SUBJECT:
Title
PUBLIC HEARING: An Ordinance of the Town Council of the Town of Erie Providing for the Supplemental Appropriation of Money to Various Funds for the 2023 Budget Year
Body
DEPARTMENT: Finance
Department
PRESENTER(S): Victoria Runkle, Interim Finance Director
First Name Last Name, Title
TIME ESTIMATE: 5 minutes
only required for non-consent items
FISCAL SUMMARY:
Cost as Recommended: $4,477,364
Balance Available: $1,687,092
Budget Line Item Number: 205-30-110-604000
New Appropriation Required: Yes
STAFF RECOMMENDATION:
Recommendation
Adopt the Budget Amendment Ordinance
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
Following the passage of the 2nd Supplemental, certain items remain that must be addressed before the calendar year.
The first request in this 3rd Supplemental Resolution is required because the Town's purchasing rules state the Board of Trustees must approve every cost change in a capital project of more than $50,000.
On Tuesday, Nov. 14 the Board of Trustees approved Agenda Item 23-520, the second contract amendment for the North Water Reclamation Facility (NWRF) with HDR Engineering for $120,000. Staff has requested a transfer of an available $100,000 from the Sewer Rehabilitation budget to the North Water Rehabilitation Facility (NWRF) project where only $57,065 is remaining before this contract amendment. This transfer will provide enough funds to meet the requirements of the contract amendment. The Sewer Rehabilitation Project will have $270,000 remaining and this will meet the needs of that project.
After the transfer, the balances will be as illustrated in the following table:
Account number
Transfer
Remaining Balance
After Transfer Approval
510-70-110-605000-100115
($100,000)
$270,000
510-70-110-605000-100267
$100,000
$157,065
The second request in 3rd Supplemental is to meet the requirements of property purchases from American Rescue Plan Act (ARPA) monies. In 2023 both the Cheesman and ...
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