SUBJECT:
Title
Multiple Funds - Transportation Improvement Project Re-appropriation Reconciliation
Body
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INITIATOR: |
DEPARTMENT: |
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Audrey Fowler, Director |
Budget |
DESCRIPTION/BACKGROUND:
During budget preparation, Office of County Engineer estimated their transportation project expenditures through September 30, 2024, and requested re-appropriation of budget to FY 2024-25 for any anticipated project balances. The Adopted Budget includes these remaining estimates as "carry-forward" in the capital detail. Upon the final payment of FY 2023-24 expenditures, it may be necessary to adjust the account's line-item budget to increase or decrease the FY 2024-25 appropriations to reflect the remaining project balances. The Budget Office has performed a reconciliation of all Transportation Improvement Projects and are presenting the following Budget Amendment Resolutions for the necessary line-item adjustments.
BUDGET/IMPACT:
Decrease 80% Gas Tax Construction Fund appropriation by $2,702,273
Decrease 2nd Local Option Fuel Tax Fund appropriation by $4,209,856
Decrease Sidewalk Construction Fund appropriation by $21,426
Increase Impact Fee East District appropriation by $276,557
Increase Impact Fee West District appropriation by $3,728,190
RECOMMENDED ACTION:
Recommended action
Approve attached Budget Amendment Resolutions
end