ITEM TITLE:
#19-35 - Amending the 2019 City Budget by Transferring $500,000 from Unassigned General Fund Balance to the Citywide Pavement Management Plan
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: $500,000
Unencumbered Balance: $70 million
Funding Source: Unassigned general fund balance
RECOMMENDATION:
Approve the resolution to fund the Pavement Management Project.
SUMMARY STATEMENT:
This resolution provides needed additional funding for construction work in 2019, as presented in the New Business contract with Kinney Engineering.