Title
Amending the 2007 CIB budget and 2011 debt service operating budget in the amount of $126,741 to reflect required technical changes to close out the Western District Police Station project.
Body
WHEREAS, the 2007 Western District Police Station project has been completed; and
WHEREAS, the project's actual spending and financing came in higher than budgeted; and
WHEREAS, in order to close out the project, the budget must be amended to establish additional spending and financing authority; and
WHEREAS, a budgeted transfer from the debt service fund (established in RES 10-1559) never occurred, requiring that budgeted authority be established in the 2011 general debt fund operating budget; 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
$126,741 in excess of those estimated in the 2007 capital improvement budget and 2011 general debt operating budget; now
THEREFORE BE IT RESOLVED, that the Council of the City of Saint Paul, upon recommendation of the Mayor, and the advice of the Long Range Capital
Improvement Budget Committee, that $126,741 is available for appropriation in the 2007 capital improvement budget, and 2011 general debt operating budget, and said budget, as heretofore adopted by Council, is hereby further amended by the particulars as specified in the attached financial analysis.
Financial Analysis
See Attachment.
CIB Recommendation
The St. Paul Long-Range Capital Improvement Budget Committee received this request on October 10, 2011 and recommends approval.