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File #: RES PH 15-340    Version: 1
Type: Resolution-Public Hearing Status: Passed
In control: City Council
Final action: 12/2/2015
Title: Amending the financing and spending budgets in the Department of Public Works by adding MSA financing and CIB financing from the appropriate contingency accounts into the Signalized Intersection Safety Improvements Program.
Sponsors: Russ Stark
Code sections: Sec. 10.07.1. - Supplemental appropriations., Sec. 10.07.4. - Transfer of appropriations., Sec. 10.09. - Lapse of appropriations_Capital improvements.
Attachments: 1. RES PH 15-340 FINANCIAL ANALYSIS

Title

Amending the financing and spending budgets in the Department of Public Works by adding MSA financing and CIB financing from the appropriate contingency accounts into the Signalized Intersection Safety Improvements Program.

Body

WHEREAS, the Department of Public Works proposes to align the actual financing and expenditures associated with the various projects done under the Signalized Intersection Safety Improvements Program, and

WHEREAS, some of the projects done under this program received more financing than originally budgeted, others need additional financing to cover all of the expenditures, and there was one project that was cancelled that freed up financing to be used for other projects in the program, and

WHEREAS, the need for additional financing of $25,000 will come from 2014 CIB Contingency and $20,063 will come from 2015 MSA Contingency, and

WHEREAS, the Mayor, pursuant to section 10.07.01 of the Charter of the City of Saint Paul, does certify that there are available for appropriation funds of $49,925, and

WHEREAS, the Mayor, pursuant to Section 10.07.04 of the Charter of the City of Saint Paul, does certify that there are available for transfer of appropriation funds of $332,471, so

THEREFORE BE IT RESOLVED, by the Council of the City of Saint Paul, upon recommendation of the Mayor and advice of the Long Range Capital improvement Budget Committee, that $49,925 is available for appropriation and that $332,471 is available for transfer of appropriation in the Capital Improvement Budgets, as heretofore adopted and amended by this Council, be hereby further amended in the Improvements Budgets in the following particulars:

Financial Analysis

See Attachment

 

CIB Recommendation

The Saint Paul Long-Range Capital Improvement Budget Committee received this request on November 16, 2015 and recommended approval.

 

Date NameDistrictOpinionCommentAction
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