Fiscal Note
This resolution corrects two budgetary issues. First it rebalances budgets where actual revenues varied from budget estimates over the past several years. It also shifts budget authority from one project to six others to allow for additional work to be completed or to correct a projected deficit balance in the project. Specific account level detail is included on the attachments to this resolution.
No additional G.O. borrowing is required.
There is no anticipated impact upon the tax levy or cost controls.
Title
Amending the 2013 Capital Budget of the Stormwater Utility to Rebalance Budgeted Revenues to Actual Revenues and Transferring Budget Authority to Complete Projects in 2013
Body
WHEREAS several Stormwater Utility projects have budget authority which does not match available and projected funding due to actual revenues varying from budget estimates and therefore need to be corrected as follows:
($250,000) Wingra Creek Corridor (810268)
$422,100 Storm Sewer with Street Projects (810381)
$81,900 Greenway Improvements (810382)
($120,000) Stormwater Basins (810384)
($500,000) Storm Box Replacement (810385)
($800,000) Assessable Drainage (810387)
$14,600 Shorelines (810388)
$2,500 Local Drainage Problems (810389)
($44,000) Street Sweepers (810393)
$16,300 Starkweather Creek (810394)
($30,000) Emergency Sirens (810485)
($6,700) Willow Creek Relief (810514)
($50,000) Rain Gardens (810515)
$132,800 Urban Best Mgmt Practices (810551)
($26,000) Lake Wingra Watershed (810674)
($20,000) Beaches Water Quality Mgmt (810676)
WHEREAS several Stormwater Capital Projects are in need of funding that is available in the Stormwater Basins (810384) capital project in order to either to complete projects in 2013 or to correct a deficit balance in the project:
$5,000 Storm Box Replacement (810385)
$5,000 Assessable Drainage (810387)
$25,000 Shorelines (810388)
$25,000 Local Drainage (810389)
$15,000 Starkweather Creek (810394)
$25...
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