ITEM TITLE:
#22-24 - Amending the 2022 City Budget by Appropriating an Additional $44,190.00 to the Parks Maintenance Contractual Services Budget for Maintenance of Turf and Landscape
SUBMITTED BY: Jordan Nelson, Interim Finance Director
FISCAL NOTES:
Expenditure Required: 44,190
Unencumbered Balance: 456,377
Funding Source: Budget Variance Reserve
RECOMMENDATION:
Approve
SUMMARY STATEMENT:
• This resolution proposes a budget revision to provide the amount needed to cover budgeting shortfalls related to Turf & Landscape Maintenance.
• Staff estimated the costs of these contracts during the annual budgeting process at $130K.
• The additional $44,190 reflects an additional 34% increase above staff estimates.
• Staff proposes using the Budget Variance Reserve as a funding source, as this reserve was established as a funding mechanism for unforeseen inflationary cycles.