City of Valdez - File #: RES 19-0036

• File #: RES 19-0036
• Version: 1
• Type: Resolution
• Status: Passed
• File created: 7/31/2019
• In control: City Council
• On agenda: 8/6/2019
• Final action: 8/6/2019
• Title: #19-36 - Amending the 2019 City Budget by Transferring $16,000,000 from Unencumbered General Fund Balance to New Fire Station Project
• Sponsors: City Council

Date	Ver.	Action By	Action	Result
8/6/2019	1	City Council	approved	Pass

ITEM TITLE: 

#19-36 - Amending the 2019 City Budget by Transferring $16,000,000 from Unencumbered General Fund Balance to New Fire Station Project

SUBMITTED BY: Brian Carlson, Finance Director

FISCAL NOTES: 

Expenditure Required: $16MM

Unencumbered Balance: $70MM

Funding Source: Unencumbered General Fund Balance

RECOMMENDATION:

Approve, pending project approval

SUMMARY STATEMENT:

This Resolution provides funding for construction of the New Fire Station project, pending Council direction.