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HomeMy WebLinkAbout53-94 RESOLUTIONRESOLUTION NO. 53-94 A RESOLUTION APPROVING A BUDGET ADJUSTMENT TO RECOGNIZE A $24,500 GRANT FROM THE SMALL BUSINESS ADMINISTRATION AND FOR REI,ATED EXPENDITURES FOR TREE REPLACEMENTS ALONG NORTH COLLEGE AVENUE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETFEVILLE, ARKANSAS: Section 1. That the Council hereby approves a budget adjustment in the amount of $24,500 increasing Contract Services, Acct. No. 1010 5450 5315 00 to recognize a grant from the Small Business Administration, decreasing Federal Grants, Acct. No. 1010 0001 4309 00. for related expenditures for tree replacements along North College Avenue A copy of the budget adjustment is attached hereto marked Exhibit "A" and made a part hereof. PASSED AND APPROVED this 3rd day of May 1994. ATTEST: By: jitcvm Sherry L. Thomas, City Clerk APPROVED: .41 By: ( Fred Hanna, Mayor i City of Fayetteville, Arkansas • Budget Adjustment Form Budget Year 1994 Department: Public Works Division: Street Program: Public Lands Maintenance Projector Item Requested: A budget adjustment is requested to recognize a grant received from the Small Business Administration and the related expenditures. 1 Date Requested May 3,1994 Adjustment . Project or Item Deleted: None Justification: The City has been awarded a SBA Grant for tree replacements along North College Avenue. The grant award calls for the City to match the federal funds. The match funds are in the Public Lands Maintenance Program. This budget adjustment recognues the cost funded by the grant. Justification: Additional revenue from a SBA Grant. Increase Account Name Amount Account Number Project Number Contract Services 24,500 1010 5450 5315 00 Decrease Account Name Amount Account Number Project Number Federal Grants 241500 1010 0001 4309 00 Approval Signatures Apri14. 1994 April 4, 1994 Vol 7fer Admin. Senn7 rec , or / le Mayor Wi Budget Ofax Use Only Type: A BCD EF Date of Approval Postal to General Ledga Entered in Category Log Budget Office Copy