Fiscal Note
The proposed resolution transfers state sources-supported funding from the Reconstruction Streets program to the Pavement Management program, and increases the state sources budget in the Grand/Van Hise/Park/Mason Reconstruction Project (MUNIS 10898) to match actual funds received. There is no impact to any City-funded budget sources.
(194,761.83) 13140-402-170
(194,761.83) 13140-402-220
194,761.83 11744-402-170
194,761.83 11744-402-220
225,501.33 10898-402-170
225,501.33 10898-402-220
Title
Amending the 2021 Capital Budget of Engineering Major Streets to correct the budget to match funds received from the State LRIP Program. (5th and 11th AD)
Body
PREAMBLE:
This budget amendment seeks to match the State Sources funding budget for Local Roads Improvement Program (LRIP) with the actual project receiving the funds. The current year LRIP budget is in the Reconstruction Streets program and one of the projects receiving LRIP funds is Holly/Euclid/Toepfer Resurfacing which is in the Pavement Management program. The budget amendment transfers $194,761.83 State Sources budget from the Reconstruction Streets program to the Pavement Management program. Additionally, the Grand/Van Hise project was allocated LRIP funds in 2018 but did not have any State Sources budget to match.
NOW THEREFORE BE IT RESOLVED that the 2021 Capital Budget of Engineering Major Streets is amended to transfer $194,761.83 State Sources budget from Reconstruction Streets program to the Pavement Management program; and
BE IT FURTHER RESOLVED that the 2021 Capital Budget of Engineering Major Streets is amended to add $225,501.33 of budget authority from State Sources.