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HomeMy WebLinkAbout15605RESOLUTION NO. 15605 A RESOLUTION TRANSFERRING FUNDS IN THE AMOUNT OF $186,000.00 FROM THE PUBLIC WORKS OPERATING BUDGET INTO PROJECT NO. CIAN20 - CITY BUILDING REPAIRS BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that SECTION 1. Funds in the amounts indicated in the table below are hereby transferred from the specified Public Works Department operating budget line items into Project Account CIAN20 - City Building Repairs and budgeted and appropriated into CIAN20: Transfer Amount: From Account: To Account: $125,000.00 10140103 51040 CIAN20 - City Building Repairs $17,000.00 10140503 51010 CIAN20 - City Building Repairs $44,000.00 10140603 51040 CIAN20 - City Building Repairs SECTION 2. The officers and staff of the City of Pueblo are authorized to perform any and all acts consistent with this Resolution and the contract to implement the policies and procedures described herein. SECTION 3. This Resolution shall become effective immediately upon passage and approval. INTRODUCED: April 22, 2024 BY: Regina Maestri MEMBER OF CITY COUNCIL APPROVED: __________________________ PRESIDENT OF CITY COUNCIL ATTESTED BY: ________________________ CITY CLERK City Clerk's Office Item # M10 Background Paper for Proposed Resolution COUNCIL MEETING DATE: April 22, 2024 TO: President Mark Aliff and Members of City Council CC: Mayor Heather Graham VIA: Marisa Stoller, City Clerk FROM: Andrew Hayes, Public Works Director SUBJECT: A RESOLUTION TRANSFERRING FUNDS IN THE AMOUNT OF $186,000.00 FROM THE PUBLIC WORKS OPERATING BUDGET INTO PROJECT NO. CIAN20 - CITY BUILDING REPAIRS SUMMARY: This Resolution makes several transfers from within the Public Works Department operating budget to Project No. CIAN20 - City Building Repairs. PREVIOUS COUNCIL ACTION: None. BACKGROUND: This transfer will utilize projected salary and operating expense savings within the Public Works Department operating budget to cover emergency and non-deferrable maintenance and repair expenses for City facilities. FINANCIAL IMPLICATIONS: Funding in the amount of $125,000 is being transferred from account 10140103 51040 to CIAN20 - City Building Repairs. Funding in the amount of $17,000 is being transferred from account 10140503 51010 to CIAN20 - City Building Repairs. Funding in the amount of $44,000.00 is being transferred from account 10140603 51040 to CIAN20 - City Building Repairs. All funds will be budgeted and appropriated into project account CIAN20. BOARD/COMMISSION RECOMMENDATION: None. STAKEHOLDER PROCESS: None. ALTERNATIVES: Failure to pass this Resolution will prevent the funds from being transferred, budgeted, and appropriated. RECOMMENDATION: Approval of the Resolution. ATTACHMENTS: None