HomeMy WebLinkAbout83-95 RESOLUTIONRESOLUTION NO. R3-qs
A RESOLUTION APPROVING A BUDGET ADJUSTMENT
REALLOCATING FUNDS FOR SEWER SYSTEM
REHABILITATION FROM THE SALES TAX CAPITAL
IMPROVEMENT FUND TO THE WATER & SEWER FUND
AND INCREASING STREET IMPROVEMENT FUNDING 1N
THE SALES TAX CAPITAL IMPROVEMENT FUND.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the Council hereby approves a budget adjustment to increase Sewer
Improvements, Acct. No. 5400 5700 5815 00, in the amount of $2,000,000.00; Street
Improvements, Acct. No. 4470 9470 5809 00, in the amount of $1,737,000.00; and Right of
Way Acquisition, Acct. No. 4470 9470 5810 00 in the amount of $263,000.00 by decreasing
Use of Fund Balance•Water & Sewer, Acct. No. 5400 0940 4999 99 in the amount of
$2,000,000.00 and Sewer Improvements, Acct. No. 4470 9470 5815 00 in the amount of
$2,000,000.00. A copy of the budget adjustment is attached hereto and made a part hereof.
PASSED AND APPROVED this 6th day of June 1995.
ATTEST:
k.
J
By: ;'LWet '.2/ i
Traci Paul, City Clerk
APPROVED:
By:
Fred Hanna, Mayor
City of Fayetteville. Arkansas
Budget Adjustment Form
•
Budget Year
1995
Department: Public Works
Division Water & Sewer
Program: Sewer Mains Construction
Date Requested
June 6, 1995
Adjustment #
Project or Item R quested:
Approval is reque. ted to shift funding for sewer rehabilitation
pro,ects frorr the Capital Irrprovement Fund to he Water &
Sewer Fund and to utilize the funds made available in the Capital
Improvement Fund for street improvements.
Projec or Item Deleted:
None: Use of Water & Sewer Fund Balance is proposed for this
adjustment.
Justification of this Increase:
Additional funding is needed to add funding to existing street
projects, move a planned street project forward and to purchase the
nght of way for a future street improvement. The additional funds
are proposed to be added to Joyce BLV I) project (817,000), add
back a portion of the funding for the HWY 265 ROW project
103,000), move Salem Road Extension forward (920,000) and,
purchase right of way along Sycamore Street (160,000) for a total
$2,000,000. Approval of this request will shift the contract
award made to Gainey Company on May 16 to the Water & Sewer
Fund.
Justification of this Decrease:
Water & Sewer Fund has sufficient cash and investments to fund this
request and comply with City policy.
Account Name
Sewer Improvements
Street Improvements
Right of Way_Acquisition
Account Name
Use of Fund Balance — Water & Sewer
'ewer Improvements
Increase
Amount
2.000,000 5400
1,737.000 4470
263.000 4470
Decrease
Amount
2,000,000 5400 0940
2,000,000 4470 9470
Account Number
5700
9470
9470
5815 00
5809 00
5810 00
Account Number
4999 99
Project Number
Project Number
5815 00
Approval Signatures
I8 -cis
,.` mas Qtr_
Budget Office Use Only
Type: A BC DOF
Date of Approval
Posted to General Ledger
Entered in Category Log
Budget Office ('opy