Title
Amending the financing and spending plan in the Department of Parks and Recreation in the amount of $448,214 by first transferring $238,214 in previously accumulated Twins contributions to the Twins budget in the Grant Fund and then transferring $210,000 of this balance on to the Victoria Park Capital Project Fund for project enhancements.
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WHEREAS, the Department of Parks and Recreation is currently creating enhancements at Victoria Park; and
WHEREAS, Twins Grant funding has been identified and approved as a source of funding for enhancements at Victoria Park; and
WHEREAS, Parks and Recreation wishes to transfer $238,214 in fund balance, previously accumulated in the Recreation Special Fund from Twins contributions, to the new Twins Grant Budget in the Grant Fund; and
WHEREAS, it is the desire of the Department of Parks and Recreation to then transfer Twins Grant funds of $210,000.00 to the Victoria Park project for park improvements, with $28,214 remaining in the Twins Grant Fund for future approved expenditures; and
WHEREAS, the Department of Parks and Recreation wishes to amend the existing financing and spending budget for the project to reflect said funds; and
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does certify that there are available for appropriation, funds of $238,214 in excess of those estimated in the 2021 Grant Fund Budget and funds of $210,000.00 in excess of those estimated in the 2021 Capital Improvement Budget; now, therefore, be it
RESOLVED, by the City Council of the City of Saint Paul, upon recommendation of the Mayor and the advice of the Long Range Capital Improvement Budget Committee, that $448,214 is available for appropriation in the 2021 Budget, and said 2021 budget, as heretofore adopted by the Council, is hereby further amended.
Financial Analysis
See Attachment
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee rece...
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