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HomeMy WebLinkAbout08434ORDINANCE NO. 8434 AN ORDINANCE ESTABLISHING CAPITAL PROJECT BC1102, 2011 CAPITAL MATCH, AND BUDGETING, APPROPRIATING AND TRANSFERRING FUNDS IN THE AMOUNT OF $37,500 THEREFORE WHEREAS, there are currently funds available for this purpose; now, therefore BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Capital Project Number BC1102, 2011 Capital Match, is hereby established, and funds in the amount of $37,500 are hereby budgeted and appropriated for therefore. SECTION 2. Funds shall be transferred into Project No. BC1102 from account number 515- 0000-391.01-01. SECTION 3. This ordinance shall be effective immediately upon passage. INTRODUCED December 12, 2011 BY: Leroy Garcia COUNCILPERSON PASSED AND APPROVED: December 27, 2011 Background Paper for Proposed ORDINANCE AGENDA ITEM # R-12 DATE: 12/12/2011 DEPARTMENT: PUEBLO TRANSIT BRENDA BROYLES DIRECTOR OF TRANSIT TITLE AN ORDINANCE ESTABLISHING CAPITAL PROJECT BC1102, 2011 CAPITAL MATCH, AND BUDGETING, APPROPRIATING AND TRANSFERRING FUNDS IN THE AMOUNT OF $37,500 THEREFORE ISSUE Should the City Council establish Capital Project No. BC1102, 2011 Capital Match, and budget and appropriate funds in the amount of $37,500 for said project? RECOMMENDATION Approval of this Ordinance. BACKGROUND The City will be allocated a FY 2011 Federal Capital Grant for the purchase of voice enunciation systems for buses. These funds will be carried over to FY 2012 and are intended to subsidize a new FTA allocation for FY 2012 for the completion of the project. FINANCIAL IMPACT City funds in the amount of $37,500 have been budgeted and appropriated in the Pueblo Transit’s FY 2011 budget. This ordinance is requesting these funds to be transferred to Capital Project BC1102.