M&C Review


COUNCIL ACTION:  Approved on 6/12/2018 - Ordinance No. 23263-06-2018

DATE: 6/12/2018 REFERENCE NO.: G-19306 LOG NAME: 03FY18 - 2018 BOND PROGRAM APPROPRIATION FOR FY2018
CODE: G TYPE: NON-CONSENT PUBLIC HEARING: NO
SUBJECT:   Adopt Appropriation Ordinance Increasing Estimated Receipts and Appropriations in the FY2018 Bond Program Fund in the amount of $269,171,000.00 to Provide Funding for Certain 2018 Bond Projects and Authorize use of Available Cash to be Reimbursed in the Fiscal Year 2019 Bond Program (2018 CAPITAL BUDGET ORDINANCE) (ALL COUNCIL DISTRICTS)

RECOMMENDATION:

It is recommended that the City Council adopt the attached appropriation ordinance increasing revenues and appropriations in the 2018 Bond Program Fund in the amount of $269,171,000.00 to provide funding for certain 2018 Bond Projects.

 
DISCUSSION:

The purpose of the Mayor and Council Communication is to adopt an appropriation ordinance for Fiscal Year 2018, allocating budgets to projects within the 2018 Bond Program:

PROPOSITIONTOTAL AUTHORIZATON2018 APPROPRIATION
Proposition A - Streets and Mobility Infrastructure Improvements$261,630,080.00$157,015,000.00
Proposition B - Parks and Recreation Improvements$84,180,600.00$59,520,000.00
Proposition C - Public Library Improvements$9,868,500.00$9,675,000.00
Proposition D - Fire Safety Improvements$11,975,820.00$11,741,000.00
Proposition E - Animal Care and Shelter Facility Improvements$13,770,000.00$13,500,000.00
Proposition F - Police Facility Improvements$18,075,000.00$17,720,000.00
TOTALS$399,500,000.00$269,171,000.00

Available resources within the General Fund will be used to provide financing for those expenses until debt is issued. Once debt associated with this project is sold, bond proceeds will reimburse the General Fund in accordance with the statement expressing official Intent to Reimburse that was adopted as part of the ordinance canvassing the bond election.

Attached are the projects and funding to support this appropriation. Departmental Capital Improvement Programs will be amended to reflect dollar amount and fiscal year changes related to 2018 bond funding.

These projects are located in ALL COUNCIL DISTRICTS.

This M&C does not request approval of a contract with a business entity.



 
FISCAL INFORMATION/CERTIFICATION:

The Director of Finance certifies that upon approval of the above recommendation and adoption of the attached appropriation ordinance, funds will be available in the Fiscal Year 2018 Capital Improvement Programs, as appropriated in the 2018 Bond Program Fund.

TO
    Fund Department
ID
Account Project
ID
Program Activity Budget
Year
Reference #
(Chartfield 2)
Amount

FROM
    Fund Department
ID
Account Project
ID
Program Activity Budget
Year
Reference #
(Chartfield 2)
Amount

Submitted for City Manager's Office by:
Fernando Costa (8180)
Originating Department Head:
Lynda Johnson (6222)
Additional Information Contact:
Terry Hanson (7934)

 
 
ATTACHMENTS
  03FY18 - 2018 BOND PROGRAM APPROPRIATION FOR FY2018 AO_34018V2.docx