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 Fis...
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