City of Madison, Wisconsin | Legislative Information Center
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File #: 52959    Version: 1 Name: Amend 2018 Transit Utility Budget to Move Funding Between Programs
Type: Resolution Status: Passed
File created: 8/23/2018 In control: Metro Transit
On agenda: 10/16/2018 Final action: 10/16/2018
Enactment date: 10/18/2018 Enactment #: RES-18-00741
Title: Amending the 2018 Metro Transit Capital Budget to transfer $160,875 of existing GO borrowing authority between major programs Transit System Upgrades Program and Transit Coaches Program.
Sponsors: Steve King

Fiscal Note

The proposed resolution amends Metro Transit's Adopted 2018 Capital Budget to transfer existing GO Borrowing budget authority between major capital programs. $160,875 of GO Borrowing authority will be transferred from the Transit System Upgrades Program (MUNIS 85003) to the Transit Coaches Program (MUNIS 85001).

 

MUNIS:

10088-85-150 -  $(7,324)

10088-85-801 -  $(7,324)

11231-85-161 - $(44,000)

11231-85-801 - $(44,000)

11233-85-150 - $(109,551)

11233-85-801 - $(109,551)

 

 

11970-85-150 - $160,875

11970-85-801 - $160,875

Title

Amending the 2018 Metro Transit Capital Budget to transfer $160,875 of existing GO borrowing authority between major programs Transit System Upgrades Program and Transit Coaches Program.

Body

WHEREAS, the City of Madison was awarded the Low-No Emission Grant for Sustainable Madison - Electric Bus Deployment for support of purchase for three electric buses (2018 Legistar File #49545), and

 

WHEREAS, the Low-No Emission Grant for Sustainable Madison-Electric Bus Deployment requires a $187,050 local GO Borrowing funding match to the awarded Federal funding, and

 

WHEREAS, the GO Borrowing appropriation available within the Transit Coaches program is currently $26,175 of the required $187,050 local GO Borrowing funding match requirement, and

 

WHEREAS, there are sufficient remaining funds in the Transit System Upgrades program available for transfer of the $160,875 GO Borrowing needed for the local Low-No grant match;

 

NOW THEREFORE BE IT RESOLVED that the adopted 2018 Metro Transit Capital Budget be amended to transfer $160,875 of GO Borrowing from the Transit System Upgrades program to the Transit Coaches program in order to provide sufficient local match to the Low-No Emission Grant for Sustainable Madison-Electric Bus Deployment.