Explanation
1. BACKGROUND
The Department of Public Service employs personnel that are engaged in traffic sign and signal installation, permanent pavement marking application, and roadway improvement design and construction. Project costs incurred by the operating fund are salaries, 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 $772,501.53 or so much thereof as may be necessary for this purpose.
2. FISCAL IMPACT
Funding for this expenditure is budgeted and available within the Streets and Highways G.O. Bond Fund, no. 704. The 2012 revenue estimate for the Street Construction, Maintenance and Repair Fund reflects and assumes this revenue. C.I.B. amendments and funds transfers are necessary to move monies and authority to the appropriate projects.
3. EMERGENCY DESIGNATION
Emergency action is requested to allow the reimbursement of these operating expenses at the earliest possible time to make the Street Construction Maintenance Repair Fund whole.
Title
To authorize the Director of Public Service to expend $772,501.53 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 Fund in connection with the Division of Planning and Operations' capital improvements program in 2012; to amend the 2012 C.I.B.; to authorize the transfer and expenditure of monies within the Streets and Highways G.O. ...
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