REPORT TO THE CITY COUNCIL
February 5, 2015
FROM: SCOTT L. MOZIER, PE, Director
Public Works Department
BY: ROBERT N. ANDERSEN, PE, Assistant Director
Public Works Department, Capital Management Division
SUBJECT
Title
***RESOLUTION - 33rd Amendment to the Annual Appropriation Resolution (AAR) No. 2014-95 appropriating $21,750,000 for previously approved capital and operating projects in FY 2015 (Requires 5 affirmative votes) (Citywide)
Body
RECOMMENDATION
Staff recommends that the City Council adopt the 33rd Amendment to the Annual Appropriation Resolution No. 2014-95, to appropriate $21,750,000 for previously approved capital and operating projects in FY 2015.
EXECUTIVE SUMMARY
Staff recommends the Council adopt a resolution approving the rebudget of various funding for operating programs and previously approved capital projects so that appropriations in FY 2015 are sufficient to cover anticipated expenditures. The recommended resolution will appropriate $21,750,000 in funding to the FY 2015 fiscal year.
BACKGROUND
Annually the Department reviews its operating program and capital project appropriations and recommends adjustments to complete anticipated construction during the year. This review ensures that adequate appropriations are in place to complete the programs and projects given the most recent information. Typically, this mid-year adjustment results in a $10 million to $15 million capital rebudget in the Public Works Department. This fiscal year, the rebudget is over $21 million due to some large high priority projects such as Veterans Boulevard and High Speed Rail permit services and includes one project in the Convention Center Department that Public Works is providing project management services for.
Based on a review of operating and capital project budgets, a number of budgets require adjustment to meet the planned expenditures for the fiscal year. Some highlights of the rebudget are...
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