City of Madison - File #: 40433

• File #: 40433
• Version: 1
• Name: Amending the 2015 Capital Budget for Engineering-Bicycle & Pedestrian to increase budget authority to recognize additional Special Assessments, TIF and Reimbursement of Expenses as funding sources for the various Sidewalk Program projects.
• Type: Resolution
• Status: Passed
• File created: 10/14/2015
• In control: BOARD OF ESTIMATES (ended 4/2017)
• On agenda: 11/3/2015
• Final action: 11/3/2015
• Enactment date: 11/5/2015
• Enactment #: RES-15-00851
• Title: Amending the 2015 Capital Budget for Engineering-Bicycle & Pedestrian to increase budget authority to recognize additional Special Assessments, TIF and Reimbursement of Expenses as funding sources for the various Sidewalk Program projects.
• Sponsors: Paul R. Soglin

Date	Ver.	Action By	Action	Result
11/3/2015	1	COMMON COUNCIL	Adopt - 15 Votes Required	Pass
10/26/2015	1	BOARD OF ESTIMATES (ended 4/2017)	RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER	Pass
10/20/2015	1	COMMON COUNCIL	Refer	Pass
10/14/2015	1	Engineering Division	Referred for Introduction

Fiscal Note

This budget amendment adds a total of $485,300 in budget authority to sub-projects of the Sidewalk Program major capital project.  The projects and amounts are listed below:

State Street Sidewalk (10161):

     $35,000 TID 32 Funding (10161-403-906)

     $11,300 Reimbursement of Expenses (10161-403-750)

District 10 Sidewalk  (10152):

     $20,000 Special Assessments (10152-403-904)

District 20 Sidewalk (10155):

     $50,000 Special Assessments (10155-403-904)

Citywide Requested Sidewalk (10157):

     $61,000 Reimbursement of Expenses (10157-402-750)

     $10,000 Special Assessments (10157-402-904)

     $285,000 Reimbursement of Expenses (10157-403-750)

     $13,000 Special Assessments (10157-403-904)

Title

Amending the 2015 Capital Budget for Engineering-Bicycle & Pedestrian to increase budget authority to recognize additional Special Assessments, TIF and Reimbursement of Expenses as funding sources for the various Sidewalk Program projects.

Body

WHEREAS, $395,000 of GO funding was not borrowed due to lower than expected City funded repair work; and

WHEREAS, several Sidewalk Program sub-projects will have non-GO funding sources that will come in over budget; and

WHEREAS, the budget authority in the State St Sidewalk Repair capital project (10161) is currently short $35,000 in TIF funding and $11,300 in Reimbursement of Expense (MG&E); and

WHEREAS, the budget authority in the District 10 Ordered Sidewalk (10152) and the District 20 Ordered Sidewalk (10155) projects are currently short $70,000 in Special Assessment funding; and

WHEREAS, the Citywide Requested Sidewalk project (10157), which does work for other City agencies as well as some assessable work, is currently short $23,000 in Special Assessment and $346,000 in Reimbursement of Expenses (from other City agencies); and

WHEREAS, in order to correct these budgetary issues, a budget amendment is necessary to increase the budget authority in recognition of these additional realized revenue sources.

NOW, THEREFORE, BE IT RESOLVED, that the 2015 Capital Budget of Engineering-Bicycle and Pedestrian is hereby amended to add an additional $485,300 in budget authority to properly reflect in the budget the expected additional funding sources for various sidewalk projects.