HomeMy WebLinkAbout08110ORDINANCE NO. 8110
AN ORDINANCE TRANSFERRING $239,031 OF AMERICAN RECOVERY AND
REINVESTMENT ACT (ARRA) FUNDS FROM TRANSIT PROJECT ARBC01 INTO TRANSIT
PROJECT ARBCO2 TO SUBSIDIZE TRANSIT OPERATING EXPENDITURES FOR FY 2009
AND 2010 AND BUDGETING AND APPROPRIATING FUNDS THEREFORE
WHEREAS, Pueblo Transit has received a grant from the American Recovery and
Reinvestment Act (ARRA), to fund the procurement of Transit Capital equipment, and have
received authorization from the Federal Transit Administration (FTA) to transfer $239,031 (10%
of total allocation) for operational expenses; now Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF PUEBLO. that:
SECTION 1.
Funds in the amount of $239,031 are hereby transferred from Transit Project ARBC01
into Transit Project ARBCO2 and budgeted and appropriated for Transit operating expenditures
for fiscal year 2009 and 2010.
SECTION 2.
Project # ARBCO2 is established in the amount of $239,031 for Transit operating
expenditures.
INTRODUCED: November 9, 2009
BY: Judy Weaver
COUNCIL PERSON
�.
PRESIDENTof City Council
A77ESTEC? BY:
CITY CLERK
PASSED AND APPROVED: November 23, 2009
4
Background Paper for Proposed
ORDINANCE
AGENDA ITEM # R -8
DATE: November 9, 2009
DEPARTMENT: PUEBLO TRANSIT
BRENDA BROYLES
DIRECTOR OF TRANSIT
TITLE
AN ORDINANCE TRANSFERRING $239,031 OF AMERICAN RECOVERY AND
REINVESTMENT ACT (ARRA) FUNDS FROM TRANSIT PROJECT ARBC01 INTO TRANSIT
PROJECT ARBCO2 TO SUBSIDIZE TRANSIT OPERATING EXPENDITURES FOR FY 2009
AND 2010 AND BUDGETING AND APPROPRIATING FUNDS THEREFORE
ISSUE
Should City Council approve a transfer in the amount of $239,031 from the American Recovery
and Reinvestment Act (ARRA) funding for Transit Operating expenditures for FY 2009 -2010.
RECOMMENDATION
Approval of Ordinance.
BACKGROUND
Pueblo Transit has obtained authorization from the Federal Transit Administration to utilize up to
a 10% of the American Recovery and Reinvestment Act (ARRA) funding to subsidize its
operational expenditures. The funding is 100% Federal share with no City match requirements.
FINANCIAL IMPACT
The total project cost is $239,031 and it is 100% Federal match.