Title
A RESOLUTION APPROPRIATING FUNDS FOR FHWA TIGER GRANT NO. 15
Summary
Description of Topic: (who, what, where, when, why and how much)
FHWA has completed a financial audit of the TIGER Grant No. 15 and invoiced us for our portion in the amount of $72,363.29.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.**Request to Transfer Departmental Budget Dollars form must be attached**
____ Not budgeted requiring increase to account #___________ in the amount of $____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital - Departmental **Capital Purchase Worksheet form must be attached**
____ Budgeted under account #______________ for $_________ and described in budget as ________________________. Additional amount needed, if any: Increase in budget of $_________ OR, transfer of $________ from Account #____________ to Account #_____________**Request to Increase OR Request toTransfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #____________ requires budget increase of $_____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital Project - **If requesting to start a project, a Capital Project Worksheet form must be attached**
In current year Capital Projects Plan:
_____ Yes, described as __________________________, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
__X__ No, requesting $72,363.29 as total project estimate, including contingencies, under account #400-3020-5146.
_____ No, requesting an increase of $___________ to an already approved project titled ________________________ that is being tracked under Account No. ___________________.
Body
WHEREAS, the FHWA has completed a financial audit of the TIGER Grant, and
WHEREAS, by agreement the total Federal share for all three phases was limited to $4,728,507, and
WHEREAS, 75% of the total actual project cost for all phases was determined to be $4,800,870.29.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Appropriates $72,363.29 to Account No. 400-3020-5146 to pay the outstanding FHWA invoice of the same amount.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.