Title
Consider/Discuss/Act on a Resolution Amending the Fiscal Year 2015-2016 Annual CIP Budget and the 2016 - 2020 Capital Improvements Program for FC1611 Downtown Parking Various Lots
Summary
COUNCIL GOAL: Financially Sound Government
MEETING DATE: June 7, 2016
DEPARTMENTS: Public Works, Facilities Construction
CONTACTS: Patricia L. Jackson, PE - Facilities Construction Manager
RECOMMENDED CITY COUNCIL ACTION:
• Approval of Resolution
ITEM SUMMARY:
• This Resolution amends the budget by transferring $1,500,000 from FC1203 Downtown Parking Improvements to FC1611 Downtown Parking Various Lots.
BACKGROUND INFORMATION:
• FC1203 was opened 10-01-13 with a budget balance of $3,000,000. In 2016 the decision was made to close FC1203 and move $1,500,000 of the remaining $2,545,525 to a separate project for downtown parking lot improvements (FC1611).
FINANCIAL SUMMARY:
• Transfer of funds in the amount of $1,500,000 from FC1203 Downtown Parking Improvements to FC1611 Downtown Parking Various Lots.
BOARD OR COMMISSION RECOMMENDATION:
• N/A