Agenda Item Name:
Title
Move budget between Capital Projects
End
Presenter:
Ramon Gavarrete, 352-548-1214
Description:
There are several Capital Road Projects which are nearing completion but need additional funding to complete so moving budget from finished projects to projects with projected shortfall.
Recommended Action:
Recommended Action
Approve budget amendment 2022-936 which moves budget from finished projects to projects almost complete with a projected shortfall. Approve the additional costs for the projects that require budget above the previously approved levels.
End
Prior Board Motions:
None
Fiscal Consideration:
Fiscal Consideration
Approve budget amendment 2022-936 moving funds from finished projects to projects with a projected shortfall. The NW 69th Terrace Sidewalk needs an additional $12,000 and NE/SE 219A needs an additional $125,000. The budget amendment to be approved has $30,748 coming from account 341.79.7910.541.63.99 ($30,748 from CR1475) and $106,252 coming from account 350.79.7910.541.63.99 ($30,327 from CR 1475 and $75,925 from NW 16th Ave). End
Strategic Guide:
Infrastructure
Background:
There are two projects (CR 1475 and NW 16th Ave) that have been completed and have remaining project balances which the department is requesting to be reallocated to two other projects (NW 69th Terrace Sidewalk and NE/SE 219A).
CR 1475 (project# 8217901) which was an emergency mill and resurface due to damage from the rerouting of US 301 traffic due to a fatal accident has a remaining project balance of $61,076.58 ($30,748.96 in account 341.79.7910.541.63.99 and $30,327.62 in account 350.79.7910.541.63.99).
The NW 16th Ave Mill and Resurface and Intersection Improvements Project (project# 9177902) has a remaining project balance of $352,764.17 ($142,527.88 in account 341.79.7910.541.63.99, $156,600.00 in account 350.79.7910.541.63.99, $0.91 in account 341.79.7916.541.63.99, $36,777.84 in account 353.79.7910.541.63.9...
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