Executive/Council Action Form (ECAF)
ITEM TITLE:
Title
Motion 21-403, approving a budget transfer between programs within the Road Fund 102
body
DEPARTMENT: Public Works
ORIGINATOR: Alexander Hamm
EXECUTIVE RECOMMENDATION: Approve - Ken Klein 10/26/21
PURPOSE: Approval of this action will authorize the transfer of expenditure authority between programs in the Road Fund 102, 2021 budget, with no net change to the Road Fund 102 overall budget.
BACKGROUND: • The Engineering Services (ES) division’s Reimbursable program requires a budget transfer due to a strong construction season resulting in higher than anticipated contractor payments. • The Road Maintenance (RM) division’s Operations program has excess budget capacity due to several projects being delayed into 2022, including development of a replacement site for the Sand Hill Pit.
FISCAL IMPLICATIONS:
|
EXPEND: FUND, AGY, ORG, ACTY, OBJ, AU |
CURRENT YR |
2ND YR |
1ST 6 YRS |
|
102 50630474102 ES Construction Payments |
$700,000 |
|
$700,000 |
|
102 50620156101 RM Land Payment |
($200,000) |
|
($200,000) |
|
102 50620159101 RM I/F Professional Services |
($500,000) |
|
($500,000) |
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TOTAL |
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REVENUE: FUND, AGY, ORG, REV, SOURCE |
CURRENT YR |
2ND YR |
1ST 6 YRS |
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TOTAL |
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DEPARTMENT FISCAL IMPACT NOTES: This budget action transfers expenditure authority between programs of Fund 102, with a net effect of zero dollars.
CONTRACT INFORMATION:
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ORIGINAL |
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CONTRACT# |
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AMOUNT |
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AMENDMENT |
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CONTRACT# |
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AMOUNT |
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Contract Period
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ORIGINAL |
START |
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END |
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AMENDMENT |
START |
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END |
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OTHER DEPARTMENTAL REVIEW/COMMENTS: Approved - Finance, Nathan Kennedy 10/26/21