HomeMy WebLinkAbout2027 Budget Adjustment new trail lhtac teton riverBUDGET ADJUSTMENT REQUEST FORM
Dept:Fiscal Year Affected:2027
Expense Accounts to Receive Increased Budget:
Account:39438-5874 Amount:459,000 TETON RIVER TRAIL & PED BRIDGE-LHTAC
Account:Amount:
Account:Amount:
Account:Amount:
TOTAL:459,000
Accounts Where Budget is Coming From:
Account:39438-3320 Amount:425,300 FEDERAL GRANT
Account:39438-3999 Amount:33,700 FUND BALANCE CARRYOVER
Account:Amount:
Account:Amount:
Account:Amount:
TOTAL:459,000
Net Expense less Revenue - (This must be zero)
Coming From:Contingency:
Other Expense:
New Revenue:459,000
TOTAL INCREASE 459,000
Reason for the Increase:
2028 and is estimated at $806,000. This is being paid primarily from and LHTAC federal grant that is covering
92.66% of the total cost and the city match would be 7.34% as per City Engineers.
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
TRAILS
This budget adjustment is for Design Only of the trail on the north side of the Teton River at Albertsons' going
east to our new Teton River Park Area where a new pedestrian bridge would be part of this design. The design is
for $458,969 and should be completed by next summer sometime in 2027. Construction would be in Fiscal Year