Explanation
The Public Service Department, Transportation Division, employs personnel that are engaged in traffic sign and signal installation, permanent pavement marking, and roadway design activities. Other project costs incurred by the operating fund are overhead, overtime, materials and other direct costs. These personnel and project expenses 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.
This ordinance authorizes the expenditure of $1,150,000.00 or so much thereof as may be necessary for this purpose.
Fiscal Impact: The amount of this expenditure is $1,150,000.00. $650,000.00 is budgeted and available within the Transportation Division's 2007 Capital Improvement Budget in the 1995, 1999, 2004 Voted Streets and Highways Fund and $500,000.00 is available in the Street and Highway Improvement Fund. The 2007 revenue estimate for the Street Construction, Maintenance and Repair Fund reflects and assumes this revenue.
Emergency Action is requested in order to in order to provide adequate operating resources for the Transportation Division.
Title
To authorize the appropriation and transfer $500,000.00 within the Street and Highway Improvement Fund; to authorize the Public Service Director to expend $1,150,000.00 or so much thereof as may be necessary to reimburse the Street Construction, Maintenance and Repair Fund for traffic sign and signal installation, permanent pavement marking, roadway improvement design and construction expenses, salaries, overhead, overtime, materials and other direct costs incurred by the latter in connection with the Transportation Division's capital improvements program in 2007; to authorize the expenditure of $650,000.00 f...
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