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HomeMy WebLinkAboutResolution 2024-020 Budget Transfer from General Fund for Transportation Art by Youth Project MARANA RESOLUTION NO. 2024-020 RELATING TO BUDGET; APPROVING THE TRANSFER OF $75,000 IN BUDGETED EXPENDITURE AUTHORITY FROM THE GENERAL FUND CONTINGENCY LINE ITEM TO THE PIMA ASSOCIATION OF GOVERNMENTS FUND IN THE FISCAL YEAR 2023-2024 BUDGET FOR A TRANSPORTATION ART BY YOUTH PROJECT TO BE INSTALLED NEAR THE MARANA REGIONAL AIRPORT ALONG AVRA VALLEY ROAD WHEREAS on June 20, 2023, the Town Council adopted the fiscal year 2023-2024 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 applied for and was recently awarded$75,000 in grant fund- ing for a Transportation Art by Youth (TABY) project through the Pima Association of Governments (PAG); and WHEREAS the project will be designed and constructed by Marana High School students under the supervision of a contracted artist and the project will be installed near the Marana Regional Airport along Avra Valley Road; and WHEREAS the Town Council desires to transfer budgeted expense authority in the fiscal year 2023-2024 budget of$75,000 from the General Fund Contingency line item to the PAG Fund for the TABY project; and WHEREAS transferring budget capacity from the General Fund Contingency line item of$75,000 within fiscal year 2023-2024 to the PAG Fund will not significantly impact 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. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, AS FOLLOWS: Marana Resolution No.2024-020 - 1 - SECTION 1. The transfer of up to$75,000 in budgeted expense authority from the General Fund Contingency line item to the PAG Fund for costs related to the TABY pro- ject in the fiscal year 2023-2024 budget is hereby approved. 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 terms, obliga- tions, and objectives of this resolution. PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, this 5th day of March, 2024. Mayor Ed Honea ATTEST: APP D AS TO FORM: David L. Udall, Town Clerk J airall, Town Attorney 416. MARANA AZ ESTABLISHED 1977 III Marana Resolution No.2024-020 - 2 -