HomeMy WebLinkAboutResolution 2018-019 Approving transfer from General Fund to Downtown Marana Reinvestment Fund M.A RANA RESOLUTION NO. 2018-019
RELATING TO ADMINISTRATION; APPROVING THE TRANSFER OF UP TO
$350,000 IN BUDGETED EXPENDITURE AUTHORITY FROM THE GENERAL FUND
CONTINGENCY LINE ITEM IN THE FISCAL YEAR 2017-2018 BUDGET TO THE
DOWNTOWN MAR.ANA REINVESTMENT FUND CONSTRUCTION LINE ITEM
FOR THE HARD SCAPE .AND RELATED LANDSCAPING OF THE NEWLY
CONSTRUCTED ROUNDABOUT AT MARAN.A MAIN STREET AND SANDARIO
ROAD
WHEREAS on lune 20, 2017, the Town Council adopted the fiscal year 2017-2018
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 2017-2018 ]budget of up to $350,000 frons. the General Fund contingency
line item to the Downtown Marana Reinvestment Fund construction line item for Hard
scape and landscaping at the newly constructed roundabout at Marana Main Street and
Sandario Road.; and
WHEREAS transferring budgeted expenditure authority from the contingency
fund of up to $350,000 within fiscal year 2017-2018 will not significantly impact the
General Fund; and
WHEREAS reallocations of budgeted expenditure authority between the contin-
gency line item in the General Fund to other line items are necessary from time to time,
and.
WHEREAS the Council finds that the reallocations addressed by this resolution
are 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 :l. The transfer of up to $350,000 in budgeted expenditure authority
from the General Fund's budgeted contingency line item in the fiscal year 20772018
budget to the Downtown Marana Reinvestment Fund construction line item for hard
scape and landscaping at the newly constructed roundabout at Marana Main Street and
Sandarlo .Road is hereby approved
Marana Resol LItIon No.2018-019 - � -
SECTION 2. The Town`s Manager and staff are hereby directed and authorized
to undertake all other and further tasks required or beneficial to carry out the terns, ob-
ligations, and objectives of this resolution,
PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOW
F _MARANA, ARIZONA, this 6th day of March, 2018.
A
Mayor Ed Honea
ATTEST: APPROVED AS TO FORM:
XY
4cely n . Bronson, Town Clerk Fra Cassidy', Town ttorney
MARANA AZ
Manana Rcsolution No.2018-019 - 2 --