City of Madison - File #: 14233

• File #: 14233
• Version: 2
• Name: Amending the Traffic Engineering 2009 Adopted Capital Budget Project # 1 “Street Light Infrastructure,” (Account # 810411) and Project #7, “Traffic Signal Infrastructure” (Account #810417) to authorize expenditures and offsetting revenues.
• Type: Resolution
• Status: Passed
• File created: 3/27/2009
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 4/21/2009
• Final action: 4/21/2009
• Enactment date: 4/23/2009
• Enactment #: RES-09-00372
• Title: SUBSTITUTE - Amending the Traffic Engineering 2009 Adopted Capital Budget Project # 1 “Street Light Infrastructure,” (Account # 810411) to authorize additional expenditures and offsetting revenues of $500,000; and Project #7, “Traffic Signal Infrastructure” (Account #810417) to authorize expenditures and offsetting revenues of $700,000.
• Sponsors: Paul E. Skidmore

Date	Ver.	Action By	Action	Result
4/21/2009	2	COMMON COUNCIL	Adopt	Pass
4/13/2009	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
3/31/2009	1	COMMON COUNCIL	Refer	Pass
3/27/2009	1	Traffic Engineering Division	Referred for Introduction

Fiscal Note
This resolution amends the 2009 Adopted Capital Budget of the Traffic Engineering agency to recognize available and anticipated revenues derived from non-General Obligation borrowing proceeds (e.g., special assessment revenues, available revenues) and commensurate expenditure authority. The amendment will authorize additional expenditures and offsetting revenues of $500,000 for Street Light Infrastructure (project, #1, Account 810411) and $700,000 for Traffic Signal Infrastructure (project #7, Account 810417). No additional General Obligation borrowing is required. Therefore, there is no direct impact on the levy.
Title
SUBSTITUTE - Amending the Traffic Engineering 2009 Adopted Capital Budget Project # 1 “Street Light Infrastructure,” (Account # 810411) to authorize additional expenditures and offsetting revenues of $500,000; and Project #7, “Traffic Signal Infrastructure” (Account #810417) to authorize expenditures and offsetting revenues of $700,000.
Body
WHEREAS, the 2009 Adopted Traffic Engineering Budget includes a Street Light Infrastructure project (Project #1, Account #810411); and a Traffic Signal Infrastructure project (Project #7, Account #810417) ; and

WHEREAS, the Street Light Infrastructure fund is intended to provide funding for the installation of street lights in projects, and the additional requested expenditure authority would be offset by outside revenue sources and other capital budget sources; and

WHEREAS, the Traffic Signal Infrastructure fund is intended to provide continual replacement and modernization of the existing system with efficient energy-saving equipment, and the additional requested expenditure authority for this project would be offset by outside revenue sources and other capital budget sources; and

WHEREAS, in both the Traffic Signal and Street Light Infrastructure accounts a new accounting method was employed beginning in 2007. The purpose of this change was to reflect the total cost of new infrastructu...