Fiscal Note
The proposed resolution amends the 2016 Adopted Capital Budget by moving a total of $351,300 spending authority from two existing capital projects to the Engineering Service Building Addition capital project (MUNIS 10308). Additionally it approves the proposed contract for the work needed in the amount of $3,428,390 for planned improvements at the Engineering Services building.
The proposed budget transfer is needed to provide sufficient funding for the contract. Expenditure authority being transferred in the proposed resolution will be moved from Engineering’s capital projects for Equipment and Vehicles in 2016 (MUNIS 10975) and Service Building Improvements (MUNIS 10192). These projects are funded by a combination of GO borrowing and utility reserves funding.
The Engineering Service Building Addition project currently has a combined budget authority of $3,428,390. The construction is expected to cost $3,779,690 leaving a deficit of $351,300. The source projects have sufficient budget authority to provide for the needed $351,300. The requested transfer of spending authority has the following affect on each agency’s capital budget authority by project:
Agency Project Net Authority Increase Net Authority Decrease
Sewer 10975 147,200
Sewer 10976 69,500
Sewer 10308 216,700
Stormwater 10975 73,200
Stormwater 10976 34,700
Stormwater 10308 107,900
Landfill 10975 15,000
Landfill 10976 11,700
Landfill 10308 26,700
Total 351,300 351,300
MUNIS Funding Strings:
$147,200 10975-83-806 (Sewer Reserves)
($147,200) 10975-83-150 (Sewer Equipment)
$73,200 10975-84-806 (Stormwater Reserves)
($73,200) 10975-84-150 (Stormwater Equipment)
$15,000 10975-404-302 (Landfill Fees)
($15,000) 10975-404-150 (Landfill Equipment)
$69,500 10976-83-806 (Sewer Reserves)
($69,500) 10976-83-140 (Service Building Improvements-Sewer)
$34,700 10976-84-806 (Stormwater Reserves)
($34,700) 10976-84-140 (Servi...
Click here for full text