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HomeMy WebLinkAbout251-05 RESOLUTIONRESOLUTION NO. 251-05 A RESOLUTION AMENDING THE ADOPTED 2006 BUDGET TO RE -AUTHORIZE FUNDING FROM 2005, IN ORDER TO RETAIN PROJECT FUNDING FOR IDENTIFIED, SCHEDULED AND ON- GOING CAPITAL IMPROVEMENTS. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council of the City of Fayetteville, Arkansas hereby amends the Adopted 2006 Budget to re -authorize funding from 2005, in order to retain project funding for identified, scheduled and on-going Capital Improvements. PASSED and APPROVED this 20th day of December, 2005. ATTEST: By: „%%u%%%%%%%% $‘35".•&1” 0,eeSGS'% ,U• '/3: E ; FAYETTEVILLE • 3 ecetS;yhG ` G.•u1„O,,`` SONDRA SMITH, City Clerk APPROVED. By: DAN COODY, Mayor Kevin Springer Submitted By • City of Fayetteville Staff Review Form City Council Agenda Items or Contracts December 20, 2005 City Council Meeting Date Budget & Research Division Action Required: 5 • best") rand /n5 Finance & Internal Services Department Approve a resolution rebudgeting remaining capital project budgets from 2005 into the 2006 Budget year. Cost of this request Account Number Project Number Budgeted Item $ Category / Project Budget Funds Used to Date Remaining Balance Budget Adjustment Attached Program Category / Project Name Program / Project Category Name Fund Name Department Director City Attomey Finance and Internal Service Director Ma or ,r/4 Date 7 Date Previous Ordinance or Resolution # Original Contract Date: Original Contract Number: Received in Mayor's Office Comments: aye eyilg DEPARTMENTAL CORRESPONDENCE • TO: Mayor Coody and City Council THRU: Stephen Davis, Finance & Internal Services Director FROM: Kevin Springer, Budget Manager DATE• December 7, 2005 SUBJECT: 2005 Re -Budgeting Request Recommendation Because of the need for project continuation, staff recommends approval of the re -authorization request at the December 20, 2005 City Council meeting. In addition, staff is recommending approval of any changes to this request that may arise due to finalizing the 2005 year end. Any administrative changes will not increase the use of fund balance for 2005 and 2006. City Council is requested to amend the 2006 Adopted Budget by re -authorizing $51,313,520 for on-going capital improvements. A finalized listing of the capital project rebudgets will be submitted to City Council as part of the 2006 Quarterly Management Report for the First Quarter. Background At the close of each budget year, City Staff routinely requests re -authorization of on-going capital projects and re -authorization of some operational funding that was not committed during the prior budget year. Discussion This request retains project funding for identified and scheduled capital improvements for the current fiscal year. Currently, all uncommitted capital projects arc placed on hold until City Council can re- authorize the unexpended funds into 2006. For 2005, no operational funds were included in this re -authorization proposal. Please find attached a schedule of capital projects by Improvement Type which were included in the 2005 Budget but did not incur a financial obligation during the 2005 fiscal year. The 2005 estimated unreserved fund balance/retained earnings for the respective funds reflect the cost of the requested re -budgets. Therefore approval for these items, to be made part of the 2006 authorization will not impact the City's budgeted financial position. The re -authorization of prior year's appropriated projects and items is a normal operating procedure and is generally for one-time expenses. Approval of this request will allow the 2006 Budget to be increased to reflect the attached information. Several of the requested re -authorizations include revenue offset in the form of grant revenues. • • RESOLUTION NO. A RESOLUTION AMENDING THE ADOPTED 2006 BUDGET TO RE -AUTHORIZE $51,313,520.00 FROM 2005, IN ORDER TO RETAIN PROJECT FUNDING FOR IDENTIFIED, SCHEDULED AND ON-GOING CAPITAL IMPROVEMENTS. