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Prescott Valley CFD board reallocates $385,300 for entertainment center HVAC upgrades
Summary
The Prescott Valley Community Facilities District Board approved a $385,300 budget reallocation on Jan. 9, 2025, to fund deferred HVAC maintenance at the town entertainment center; the move was described by staff as a reallocation of savings that does not change the overall budget.
The Prescott Valley Community Facilities District Board on Jan. 9, 2025, approved a budget amendment reallocating $385,300 to pay for deferred HVAC maintenance and related building repairs at the town entertainment center.
The reallocation was presented by Mr. Newsome, who told the board that the funds come from savings and would be used for additional HVAC upgrades and improvements. "We would like to reallocate it to more HVAC upgrades and improvements," Mr. Newsome said.
Board members asked whether the change affected the overall budget. Mr. Newsome and staff confirmed the amendment was an internal reallocation of previously saved funds and "does not affect your budget at all. It's just reallocating funds that we saved in other areas," according to the meeting record.
Council member Ms. Merrill moved to approve the budget amendment "to reallocate $385,300 of budget authority to fund various deferred maintenance projects under the building capital budget account." The motion was seconded by Mr. Merrill and approved by voice vote. Earlier in the meeting the board also approved the consent agenda by motion and voice vote.
The discussion in the meeting was brief and focused on confirming that the transfer was an internal reallocation for deferred maintenance rather than a request for new or additional budget authority. Staff present included finance personnel and a representative from the event center, identified in the record as Shane.
Votes at a glance
- Consent agenda: Motion to approve all consent items (mover not specified; second not specified). Outcome: approved by voice vote.
- Budget amendment — entertainment center HVAC deferred maintenance: Motion by Council member Ms. Merrill; second by Mr. Merrill. Motion text (as stated in the meeting): "to reallocate $385,300 of budget authority to fund various deferred maintenance projects under the building capital budget account." Outcome: approved by voice vote.
The board had no further agenda business and adjourned after the vote.
