HomeMy WebLinkAboutResolution 2015-131 Approving transfer of up to $350,000 in budgeted expenditure1VIARANA RESOLUTION NO. 201.5 -131
RELATING TO ADMINISTRATION; A.PPR.OVING THE TRANSFER OF UP TO $350
IN BUDGETED EXPENDITURE AUTHORITY FROM rI "HE GENERA.I..a FUND
CONTINGENCY LINE ITEM TO THE PINES 1, ROAD STABILIZATION PROJECT IN
THE FISCAL YEAR 2015 -2016 BUDGET TO PAY FOR ANTICIPATED COSTS
ASSOCIATED WITH THIS PROJECT
WHEREAS on June 16, 2015, the Town Council adopted the fiscal year 2015.2016
budgetary document and overall financial plan which set the legal level of budgetary control at
the department level for the General Fund and at the fund level for all other funds; and
WHEREAS the Town Council desires to transfer budgeted expenditure authority in the
fiscal year 2015 -2016 budget of up to $350,000 from the General Fund contingency line item to
the Pines 1, Road Stabilization Project for expenses related to the Project; and
WHEREAS transferring budgeted expenditure authority from the contingency fund of up
to $350,000 within fiscal year 2015 -2016 will not significantly impact the General Fund; and
WHEREAS reallocations of budgeted expenditure authority between the contingency line
item in the General Fund to other line items are necessary from time to time; and
WHEREAS the Council finds that the reallocation addressed by this resolution is in the
best interest of the Town of Marana and its citizens.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
TOWN OF MARANA, ARIZONA, AS FOLLOWS:
SECTION 1. The transfer of up to $350,000 in budgeted expenditure authority from the
General Fund's budgeted contingency line item to the Pines 1, Road Stabilization Project in the
fiscal year 2015 -2016 budget for expenses related to the Project is hereby approved.
SECTION 2. The Town's Manager and staff are hereby directed and authorized to under -
take all other and further tasks required or beneficial to carry out the terms, obligations, and ob-
jectives of this resolution.
00044068. DOCA I1
Marana Resolution No, 2015 -131 1 -
PASSEL] AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF
MA.RANA., ARIZONA, this I st day of December, 2015.
A.
to MA RA NA
ATTEST
Jo yn C. B nson, Town Clerk
00044068.DOCX 11
Marana ReSOILItion Na. 2015-131
f .
Mayor Ed -Ionea
WA