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HomeMy WebLinkAbout07882ORDINANCE NO. 7882 AN ORDINANCE TRANSFERRING $11,276 FROM THE CUSTOMER DEPOSITS FUND INTO THE CAPITAL IMPROVEMENT FUND FOR PROJECT NO. AP0802 — STATE GRANT EQUIPMENT PURCHASES AND BUDGETING AND APPROPRIATING FOR SAME WHEREAS, City Council accepted State Aviation System Grant Agreement No. 08- PUB -02 and established Project No. AP0802 — State Grant Equipment Purchases on May 27, 2008 for the purchase of equipment for the Pueblo Memorial Airport; and WHEREAS, a change in the scope of the grant has been requested and approved by the State Division of Aeronautics to include the purchase of a skid loader; and WHEREAS, additional matching funds in the amount of $11,276 are required and these funds are available in the Customer Deposits Fund; now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. Funds in the amount of $11,276 shall be transferred from the Customer Deposits Fund into Project No. AP0802 — State Grant Equipment Purchases ( "Project "). SECTION 2. Said funds are hereby budgeted and appropriated for the Project. BY Randy Thurston Councilperson APPROVE �. A S D 1ay, � CLERK INTRODUCED September 8, 2008 PASSED AND APPROVED: September 22, 2008 Background Paper for Proposed ORDINANCE AGENDA ITEM # 3� DATE: September 8, 2008 DEPARTMENT: AVIATION - JERRY BRIENZA, DIRECTOR OF AVIATION TITLE AN ORDINANCE TRANSFERRING $11,276 FROM THE CUSTOMER DEPOSITS FUND INTO THE CAPITAL IMPROVEMENT FUND FOR PROJECT NO. AP0802 — STATE GRANT EQUIPMENT PURCHASES AND BUDGETING AND APPROPRIATING FOR SAME ISSUE Should City Council approve the transfer of funds from the Customer Deposits Fund to Project No. AP0802. RECOMMENDATION Approval of this Ordinance. On May 27, 2008, City Council accepted a State Aviation System Grant and established Project No. AP0802 for the purpose of purchasing a loader, paint machine, and paint for Pueblo Memorial Airport. The paint that was requested in the grant was intended to correct a ramp safety issue, however, the scope and extent of work necessary to correct the ramp safety issue dramatically increased and the FAA has also become involved with the funding to for this project. Due to this change, a request was sent to the State Division of Aeronautics asking that the funds for the paint as well as remaining funds from the purchase of the loader and paint machine be applied toward the purchase of a skid loader. The State has approved this request. FINANCIAL IMPACT The amount required to purchase the skid loader is $29,040. There are currently $17,764 remaining in the grant. Therefore, an additional $11,276 is required. In years past, monies received from the aviation fuel tax were kept in the Customer Deposits Fund and must be used for aviation purposes. There are sufficient funds available on deposit for this purchase. The amount of $11,276 will be transferred from the Customer Deposits Fund to Project No. AP0802 — State Grant Equipment Purchases.