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3.5 EDSR 05-14-2012REQUEST FOR ACTION TO ITEM NUMBER Economic Develo ment Authori 3.5 AGENDA SECTION MEETING DATE PREPARED BY May 14, 2012 ClayWilfahrt, Assistant Director of Economic Develo ment ITEM DESCRIPTION REVIEWED By Approve Budget Amendment -Donation to Initiative Foundation REVIEWED BY ACTION REQUESTED Approve Budget Amendment BACKGROUND On January 9, 2012, the EDA approved a donation to the Initiative Foundation in the amount of $2,500. The EDA approved this donation after adopting the budget, and we would like to adjust the current budget to reflect the approval. FINANCIAL IMPACT Reallocate $2,500 from Professional Services to the Miscellaneous line item in the amount of $2,500. Action Motion by Second by Vote Follow Up N \Depaxunerns\CommunityDevelopment\Economic Development\EDA to move\Agenda\Year 2012\5-1412 EDA Agenda\RFA Initiative Donation.doc