Explanation
BACKGROUND: This legislation authorizes the transfer of funds within the Voted 1988 and the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Funds and the reimbursement to the Division of Electricity for labor and equipment costs incurred in the installation of various street lighting projects from April 27, 2004 through August 17, 2004. This legislation also amends the 2004 Capital Improvements Budget to reflect the transfers and the additional authority made available from the cancellation of encumbrances.
Emergency action is requested in order that the financial transactions and reimbursement to the division may be completed in a timely manner.
Title
To amend the 2004 Capital Improvements Budget; to authorize the transfer of $2,880.81 within the Voted 1988 Street Lighting and Electricity Distribution Improvements LBS 11/92; to authorize the transfer of $5,510.86 within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund; to authorize the reimbursement to the Division of Electricity for labor and equipment costs incurred in the installation of various street lighting projects; to authorize the expenditure up to an amount not to exceed $69,694.66; and to declare an emergency. ($69,694.66)
Body
WHEREAS, the Division of Electricity has incurred costs for labor and equipment necessary for the installation of various street lighting projects from its operating fund; and
WHEREAS, it is necessary to reimburse the Division of Electricity for costs incurred in the construction of various street lighting projects; and
WHEREAS, it is necessary to transfer funds and budget authority within the Voted 1988 and the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Funds to provide funding for the reimbursement to the Division of Electricity; and
WHEREAS, it is necessary to amend the 2004 Capital Improvements Budget to reflect the additio...
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