(8)(b)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 10/21/2020
- Title:
- Amend fiscal year 2020-2021 budget
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Amend the fiscal 2020-2021 budget to appropriate funds for West Annex & Biosphere Facility Parking Lots Improvement Project.
BACKGROUND
The lowest responsible bidder meeting all requirements is Lucas Construction Company, Inc. for the total bid amount of $599,777.00. City Commission awarded this contract under Resolution No. 20-099.
The funding for the biosphere portion of this project should have been carried over from fiscal year 2019-2020. The carryover amount is $415,591. The additional amount of $184,186 is a new budget item. The total funding will come from the General Fund unassigned fund balance.
The funding for the biosphere portion of this project should have been carried over from fiscal year 2019-2020. The carryover amount is $415,591. The additional amount of $184,186 is a new budget item. The total funding will come from the General Fund unassigned fund balance.
ANALYSIS
Budget Amendment:
General Fund (Fund 101):
Public Works Land & Building Improvements $184,186.00
Sanitation Land & Building Improvements $415,591.00
Unassigned Fund Balance ($599,777.00)
General Fund (Fund 101):
Public Works Land & Building Improvements $184,186.00
Sanitation Land & Building Improvements $415,591.00
Unassigned Fund Balance ($599,777.00)