HomeMy WebLinkAbout37-14 RESOLUTIONRESOLUTION NO. 37-14
A RESOLUTION APPROVING A BUDGET ADJUSTMENT IN THE TOTAL
AMOUNT OF $4,250.00 TO TRANSFER A TREE ESCROW BALANCE FOR
THE PLANTING OF MITIGATION TREES IN COMBS PARK
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 approves a
budget adjustment, a copy of which is attached as Exhibit "A", in the total amount of $4,250.00
to transfer a balance of funds held in the tree escrow account for the planting of mitigation trees
in Combs Park.
PASSED and APPROVED this 18th day of February, 2014.
ATTEST:
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SONDRA E. SMITH, City Clerk/Treasurer
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FAYETTEVILLE
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City of Fayetteville, Arkansas
Budget Adjustment Form
V12.0724
Budget Year
2014
Division: Parks & Recreation
Department: Parks & Recreation
Request Date
1/28/2014
Adjustment Number
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION
Budget adjustment to recognize funds received by Parks & Recreation from Nock Broyles Land Dev. ($4,250) for
mitigation trees to be planted at Combs. This agenda item is planned to go to City Council on 2/18/2014.
'vision Head
Budget Director
epartment Directo
Finance Director
Account Name
1 act I
Date
01 -
Da
Date
Date
Date
Prepared By:
Reference:
E. Bearden, Jr.
Budget & Research Use Only
Type: A BCDE P
General Ledger Date
Posted to General Ledger
Checked / Verified
TOTAL BUDGET ADJUSTMENT
Miscellaneous revenue
Landscape materials
Initial Date
Initial Date
4,250 4,250
Increase / (Decrease) Project.Sub
Account Number Expense Revenue Number
2250.0925.4999.00 4,250 02014 . 1401
2250.9255.5220.00 a') 4,250 02014 . 1401
K:\Financial Services\BA's 2014\BA Administrative Adis - Donations from Escrow -1-28-14 1 of 1
Alison Jumper
Submitted By
City of Fayetteville Item Review Form
2014-0049
Legistar File Number
February 18, 2014
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
Action Required:
Parks and Recreation
Department
Approval of a Budget Adjustment to recognize funds from miscellaneous escrow. See attached
memo.
Does this item have a cost?
$4,250.00
Yes
Cost of this request
2250.9255.5220.00
Account Number
02014.1401
Project Number
Budgeted Item?
!No
1
$4,250.00
Category or Project Budget
$0.00
Funds Used to Date
$0.00
Remaining Balance
Budget Adjustment Attached?
Yes
Other Park and Safety Improvements
Program or Project Name
Nock Broyles Land Dev. Tree Mit.
• Program or Project Category
Parks Development
Fund Name
Previous Ordinance or Resolution #
Original Contract Number:
02-05-14A11:55 RCVD
V20130812
Comments:
Funds were deposited into the miscellaneous escrow account for tree mitigation Combs park due to
a utili ;eing constructed through the park for private development.
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ARKANSAS
www.accessfayetteville.org
CITY COUNCIL AGENDA MEMO
THE CITY OF FAYETTEVILLE, ARKANSAS
DEPARTMENT CORRESPONDENCE
To: Mayor Lioneld Jordan, City Council
Thru: Don Marr, Chief of Staff
Connie Edmonston, Parks and Recreation Director
From: Alison Jumper, Park Planning Superintendent
Date: January 29, 2014
Subject: Approval of a Budget Adjustment to recognize various miscellaneous funds
PROPOSAL:
A utility easement through Combs Park for private development was granted in 2006. In 2008
additional easement was requested that affected trees in the park. At that time $4,250 was collected
to mitigate for the tree removal. A budget adjustment is needed to recognize the revenue for the
planting project.
RECOMMENDATION:
Staff recommends approval of the budget adjustment.
BUDGET IMPACT:
A $4,250 increase in project 02014.1401 for tree planting in Combs Park. Funds will be spent to plant
mitigation trees in Combs Park.
Attachments:
Budget Adjustment
RESOLUTION NO.
A RESOLUTION APPROVING A BUDGET ADJUSTMENT IN THE TOTAL
AMOUNT OF $4,250.00 TO TRANSFER A TREE ESCROW BALANCE FOR
THE PLANTING OF MITIGATION TREES IN COMBS PARK
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 approves a
budget adjustment, a copy of which is attached as Exhibit "A", in the total amount of $4,250.00
to transfer a balance of funds held in the tree escrow account for the planting of mitigation trees
in Combs Park.
PASSED and APPROVED this 18th day of February, 2014.
APPROVED: ATTEST:
By: By:
LIONELD JORDAN, Mayor SONDRA E. SMITH, City Clerk/Treasurer