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HomeMy WebLinkAbout2023 N Internchange Construction Fund Budget AdjustmentBUDGET ADJUSTMENT REQUEST FORM Dept:Fiscal Year Affected:2023 Accounts to Receive Increased Budget: Account:84399-3934 Amount:97,500 Name:Fund Transfer In-Water Capital Reserve Account:84399-3935 Amount:1,807,700 Name:Fund Transfer in-WW Capital Reserve Account:84431-3762 Amount:820,100 Name:Contributions-URA Account:Amount:Name: Account:84431-4300 Amount:55,400 Name:SUPPLIES-NON ASSETS PAID TO DEVELOPER Account:84431-5822 Amount:150,300 Name:MOODY ROAD CANAL BRIDGE Account:Amount:Name: Account:34434-3999 Amount:97,500 Name:FUND BALANCE CARRYOVER Account:35435-3795 Amount:135,500 Name:SEWER INDUSTRIAL CHARGES Account:35435-6000 Amount:416,900 Name:CONTINGENCY-BUDGET ONLY Account:35435-3999 Amount:1,255,300 Name:FUND BALANCE CARRYOVER TOTAL:4,836,200 Accounts Where Budget is Coming From: Account:84434-5826 Amount:150,000 Name:Water Line Oversizing Account:84475-5828 Amount:2,281,000 Name:WW Oversizing-65% City/35% URA Account:84475-5829 Amount:500,000 Name:WW Lift Station-65% City/35% URA Account:Amount:Name: Account:34499-4984 Amount:97,500 Name:FUND TFR TO N INTERCHANGE CONSTR. Account:Amount:Name: Account:35499-4984 Amount:1,807,700 Name:FUND TFR TO N INTERCHANGE CONSTR. Account:Amount:Name: Account:Amount:Name: TOTAL:4,836,200 Net Expense less Revenue - (This must be zero) Coming From:Contingency: Other Expense:(4,836,200) New Revenue: TOTAL INCREASE (4,836,200) Reason for the Increase: until Fiscal Year 2024. We added a few other projects to be paid by the Urban Renewal Agency, but Signed: Dept Head:Date: CFO:Date: Mayor:Date: Approved by the City Council (*if necessary) on this Date: *City Council approval required if: 1)$10,000 or more is taken from Contingency 2)$50,000 or more is a change in a Capital Purchase 3)New Full-time Regular personnel positions 4)Additional Full-time Regular personnel 5)New Types of Major Programs We are deferring the Water and Wastewater projects in the North Interchange area by Walmart N. Interchange Construction may not happen either. 65% of cost was to be paid by city capital reserves and 35% by URA