Explanation
Background:
This ordinance will authorize the appropriation, transfer and expenditures for materials and equipment in conjunction with various facility and park improvements. In addition, this ordinance will authorize expenditure corrections for previous 2008 expenses that used Fund 285 and amend the 2008 Capital Improvements Budget.
Materials will include lumber, paint, electrical, building supplies and lighting for park and facility improvements.
Funding for these expenditures is being transferred from the unallocated balance of the Recreation and Parks Permanent Improvement Fund to the Facility Improvements Project Fund.
Emergency action is requested to allow these projects to proceed in a timely manner and to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up-to-date financial posting promotes accurate accounting and financial management. Emergency action is also necessary in order to have funding available for necessary expenditures.
Fiscal Impact:
$110,000.00 is required and budgeted in the Recreation and Parks Permanent Improvement Fund to meet the financial obligations of these various expenditures.
$110,000.00 is being transferred within the Recreation and Parks Permanent Improvement Fund, as described in Section 4 of this ordinance.
Title
To authorize the appropriation, transfer and expenditure of $110,000.00 within the Recreation and Parks Permanent Improvement Fund for various facility renovations, to amend the 2008 Capital Improvements Budget, and to declare an emergency. ($110,000.00)
Body
WHEREAS, various materials for facility improvements are necessary within the Recreation and Parks Department; and
WHEREAS, expenditure corrections for previous 2008 materials purchased using Fund 285 will be expenditure corrected; and
WHEREAS, emergency action is requested to allow these projects to proceed in a timely manner and to a...
Click here for full text