HomeMy WebLinkAboutResolution 2021-127 Approving the Transfer of up to $500,000 in Budget Expense Authority from Transporation FundMARANA RESOLUTION NO. 2021-127
RELATING TO BUDGET; APPROVING THE TRANSFER OF UP TO $500,000 IN
BUDGETED EXPENSE AUTHORITY FROM THE TRANSPORTATION FUND FOR
PROJECT ST098 TANGERINE ROAD WIDENING, PHASE 2A IN THE FISCAL YEAR
2021-2022 BUDGET TO THE WATER CAPITAL FUND TO PAY FOR ANTICIPATED
COSTS ASSOCIATED WITH A NEW PROJECT FOR THE DESIGN OF A WATER MAIN
TO COINCIDE WITH THE PROJECT
WHEREAS on June 15, 2021, the Town Council adopted the fiscal year 2021-2022
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 Capital Improvement Plan (CIP) for fiscal year 2021-2022 currently
includes budget capacity of $7,200,000 in Transportation Funds (Fund #3030) for the Tan-
gerine Road Widening, Phase 2A project (ST098) and the Town does not anticipate that
it will need all that budget capacity for the project in this fiscal year; and
WHEREAS the CIP for fiscal year 2021-2022 did not include a project for a water-
line east of Interstate 10, but due to strong growth and interest in the area of the Tangerine
corridor east of Interstate 10, it is in the Town's best interest to construct a waterline ex-
tension project at the same time as the Tangerine Road Widening; and
WHEREAS the Town Council desires to transfer budgeted expense authority in
the fiscal year 2021-2022 budget of up to $500,000 from the Transportation Fund for the
Tangerine Road Widening, Phase 2A project to the Water Capital Fund to pay for a new
project for the design of a water main to coincide with the Tangerine Road Widening,
Phase 2A project; and
WHEREAS transferring budget capacity from the Transportation Fund of up to
$500,000 within fiscal year 2021-2022 to the Water Capital Fund will not significantly im-
pact the General Fund; and
WHEREAS reallocations of budgeted expense authority between funds are neces-
sary 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.
Marana Resolution No. 2021-127 - I -
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE TOWN OF MARANA, ARIZONA, AS FOLLOWS:
SECTION 1. The establishment of a 7,000 linear foot 16" water main project in the
Water Capital Fund for fiscal year 2021-2022 for the design of a water main to coincide
with the Tangerine Road Widening, Phase 2A project is hereby approved.
SECTION 2. The transfer of up to $500,000 in budgeted expense authority from
the Transportation Fund for the Tangerine Road Widening, Phase 2A project (ST098) in
the fiscal year 2021-2022 budget to the Water Capital Fund for anticipated costs associated
with the newly established project for design of the water main described in section 1 is
hereby approved.
SECTION 3. 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 terms, obliga-
tions, and objectives of this resolution.
PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF
MARANA, ARIZONA, this 21st day of September, 2021.
Mayor Ed Honea
ATTES APPROVED AS TO FORM:
Cherry L. La so , Town Clerk Ja airall, Town Attorney
MARANA AZ
ESTABLISHED 1977
Marana Resolution No. 2021-127 - 2 -