Explanation
The Finance and Management Department, Office of Construction Management, employs personnel that are engaged in overseeing various construction and building renovation capital projects. These personnel are budgeted within and paid from the General Fund. These costs can be capitalized. Doing so is consistent with earlier efforts by the Office to reimburse the General Fund when the General Fund incurred expenses more appropriate to capital improvement funding. The Office tracks the hours that each employee worked on individual projects and bills these hours back to the proper capital project.
Fiscal Impact: This expenditure is budgeted and available within the Construction Management Capital Improvement Fund, the Safety Voted Bond Fund, and the Health G.O. Bonds Fund. This ordinance authorizes the expenditure of $442,500.00 or so much thereof as may be necessary for this purpose.
Title
To authorize the Finance and Management Director to expend $442,500.00 or so much thereof as may be necessary to reimburse the General Fund for construction and building renovation expenses incurred by the Office of Construction Management; to amend the 2007 CIB; to authorize the transfer of $15,000.00 within the Safety Voted Bond Fund; to authorize the transfer of $15,000.00 within the Construction Management Capital Improvement Fund; and to authorize this expenditure from the Construction Management Capital Improvement Fund, the Safety Voted Bond Fund, and the Health G.O. Bonds Fund. ($442,500.00)
Body
WHEREAS, the Office of Construction Management employs personnel that are engaged in construction and building renovation activities; and
WHEREAS, these costs can be capitalized; and
WHEREAS, this ordinance amends the 2007 Capital Improvements Budget; and
WHEREAS, it is necessary to authorize this expenditure in order to provide adequate operating resources for the Office of Construction Management; now, therefore,
BE IT ORDAINED...
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