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 th...
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