Title
Resolution to Amend the Fiscal Year 2024 Council Approved Budget and Appropriate a total of $6,092,394 from the Capital Budget (Projects) Committed Fund Balance Account to the Capital Budget (Projects) Fund to Complete Equipment/Vehicle Acquisition, Enhanced Maintenance and Other Projects
Purpose
PURPOSE/BACKGROUND:
During the fiscal year 2023 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 2023 General Fund savings deposited in the Capital Budget (Projects) Committed Fund Balance account, in the amount of $6,092,394, to the following line items:
(1) Public Works-Facilities Maintenance - $2,310,000
(2) Settler's Landing Pedestrian Bridge - $832,394
(3) Sheriff-Jail Vehicle Replacements - $500,000
(4) Contingency Reserve - $2,450,000
Impact:
No impact.
Recommendation:
Rec
Approve.
Body
WHEREAS, during the fiscal year 2023 year-end closing process, General Fund savings were deposited in the Capital Budget (Projects) Committed Fund Balance account to facilitate the completion of equipment/vehicle acquisition, enhanced maintenance and other projects;
WHEREAS, City Council is being requested to appropriate a total of $6,092,394 from the Capital Budget (Projects) Committed Fund Balance account to the following line items:
(1) Public Works-Facilities Maintenance in the amount of $2,310,000 to complete enhanced maintenance to city-owned facilities.
(2) Settler's Landing Pedestrian Bridge in the amount of $832,394 to complete repairs.
(3) Sheriff-Jail Vehicle Replacement in the amount of $500,000 to acquire inmate transportation vehicles.
(4) Contingency Reserve in the amount of $2,450,000 to address increased costs in the Capital Budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hampton, Virginia that the Fiscal Year 2024 Council Approved Budget be amended to appropriate a total of $6,092,394 from the Capital Budget (Projects) Committed Fund Balance account to the Capital Budget (Projects) Fund to the following line items in the amounts set forth in the recital above:
(1) Public Works-Facilities Maintenance
(2) Settler's Landing Pedestrian Bridge
(3) Sheriff-Jail Vehicle Replacement
(4) Contingency Reserve
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.