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<br />FINANCIAL IMPACT: <br />"Bridge" funding, to be transferred at the time of divestiture for Club Nova was anticipated in the <br />FY2005-06 budget adopted by the BOCC. OPC/LME "bridge" funds were specifically set aside <br />by budget ordinance within the Critical Needs Reserve. <br />The. additional $80,000. would need to be appropriated by the BOCC as part of a proposed <br />Critical Needs Reserve in the FY06-07 operating budget as recommended by the County <br />Manager, for transmittal to Club Nova Community, Inc. through the OPC LME administrative <br />conduit. <br />RECOMMENDATION(S): The Manager recommends that the Board. authorize the release of <br />$40,806 from the Critical Needs Reserve to facilitate the divestiture and transfer of Club Nova <br />from the OPC/LME to Club Nova Community, Inc, and support the set aside of $80,000 as part <br />of a Critical Needs Reserve account in the Managers Recommended budget for FY06-07 to <br />further support the first year of Clubhouse operations under Club Nova Community, Inc. <br />