Explanation
The Public Service Department, Transportation Division, employs personnel that are engaged in traffic sign, signal installation and permanent pavement marking activities. These personnel are budgeted within and paid from the division's operating fund, the Street Construction, Maintenance and Repair Fund. These costs can be capitalized. Doing so is consistent with earlier efforts by the Division to reimburse its operating fund when the operating fund incurred expenses more appropriate to capital improvement funding (Ordinances 1795-2004, 0191-2005, 1728-2005, 2162-2005, 0385-2006, and 2166-2006).
This ordinance authorizes the expenditure of $1,245,215.00 or so much thereof as may be necessary for this purpose.
Fiscal Impact: This expenditure is budgeted and available within the Transportation Division's 2007 C.I.B. in the 1995, 1999, 2004 Voted Streets and Highways Fund. The 2007 revenue estimate for the Street Construction, Maintenance and Repair Fund reflects and assumes this revenue.
Title
To authorize the Public Service Director to expend $1,245,215.00 or so much thereof as may be necessary to reimburse the Street Construction, Maintenance and Repair Fund for traffic sign, signal installation and permanent pavement marking expenses incurred by the latter in connection with the Transportation Division's capital improvements program in 2007; to amend the 2007 CIB; to authorize the transfer of $309,354.52 within the 1995, 1999, 2004 Voted Streets and Highways Fund; and to authorize this expenditure from the 1995, 1999, 2004 Voted Streets and Highways Fund. ($1,245,215.00)
Body
WHEREAS, the Transportation Division employs personnel that are engaged in traffic sign, signal installation and permanent pavement marking activities; and
WHEREAS, these costs can be capitalized; and
WHEREAS, the 2007 revenue estimate for the Street Construction, Maintenance and Repair Fund reflects and assumes this revenue; and
WH...
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