Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2015-2016 Annual Budget and Amending the 2016 - 2020 Capital Improvements Program, to Provide Funds for the Ash Woods Park Pedestrian Bridge Project (PK4368)
Summary
COUNCIL GOAL: Financially Sound Government
MEETING DATE: April 19, 2016
DEPARTMENT: Parks and Recreation Department
CONTACT: Rhoda L. Savage, Director of Parks and Recreation
RECOMMENDED CITY COUNCIL ACTION:
• Approval of the Ordinance.
ITEM SUMMARY:
• This Ordinance amends the FY2015-2016 annual CIP budget and the 2016 - 2020 Capital Improvement Program, by increasing the budget by $9,000. The additional $9,000 would be transferred from the Parkland Dedication Zone 3 Fund to the Parks Construction Fund and appropriating the funds to CIP project PK4368 Ash Woods Park Hike and Bike Trail Bridge Project.
BACKGROUND INFORMATION:
• Project design and a construction contract has been awarded.
• The ability to complete the project is contingent on amending the project budget as proposed.
• The additional funds will be used to cover costs for materials testing and TDLR review and inspection.
• Finally, an amount of $16,000 was previously approved in the budget to cover a 10% project construction contingency. These funds are only allowed to be used for project construction and may / or may not be expended.
FINANCIAL SUMMARY:
• This Ordinance amends the FY2015-2016 annual CIP budget and the 2016 - 2020 Capital Improvement Program, by increasing the budget by $9,000 and transferring $9,000 from the Parkland Dedication Zone 3 Fund to the Parks Construction Fund and appropriating the funds to CIP project PK4368 Ash Woods Park Hike and Bike Trail Bridge Project.
BOARD OR COMMISSION RECOMMENDATION: N/A