HomeMy WebLinkAboutItem 06 Consideration of Transfers within Stormwater Operating Fund Accounts 1.10e center of Good LrP
AGENDA ITEM COVER SHEET
Meeting Date: June 21, 2005
Item # t0
Reviewed By:
Contact Name: Bob Zaitooni Department Director: *;
Contact Number: 6002 City Manager:
Subject: Transfers within Stormwater Operating Fund Accounts
Background Summary:
In order to balance the funds and to pay for the incurred or expected expenditures, it is necessary to make transfers
between the various accounts within the existing Stormwater Operating budgets as follows:
1. Authorize expenditure of$2,800 from Stormwater Operating R&R to pay for storm sewer investigation by Altair
Environmental at 1603 Ison Lane.
2. Transfer$20,000 from Stormwater Operating Fund Contingency(Line 4900)to Engineering Expenses(Line 3120)
to pay engineering expenses related to NPDES and miscellaneous other expenditures.
Issue:
Consider and approve various transfers within the existing Stormwater Operating Funds to pay for various
expenditures.
Recommendations
City Commission to consider and approve expenditure of$2,800 from Stormwater Operating R& R to pay for storm
sewer investigation at 1603 Ison Lane and and Transfer$20,000 from Stormwater Operating Fund Contingency(Line
4900)to Engineering Expenses(Line 3120)to pay for various construction and engineering expenses.
Attachments:
None
Financial Impact:
Uncommitted Stormwater Operating R & R funds are currently at $160,000. The remaining balance in Stormwater
Operating Contingency Funds is $63,975.
Type of Item:
❑ Public Hearing For Cleric's Dept Use:
❑ Ordinance First Reading ® Consent Agenda
❑ Ordinance First Reading ❑ Public Hearing
❑ Resolution 0 Regular Agenda
❑ Commission Approval
❑ Discussion&Direction
❑ Original Document/Contract Attached for Execution by City Clerk
❑ Original Document/Contract Held by Department for Execution
Reviewed by City Attorney ® N/A
Reviewed by Finance Dept. (2 / ( 61-( ❑ N/A
Reviewed by ( ) ❑ N/A
Mayor Abe Cotter of Good Lit Commissioners
S. Scott Vandergrift Danny Howell, District 1
Scott Anderson, District 2
City Manager _ _ Rusty Johnson, District 3
Robert Frank Nancy J. Parker, District 4
STAFF REPORT
TO: The Honorable Mayor and City Commissioners
FROM: Bob Zaitooni, Director of Public Works
DATE: May 24,2005
RE: Transfers within Stormwater Operating Fund Accounts
ISSUE
Should the Honorable Mayor and City Commission approve transfer of funds within the Stormwater Operating
Funds to pay for the unexpected construction and engineering expenditures related to stormwater management?
BACKGROUND/DISCUSSION
In order to balance the funds and to pay for the incurred or expected expenditures, it is necessary to make
transfers between the various accounts within the existing Stormwater Operating budgets as follows:
1. Authorize expenditure of$2,800 from Stormwater Operating R& R to pay for Storm Sewer
investigation by Altair Environmental at 1603 Ison Lane.
2. Transfer $20,000 from Stormwater Operating Fund Contingency (Line 4900) to Engineering Expenses
(Line 3120)to pay engineering expenses related to NPDES and miscellaneous other expenditures.
Uncommitted Stormwater Operating R&R funds are currently at $160,000. The remaining balance in
Stormwater Operating Contingency Funds is $63,975.
RECOMMENDATION
Staff respectfully requests that the Honorable Mayor and City Commission to approve (1) expenditure of
$2,800 from Stormwater Operating R&R, and (2) Transfer $20,000 from Stormwater Operating Fund
Contingency(Line 4900) to Engineering Expenses (Line 3120).