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File #: RES 19-0035    Version: 1
Type: Resolution Status: Passed
File created: 7/10/2019 In control: City Council
On agenda: 7/16/2019 Final action: 7/16/2019
Title: #19-35 - Amending the 2019 City Budget by Transferring $500,000 from Unassigned General Fund Balance to the Citywide Pavement Management Plan
Sponsors: City Council
Attachments: 1. Resolution 2019 Budget Pavement Management

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.