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Centennial committee reviews budget, agrees to keep surplus as seed money for future events
Summary
The City of Port Richey Centennial Events Committee reviewed final expenses and donations for the centennial events, agreed by consensus to place remaining event funds into a carryforward line for future events, and discussed distribution status of donations to five charities.
The City of Port Richey Centennial Events Committee on a consensus decision agreed to keep remaining event funds as seed money for future event planning and asked staff to prepare a resolution to create a carryforward account. The committee reviewed the centennial event budget and donation handling after several event-related refunds and sales were tallied. Committee members said they plan to use the remaining balance to seed future events rather than routing the surplus back into general revenue. Committee members discussed exact spending and refunds. The committee reported a budgeted amount of $47,700 and total spending of $52,668.79, an overage of $4,892.27.…
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