HomeMy WebLinkAboutResolution 2024-044 Approving Budget Transfer from Transportation Fund for Project MARANA RESOLUTION NO. 2024-044
RELATING TO BUDGET; APPROVING THE TRANSFER OF UP TO $300,000 IN
BUDGETED EXPENSE AUTHORITY FROM THE TRANSPORTATION FUND (FUND
# 3030) LON ADAMS RD. RECONSTRUCTION PROJECT (ST068) TO INCREASE THE
PROJECT BUDGET FOR THE DOVE MNT BL-MOORE RD SIGNAL,NORTH PROJECT
(ST100) IN THE FISCAL YEAR 2023-2024 BUDGET
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 on April 19, 2022, the Town of Marana and the Arizona Department
of Transportation (ADOT) entered into an Intergovernmental Agreement (IGA) to con-
struct the Dove Mnt Bl-Moore Rd Signal North project (ST100); and
WHEREAS upon conclusion of the design for ST100, the estimated cost for con-
struction exceeded the original estimate by $168,750; and
WHEREAS up to an additional$300,000 in budgeted expense authority is required
for the increased construction costs and any unforeseen additional expenses of the pro-
ject; and
WHEREAS transferring up to $300,000 in budgeted expense authority from the
Lon Adams Rd. Reconstruction project to ST100 within the fiscal year 2023-2024 budget
will not significantly impact the General Fund; 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 1.The transfer of up to$300,000 in budgeted expense authority from the
Lon Adams Rd. Reconstruction project to ST100 within the fiscal year 2023-2024 budget,
is hereby approved.
SECTION 2. The Towri 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.
Marana Resolution No.2024-044 - 1 -
PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF
MARANA, ARIZONA, this 21st day of May, 2024.
s( ‘61V2 -( ,,--
Mayor d Honea
ATTEST: APPROVED AS TO FORM:
David L. Udall, Town Clerk Ja irall,Town Attorney
46
MARANA AZ
ESTABLISHED 1977
Marana Resolution No.2024-044 - 2 -