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File #: 2925-2022    Version: 1
Type: Ordinance Status: Passed
File created: 10/21/2022 In control: Finance Committee
On agenda: 11/14/2022 Final action: 11/16/2022
Title: To amend the 2022 Capital Improvement Budget; to authorize a transfer within and the expenditure of $390,202.00 from the Construction Management Capital Improvement Fund; to authorize the expenditure of $29,080.00 from the Public Safety Capital Improvement Fund, in order to reimburse the general fund for construction and building renovation expenses incurred by the Office of Construction Management; and to declare an emergency. ($419,282.00)
Attachments: 1. 2925-2022 Legislation Template
Explanation

BACKGROUND: The Finance and Management Department, Office of Construction Management, employs personnel that are engaged in overseeing various construction and building renovation capital projects for the City. The staffing costs for the Office of Construction Management are initially expensed to the general fund; however, the portion related to managing capital projects is eligible to be capitalized. Doing so is consistent with earlier efforts by the Office of Construction Management to reimburse the general fund when the general fund has incurred expenses more appropriate to capital improvement funding. Most recently, Ordinance 2080-2022 authorized $168,500.00 for this purpose. The Office of Construction Management tracks the hours each employee works on individual projects and bills these hours to the associated capital project. This process reimburses the general fund for the portion of staff time attributable to capital projects.

Emergency action is requested so that reimbursement to the general fund can occur as quickly as possible. Up-to-date financial posting promotes accurate accounting and financial management.

Fiscal Impact: This ordinance authorizes the City Auditor to encumber $390,202.00 within the Construction Management Capital Improvement Fund and $29,080.00 within the Public Safety Capital Fund for the purpose of Office of Construction Management staffing costs.

Title
To amend the 2022 Capital Improvement Budget; to authorize a transfer within and the expenditure of $390,202.00 from the Construction Management Capital Improvement Fund; to authorize the expenditure of $29,080.00 from the Public Safety Capital Improvement Fund, in order to reimburse the general fund for construction and building renovation expenses incurred by the Office of Construction Management; and to declare an emergency. ($419,282.00)

Body
WHEREAS, the Office of Construction Management employs personnel engaged in construction and building renovatio...

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