Title
Amending the 2025 spending budget in Engineering Fund of the Department of Public Works, moving $1,355,301 of contingency spending from the Construction Projects accounting unit to the Local Option Sales Tax accounting unit to better align spending and financing budgets.
Body
WHEREAS, the Department of Public Works FY25 budget allocated $1,355,301 in contingency spending for Local Option Sales Tax activity; and
WHEREAS, the Local Option Sales Tax budget was established in the Engineering Fund, and all spending was budgeted in the Construction Projects accounting unit. Since then, an accounting unit dedicated to Local Option Sales Tax has been established; and
WHEREAS, moving this contingency budget aligns spending and financing for Local Option Sales Tax activity; therefore via
ADMINISTRATIVE ORDER, consistent with the authority granted to the Mayor in Section 10.07.4 of the City Charter, and on the request of the Director of Public Works to amend the 2025 spending budget for the reallocation of funds within existing budgets. The Director of the Office of Financial Services is authorized to amend said budget in the manner specified in the attached financial analysis.
Financial Analysis
See Attachment.