City of Valdez - File #: RES 19-0034

• File #: RES 19-0034
• Version: 1
• Type: Unfinished Business
• Status: Failed
• File created: 7/9/2019
• In control: City Council
• On agenda: 8/6/2019
• Title: #19-34 - Amending the 2019 City Budget by Transferring $275,000 of Unencumbered Project Funds from the Kelsey Dock Parks Storage Project to the Kelsey Dock Yellow Building Project. Postponed from Regular Meeting of July 16, 2019.
• Sponsors: City Council

Date	Ver.	Action By	Action	Result
8/6/2019	1	City Council	approved	Fail
7/16/2019	1	City Council	postponed (time specific)	Pass

ITEM TITLE: 

#19-34 - Amending the 2019 City Budget by Transferring $275,000 of Unencumbered Project Funds from the Kelsey Dock Parks Storage Project to the Kelsey Dock Yellow Building Project. Postponed from Regular Meeting of July 16, 2019.

SUBMITTED BY: Brian Carlson, Finance Director

FISCAL NOTES: 

Expenditure Required: $275,000

Unencumbered Balance: $5 million

Funding Source: 310-9513.58000, Kelsey Dock Parks Storage project

RECOMMENDATION:

Approve the resolution to transfer funding.

SUMMARY STATEMENT:

This resolution funds the related project/contract item under new business.