File #: RES 25-0009    Version: 1
Type: Resolution Status: Agenda Ready
File created: 2/10/2025 In control: City Council
On agenda: 2/18/2025 Final action:
Title: #25-09 - Amending the 2025 Budget by Transferring $600,000 in Previously Approved Appropriations from Rural Roads Project to Pavement Management Phase IV-V for Pioneer Drive Phase III-B Project
Attachments: 1. #25-09 - Amending 2025 City Budget Funding Pioneer Drive Phase III-B Project, 2. Pages from 11-21 Slides

ITEM TITLE: 

#25-09 - Amending the 2025 Budget by Transferring $600,000 in Previously Approved Appropriations from Rural Roads Project to Pavement Management Phase IV-V for Pioneer Drive Phase III-B Project

 

SUBMITTED BY: Jordan Nelson, Finance Director

 

FISCAL NOTES: 

Expenditure Required: $600,000

Unencumbered Balance: $1.76MM

Funding Source: 350.0310.55000.2402, Major Maintenance - Rural Roads Program

 

RECOMMENDATION:

Approve and File

SUMMARY STATEMENT:

Bids for the Pioneer Drive Phase III-B Pavement Management Project exceed the 2025 appropriation. Administration recommends a transfer of funds from the Rural Roads Project in the amount of $600,000.