Title
Resolution to Amend the Fiscal Year 2026 Council Approved Budget to Appropriate a total of $3,550,000 from the Capital Budget (Projects) Committed Fund Balance Account to the Capital Budget (Projects) Fund to Complete Capital Projects for Community Development and Information Technology
Purpose
PURPOSE/BACKGROUND:
During the fiscal year 2025 year-end closing process, General Fund savings were deposited in the Capital Budget (Projects) Committed Fund Balance account to facilitate the completion of a number of capital projects.
Discussion:
Appropriate a portion of the fiscal year 2025 General Fund savings deposited in the Capital Budget (Projects) Committed Fund Balance account, in the amount of $3,550,000, to facilitate the completion of the following capital projects:
(1) Property Demolition - $1,800,000
(2) Site Safety and Infrastructure Assessment - $250,000
(3) Wi-Fi Equipment Lifecycle - $1,500,000
Impact:
No impact.
Recommendation:
Approve.
Body
WHEREAS, during the fiscal year 2025 year-end closing process, General Fund savings were deposited in the Capital Budget (Projects) Committed Fund Balance account to facilitate the completion of a number of capital projects;
WHEREAS, City Council is being requested to appropriate a total of $3,550,000 from the Capital Budget (Projects) Committed Fund Balance account to the following capital projects:
(1) Property Demolition - $1,800,000
(2) Site Safety and Infrastructure Assessment - $250,000
(3) Wi-Fi Equipment Lifecycle - $1,500,000
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hampton, Virginia that the Fiscal Year 2026 Council Approved Budget be amended to appropriate a total of $3,550,000 from the Capital Budget (Projects) Committed Fund Balance account to the Capital Budget (Projects) Fund to facilitate the completion of the following capital projects:
(1) Property Demolition - $1,800,000
(2) Site Safety and Infrastructure Assessment - $250,000
(3) Wi-Fi Equipment Lifecycle - $1,500,000
BE IT FURTHER RESOLVED that the City Council authorizes the City Manager, or her designee, to take the necessary steps to implement the prescribed action.