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council of the City of Fayetteville, Arkansas hereby amends the Adopted 2006 Budget to re -authorize $51,313,520.00 from 2005, in order to retain project funding for identified, scheduled and on- rnd Capital Improvements. rd.PASSED and APPROVED this 20th day of Deceibe , 2005 PPROVED: By DAN OOKY, Mayor tee,/ • • Total requested re -budgets for all funds are $5I,313,520 as reflected in the following worksheet. These amounts will require City Council action. For your information, a summary by Funding Source and Improvement Type is included in the table below. City of Fayetteville, Arkansas - Summary of 2005 Capital Project Rebudgets Funding Source Prqect Category 2005 General Fund: Parks & Recreation Improvements S Other Capital Improvements Off -Street Parking Fund: Parks Development Fund: Impact Fee Fund: Sales Tax Capital Improvements Fund: Transportation Improvements Parks & Recreation Improvements Water & Sewer Improvements Street Improvements Bridge & Drainage Improvements Water & Sewer Improvements Parks & Recreation Improvements Vehicles & Equipment Improvements Aviation & Economic Development Improvements Library Improvements Fire Improvements Transportation Improvements Information Technology Improvements Other Capital Improvements Police Improvements Wastewater System Improvements Project Fund: Wastewater Treatment Improvements TIF Fund: Water & Sewer Fund: Solid Waste Fund: Airport Fund: Shop Fund: Total - All Funding Sources Other Capital Improvements Water & Sewer Improvements Water & Sewer Services Improvements Wastewater Treatment Improvements Solid Waste Improvements Aviation & Economic Development Improvements Vehicles & Equipment Improvements Rebudget 500,000 31 380 531,380 68,272 68,272 1,237,339 1,237,339 909,170 909.170 5,354,723 1,376,813 106,215 1,324,968 20,780 60,000 23,000 3,100,151 270,586 209,473 149,924 21,131 12,017,764 27,110,180 27,110,180 180,000 180.000 7,762,593 249.097 138,580 8.150,270 170,101 170,101 402,391 402.391 536.653 536.653 S 51,313,520 • • Below is a table that shows the past history of re -appropriations for the last five years. 2001 2002 2003 2004 2005 Operational $ 2,100,384 $ 908,919 $ 88,515 $ - $ - Capital 20,196,507 25,839,987 23,907,707 19,442,449 24,203,340 Wastewater Project 13,200,000 34,575,984 110,892,005 27,110,180 $ 22,296,891 $ 39,948,906 S 58572,206 $ 130,334,454 $ 51,313,520 Budget Impact & Closing All of the funds requested in this re -authorization come from unexpended funds. They do not increase the use of reserves over what was approved in the 2006 Annual Budget. This request just simply retains project funding for identified and scheduled capital improvements for the current fiscal year. If you have any questions concerning the attachment or the procedure, please feel free to contact either Kevin Springer (575-8226) or Stephen Davis (575-8330) Thank you for your attention to this request. • • Sales Tax Capital Improvements: stuewenaidwl leei19 3 m m Water & Sewer Improvements uawdoleneo shed Parks & Recreation Improvements 6uoped 1eans-110 cC n co J J O ma m :i y 5 w cO o N -k m 0 0 O_ 03 2co 0 o • < • CP O D m O 't - 1 0 w • 3 co N 8 co CA "0 O n m y =i v Cit N 0 0 m m J m O 0 o o — < < 3 m 3 v m e,=1 m Co 3 m J N :€m o, o u) u) Qp�M��7cxx0cQimi�glwt-vOrrrcocoo —ugr ; m J J£ S o p� 1 n c c 3. o 'o J= al m � s y o a 13 w w r m a mm m) < n 3 3. 0 0= n '_'. D D y N S O 3 3 0 O. 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R „ 00 c �77#q t>>c m,;E& ([ƒJ&)G' . 2oc� aa§§%$=® __ -•-I ;# >>CD al a;;7Ea2I9E; E33 „;;-u-0,_ , § eeeeeeeee ��� ;c® -&_£(\A}«ƒ ;;- \§|§§||`¥ oo ;(§{ § --- !§§r /{«] cn cc co (a 2222 / a a 2 ` 77 ( ii m § 22 )7\§4)�a/»7\e.._. \/2-. cJi))�>p/ƒ)/)/k\ f 10 *f0®f/2§\/ k§*k§k§*\)b$§§/§))®§-o0oc (§k 00 E® c% \w \hic \< \CO #D a) C0 }O) a • • Vehicles & Equipment Improvements _,_�COc &y!m■ƒCDCDCD ;mlwe 33E EJgg[£3/e�Eaa 42.&»EE-R�,00 E=/(«65 5000 a0((f2%) 73; t<3<<• o' (;||§r�� k/|= r r.< M faO. ) k 5«]mm;==«.,e ,■§(riff}//7;;/ f r]]<m,° 0 33 E. al «CD 3 3 co co ••- — )/j))-64&/4§4 §/it 8E '8 7828882 I 0 [ CD (� _ r }71 `J §A n■ %-_ \CD 0 �▪ eelg ( E2 7 p§ uosea toelad 0 c Clarice Pearman - Res. 251-05 Page 1 From: Clarice Pearman To: Springer, Kevin Date: 12/28/05 1 16PM Subject: Res. 251-05 Kevin, Scott, Attached is a copy of the above resolution passed by City Council, December 20, 2005 amending the 2006 budget. CC: Bell, Peggy; Deaton, Vicki Clarice Pearman -Elkins Agreement • From: To: Date: Subject: • Clarice Pearman Cook, Kyle 1/6/06 5:26PM Elkins Agreement Alderman Cook, Attached is a copy of the Elkins/Fayetteville Sewer Rates Agreement. Please let me know if you need anything further. Thanks. Clarice CC: Bell, Peggy; Deaton, Vicki; Laycox, Rainy Page 1