Action Items 3.
Metro Trans Engineering & Construction Cooperative (MTECC)
- Meeting Date:
- 12/08/2022
REQUESTED ACTION:
MOTION TO APPROVE: A Resolution of the Board of the Metro Transportation Engineering and Construction Cooperative (MTECC), adopting the Operating Budget for the 2022-2023 Fiscal Year, providing for implementation and an effective date.
WHAT THIS ACTION ACCOMPLISHES:
This action ensures that MTECC as an interlocal agency can accept revenues and disburse expenditures during fiscal year 2022-2023. The assumed revenues are from contributions from the cities that are members of MTECC. Expenditures are as outlined for categories in the operating budget for the ongoing administrative operations of MTECC. If more members are added and when specific grant funded projects are added a budget amendment will be proposed to the Board. A draft budget was provided at the MTECC Board meeting on October 13, 2022.
SUMMARY EXPLANATION/BACKGROUND:
The adoption of the MTECC Fiscal Year 2022-2023 Operating Budget meets the legal requirements for adoption of a budget for the interlocal agency.
MPO STAFF RECOMMENDATION(S):
Staff recommends approval of the proposed FY 2022-23 MTECC Budget.
ADDITIONAL INFORMATION/PREPARER:
If you have any questions about this item, please contact Lowell Clary at (850) 212-7772 or lowell.clary@claryconsulting.com.