File #: RES 18-0016    Version: 1
Type: Resolution Status: Passed
File created: 4/24/2018 In control: City Council
On agenda: 5/2/2018 Final action: 5/2/2018
Title: #18-16 - Amending the City of Valdez 2018 Budget to Reflect Council-Approved Capital and Maintenance Projects through 2019, by Establishing New Appropriations Totaling $9,297,045.66
Sponsors: City Council
Attachments: 1. Budget Resolution Capital and Maintenance Projects.pdf, 2. Budget Resolution Exhibit A.pdf

ITEM TITLE: 

#18-16 - Amending the City of Valdez 2018 Budget to Reflect Council-Approved Capital and Maintenance Projects through 2019, by Establishing New Appropriations Totaling $9,297,045.66

SUBMITTED BY: Brian Carlson, Finance Director

 

FISCAL NOTES: 

Expenditure Required: $9,297,045.66

Unencumbered Balance: $67MM

Funding Source: General Fund Unencumbered Fund Balance

 

RECOMMENDATION:

Approve Resolution #18-16 Amending the City of Valdez 2018 Budget to Reflect Council-Approved Capital and Maintenance Projects through 2019, by Establishing New Appropriations Totaling $9,297,045.66

SUMMARY STATEMENT:

•                     This Resolution formalizes Council direction from the April 26th Projects prioritization workshop

•                     The net total of new appropriations is $9,297,045.66.   .

•                     Funding details are shown in Exhibit A.

•                     Staff will return to Council in June with a Resolution to reflect additional reconciliation of closed and/or defunded projects.