Title
Transfer Funds for Cedar Street Drainage Project
Summary
Description of Topic: (who, what, where, when, why and how much)
Request to transfer funds from the underrun balance of the Graham Creek Estates Drainage project to cover the overrun for the Cedar Street Drainage project.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.
____ 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 $75,000______, requesting $2,574.17_____ as transfer from account #12-600-9375 A14 GCE__to account no. 12-665-7128 A19 CEDAR_____
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________
Body
WHEREAS, the Cedar Street Drainage project was completed in FY16, and
WHEREAS, the construction budget was estimated at $75,000, and
WHEREAS, $2,574.17 is needed to cover cost of the construction overrun.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves the transfer of $2,574.17 from Account No. 12-600-9375 A14 GCE to Account No. 12-665-7128 A19 CEDAR amending the budget accordingly.
SECTION 2: Thi...
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