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Amending the financing and spending plans in the Department of Public Works in the amount of $729,705 in additional revenues, $571,814 transfer of appropriations and $51,859 in lapsed appropriations.
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WHEREAS, in a continuing effort by the Department of Public Works to effectively manage capital budgets, there is a need to rectify the financing and spending within several projects by adding revenues, transferring appropriations and identifying lapsed appropriations; and
WHEREAS, the Department of Public Works is recommending the following changes to resolve the financing and spending on these projects:
• Adding $1,387 of Ramsey County (County) Financing to the Kellogg Boulevard and John Ireland Boulevard Median Project and transferring $32,860 excess Municipal State Aid (MSA) to MSA Contingency to close out the project.
• Adding $20,210 of Saint Paul Sewers (Sewers) financing to the Cleveland Avenue Bike /Selby and Saratoga Bumpouts Project.
• Adding $20,000 of County financing to the SW Corner of Energy Park Drive and Lexington Avenue Project completed under the 2016 Bicycle, Pedestrian and Traffic Safety Program.
• Transferring $3,692 from MSA Contingency to the Phalen Village Left Turn Lanes Project for a late bill and identifying a lapse of appropriation of County financing in the amount of $3,421.
• Adding $30,789 of County financing to the Raymond Avenue Phase I Project.
• Transferring $48,438 of MSA financing from MSA Contingency to the New Freedom Funds Program and identifying a lapse of appropriation of Federal financing in the amount of $48,438 to make a technical correction.
• Transferring $51,582 of MSA financing from MSA Contingency to the Maryland/Arkwright Project to balance the project.
• Adding $34,972 of Federal financing and $10,569 of Bridge Bond financing to the Hamline Bridge Project to equal collected reimbursements.
• Adding $114,000 of Saint Paul Regional Water Services (SPRWS) financing and $63,500 of Sewers financing to the Raymond Avenue Phase II Project.
• Adding $168,000 SPRWS financing and $123,000 of Sewers financing to Raymond Avenue Ave Phase III Project.
• Transferring $64,000 of MSA financing from MSA Contingency to the Montreal Avenue Project to cover final expenses.
• Adding $86,576 of Federal Grant financing to the Western Avenue Project and transferring $146,242 of excess MSA financing to MSA Contingency.
• Adjusting the 2014 RSVP Program to reduce net SPRWS revenue by $31,779 and increase Sewers revenue by $61,990 across all jobs in the program.
• Adding $12,500 of Sales Tax Revitalization (STAR) Program funding and $43,702 assessment financing to the 2014 8th Street RSVP Project.
• Transferring $225,000 of 2012 SIB financing from SIB Contingency to the Payne/Bedford Project to cover the difference between the expected and actual assessments.
• Adjusting MSA Contingency for additions and uses above for a net gain of $11,390.
• Removing $225,000 from SIB Contingency for uses above.
WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, does certify that there is available for appropriation funds of $729,705; and
WHEREAS, the Mayor, pursuant to Section 10.07.4 of the Charter of the City of Saint Paul, does certify that there is available for transfer of appropriation funds of $571,814; and
WHEREAS, the Mayor, pursuant to Section 10.9 of the Charter of the City of Saint Paul, does certify that there are lapsed appropriations of $51,859 in the Capital Improvement Budgets; and
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 $729,705 is available for appropriation, that $571,814 is available for transfer of appropriation and that there is $51,859 lapsed 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 St. Paul Long-Range Capital Improvement Budget Committee received this request on February 13, 2017 and recommended approval.