SUBJECT:
Title
Budget Transfer from American Rescue Plan Emergency Rental 2 Fund to General Fund - $437,534
Body
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INITIATOR: |
DEPARTMENT: |
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Michael McCain, P.E., Executive Director |
Administration |
DESCRIPTION/BACKGROUND:
Move $437,534 in interest revenue generated by the American Rescue Plan Emergency Rental Assistance 2 (ERA-2) Fund to the Consolidated Fleet Facility Project (FLC000001) in the General Fund. This transfer will increase the total project budget to $24,063,777.
BUDGET/IMPACT:
Increase American Rescue Plan Emergency Rental 2 Fund appropriation by $437,534.
Increase General Fund appropriation by $437,534.
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolution, amend the CIP and approve re-appropriation of funds to FY 2026-27 Budget.
end