Loading...
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 -