(8)(b)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 03/20/2024
- Title:
- Amend the fiscal year 2023/2024 budget
- Submitted For:
- Ryan McClellen
- Submitted By:
- Ryan McClellen, Finance
- Department:
- Finance
Information
ACTION REQUEST
Consider approval of a request to amend the fiscal year 2023-2024 budget.
BACKGROUND (Brief Summary)
A budget amendment to transfer $400,000 from 501705-55560 Water Tank Improvement to the following accounts: $75,000 to 501705-55690-70520 Waterline Rehab Phase 20 and $325,000 to 501705-55690-70521 Waterline Rehab Phase 21.
Budgeted projects to repair and paint 14th Street elevated and 32nd Street ground storage tanks bids have came in half of what was budgeted for. This transfer is moving $400,000 of saved money from 14th Street elevated and 32nd Street ground storage to Phase 20 lowering of an 12 inch water main and 16 inch transmission main and Phase 21 which is nearing the end of the design process.
Budgeted projects to repair and paint 14th Street elevated and 32nd Street ground storage tanks bids have came in half of what was budgeted for. This transfer is moving $400,000 of saved money from 14th Street elevated and 32nd Street ground storage to Phase 20 lowering of an 12 inch water main and 16 inch transmission main and Phase 21 which is nearing the end of the design process.
RECOMMENDATION
The Finance Department recommends the following Budget Amendment:
From:
Water Tank Improvement 501705-55560 $400,000
To:
Waterline Rehab Phase 20 501705-55690-70520 $75,000
Waterline Rehab Phase 21 501705-55690-70521 $325,000
From:
Water Tank Improvement 501705-55560 $400,000
To:
Waterline Rehab Phase 20 501705-55690-70520 $75,000
Waterline Rehab Phase 21 501705-55690-70521 $325,000