SUBJECT/RECOMMENDATION:
Title
Approve establishment of Branding Roll-Out Special Program 181-98602 with a budget of $400,000; and approve a non-interest bearing interfund loan from the Central Insurance Fund to the Special Program Fund in the amount of $400,000 for funding of the branding rollout program.
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SUMMARY:
Branding Roll-Out Special Program 181-98602 will be used to account for expenditures incurred in adopting the City’s new branding logo.
A loan of $400,000 from the Central Insurance Fund will provide temporary financing for unbudgeted departmental costs, primarily signage and uniform replacements in excess of normally budgeted annual replacements.
Repayment of the Central Insurance Fund loan will be included in the fiscal 2016/2017 operating budget.
APPROPRIATION CODE AND AMOUNT:
A first quarter budget amendment will establish special program 181-98602, Branding Roll-Out, in the amount of $400,000.