ITEM TITLE:
#21-13 - Amending the 2021 City Budget by Appropriating $295,000 for New Providence Valdez Medical Center Projects, Closing $1,524,050 in Previously-Appropriated Projects, Transferring $1,046,000 to General Fund, and Remitting $183,050 in Excess Funds to Providence Valdez Medical Center
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: $478,050
Unencumbered Balance: $1,524,050
Funding Source: Providence Major Maintenance Reserve
RECOMMENDATION:
approve
SUMMARY STATEMENT:
• This resolution appropriates funds to new PVMC projects which will be managed by City staff
• It also reconciles previously-appropriated funds, remitting excess funds to PVMC, and transferring City-provided funds back to General Fund.
• Attachment A lists project and funding details