafer, Juall, Minter

Nays: None Absent: McDonald, Bernero Approved 3/3/99