Title
Resolution to Amend the Fiscal Year 2025 Council Approved Budget and Appropriate a total of $1,079,616 from the Capital Budget (Projects) Committed Fund Balance Account to the Capital Budget (Projects) Fund to Complete the State-required Implementation of a Medical Exchange System; and, Other Projects
Purpose
PURPOSE/BACKGROUND:
During the fiscal year 2024 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 2024 General Fund savings deposited in the Capital Budget (Projects) Committed Fund Balance account, in the amount of $1,079,616, to the following capital projects as described on the attached schedule:
(1) Fire and Rescue Division Medical Exchange System - $546,375
(2) Special Event Equipment and Enhancement - $275,000
(3) American Theatre - $275,000
(4) Artificial Compression Devices - $82,741
Impact:
No impact.
Recommendation:
Rec
Approve.
Body
WHEREAS, during the fiscal year 2024 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 $1,079,616 from the Capital Budget (Projects) Committed Fund Balance account to the following capital projects as described on the attached schedule:
(1) Fire and Rescue Division Medical Exchange System - $546,375
(2) Special Event Equipment and Enhancement - $275,000
(3) American Theatre - $275,000
(4) Artificial Compression Devices - $82,741
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hampton, Virginia that the Fiscal Year 2025 Council Approved Budget be amended to appropriate a total of $1,079,616 from the Capital Budget (Projects) Committed Fund Balance account to the Capital Budget (Projects) Fund to the following capital projects in the amounts set forth in the recital above:
(1) Fire and Rescue Division Medical Exchange System
(2) Special Event Equipment and Enhancement
(3) American Theatre
(4) Artificial Compression Devices
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.