Regular 2.
Regular City Council Meeting
- Meeting Date:
- 09/22/2014
- TITLE
- Public Hearing and Resolution for FY14 Month 13 Budget Amendments
- PRESENTED BY:
- Patrick M. Weber
- Department:
- City Hall Administration
Presentation:
PROBLEM/ISSUE STATEMENT
Staff is requesting that the City Council conduct a public hearing and consider adopting a resolution that will amend the FY 14 budget as explained below:
Fund 0100-Non Departmental
The bridge over the railroad tracks project bids were in excess of available CTEP grant money so the project was abandoned. CTEP money in the amount of $137,386.90 was spent for project engineering. The money will have to be paid back as the project was not completed. The General Fund Non-Departmental budget does not have enough budget authority to make the payment. Reserves will be used for this payment.
Fund 2400-Planning
The Planning division had two on-going projects that exceeded their FY14 budget. The projects are Highway 3 Corridor Planning Study and the ZooMontana to Riverfront Bike/Pedestrian Connector Study. Federal grant funding will be used for this amendment.
Fund 0100-Non Departmental
The bridge over the railroad tracks project bids were in excess of available CTEP grant money so the project was abandoned. CTEP money in the amount of $137,386.90 was spent for project engineering. The money will have to be paid back as the project was not completed. The General Fund Non-Departmental budget does not have enough budget authority to make the payment. Reserves will be used for this payment.
Fund 2400-Planning
The Planning division had two on-going projects that exceeded their FY14 budget. The projects are Highway 3 Corridor Planning Study and the ZooMontana to Riverfront Bike/Pedestrian Connector Study. Federal grant funding will be used for this amendment.
ALTERNATIVES ANALYZED
The Council may: Approve the requested budget amendments; or Not approve the requested budget amendments, which would put the City in violation of Montana Code Annotated.
FINANCIAL IMPACT
The requested budget amendments will be funded by reserves in the General Fund and a Federal grant in the Planning Fund.
RECOMMENDATION
Staff recommends that the City Council conduct a public hearing and approve the resolution approving and adopting the month 13 budget amendments for Fiscal Year 2013/2014.