HomeMy WebLinkAboutItem 4.02 Dougherty Rd Improv Bud chg
CITY CLERK
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AGENDA STATEMENT
CITY COUNCIL MEETING DATE: May 6, 2008
SUBJECT:
Approval of Budget Change Authorizing Expenditure of Proposition
1B Funds (Transportation Grant Funds) for Capital Improvement
Program (CIP) Project No. 96852, Dougherty Road Improvements -
Houston Place to 1-580
Report Prepared by: Melissa Morton, Public Works Director
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ATTACHMENTS: Budget Change Form
RECOMMENDA TIo]4'#APprove the Budget Change.
FINANCIAL STATEMENT: The current allocation of Proposition 1B Funds to the City of Dublin
is $701,759. In accordance with the adopted plan, these funds will
be expended in Fiscal Year 2007-2008 for CIP Project No. 96852,
Dougherty Road Improvements - Houston Place to 1-580.
DESCRIPTION: On February 5, 2008, the City Council adopted Resolution 17-08,
which approved a plan to utilize $701,759 in Proposition 1B grant funds for the Dougherty Road
Improvements - Houston Place to 1-580 Project. The grant requires that funds distributed in Fiscal Year
2007-2008 must be expended by June 30, 2011. Although Staff expected the project expenditures to
occur in Fiscal Years 2007-2008 and 2008-2009, the precise timing of authorization by the State for
expenditure of the funds was unknown at the time the plan was adopted by the City Council.
Staff was recently advised that eligible expenditures can be funded with Proposition 1B grant monies
beginning April 1, 2008. Based on the current project construction schedule, it is expected that eligible
expenditures in the full amount of the grant will be incurred this Fiscal Year. Therefore, a Budget Change
is required to authorize the expenditure of Proposition 1B funds for CIP Project No. 96582. This Budget
Change will adjust the funding source for project expenditures to reflect the use of Proposition 1B funds
in Fiscal Year 2007-2008.
Staff recommends that the City Council approve the Budget Change.
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G:\CIP\Dougherty Rd Imp - Houston to I-580\Project\agst Budget Change Prop IB Funds 07-08.doc
CITY OF DUBLIN
BUDGET CHANGE FORM
Iii
CHANGE FORM #
New Appropriations (City Council Approval Required):
Budget Transfers:
From Unappropriated Reserves
From Budgeted Contingent Reserve (1080-799.000)
Within Same Department Activity
Between Departments (City Council Approval Required)
Other
_ _ From 2008 Revenue - State Transp Bond Funds
..... ....... ........ A ., 'c.
ii ......... NT AMOUNT
Name: Traffic Impact Fee- Name: State Prop IB Bond Fund-
EXPENDITURE - Dougherty Road EXPENDITURE - Dougherty Road
(Houston Place To 1-580) CIP Project- $ 701,759 (Houston Place To 1-580) CIP Project- $ 701,759
Improvements Improvements
Account #: 300-96852-750.050 Account #: 241-96852-750.050
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Signature
REASON FOR BUDGET CHANGE ENTRY: On February 5, 2008, the City Council adopted a Proposition
1B- Local Streets and Roads Improvement, Congestion Relief, and Traffic Safety Fund Expenditure Plan.
The State has advised that eligible expenditures can be funded from this source beginning April 1, 2008.
The expenditures are of the full grant allocation are expected to be complete by June 30, 2008. This Budget
Change does not change the overall project funding, it only changes the funding source for grant eligible
expenditures.
City Manager:
Date:
Signature
As Approved at the City Council Meeting on:
Date: 5//6/2008
Mayor:
Date:
Signature
Posted By:
Date:
Signature
ATTACHMENT # 1
F:\Agenda\2008Prop] b\5 _ 6 _ 08BUDGCHNG _ Exp ]rop 1 B. DOC(ran kin)
1-1€-vv1:f14 ' :;> 5/61 0'l,1