Title
Budget Transfer for Sports Tourism Shade Structure at Multi-Use Complex
Summary
Requst a budget transfer from General Fund-General Government to cover a budget shortfall in the Capital Projects Fund for a Shade Structure at the Multi-Use Complex.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
__x__ Not budgeted, requesting transfer of $_11,008_ from Account #_01-620-7010 & 01-620-3130_ to Account #_12-665-7372_.
____ Not budgeted requiring increase to account #___________ in the amount of $____________.
Capital - Departmental
____ 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 #_______________
____ Not Budgeted - account #____________ requires budget increase of $_____________.
Capital Project - **THE PRE-PROJECT CHECKLIST AND BUDGET CHECKLIST MUST BE ATTACHED TO THIS FILE**
In current year Capital Projects Plan:
_X _ Yes, planned amount $_47,643___, requesting $_58,651___ as total project estimate, including contingencies, under account #___12-665-7372____
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, funds in the amount of $47,643 were appropriated for a shade structure at the multi-use fields by Resolution 16-1166, and
WHEREAS, bids were solicited for constructing the prefabricated 40'x40' pavilion and bids were opened at 2:00 p.m. on Tuesday, August 23, 2016; and
WHEREAS, the shade structure cost combined with the cost to construct the shelter came in $11,008 over budget, and
WHEREAS, General Government came in under budget in capital purchases and those funds can be transferred to cover the overrun in this project, and
WHEREAS, General Government is expected to come in under budget in an operational account and those funds can be transferred to cover the overrun in this project.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Amends the budget for a transfer of $6,655 from 01-620-7010 General Government Capital Purchases to 12-665-7372 Shade Structure Multi-Use Fields, and $4,353 from 01-620-3130 Accounting/Contract Services to 12-665-7372 Shade Structure-Multi-Use Fields.
SECTION 2: Accept the bid in the amount of $23,800.00 submitted by Gulf Construction Co., LLC for construction of the prefabricated pavilion.
SECTION 3: This Resolution shall become effective immediately upon its adoption as required by law.