Title
RESOLUTION NO. 25R-11-219: A RESOLUTION APPROVING AN INTRA DEPARTMENT CAPITAL BUDGET ADJUSTMENT FOR FISCAL YEAR 2026 IN THE TOTAL AMOUNT OF $2,000,000, REFLECTING APPROPRIATE ADJUSTMENTS TO VARIOUS EXPENDITURE ACCOUNTS; PROVIDING VARIOUS BUDGET CODE NUMBERS; AUTHORIZING THE CITY MANAGER AND CITY ATTORNEY TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; AND PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, KENNIE HOBBS, JR.).
Body
Staff is requesting a Capital Budget Adjustment in the amount of $2,000,000 to the Fiscal Year 2026 budget to transfer funds among various budgeted line items, a copy of which is attached hereto.
Request Action:
Approve the resolution
Need Summary Explanation/ Background:
Cost Summary/ Fiscal Impact:
The total capital budget adjustment is $2,000,000
Attachments:
1. Budget Adjustment
2. Resolution
Budget Code Number(s): _various________________________________
Procurement Information: [check all that apply]
[ ] RFP/Bid [ ] Emergency Purchase [ ] SBE
[ ] Proposal/Quote [ ] State Grant Funds [ ] Local Preference
[ ] Piggyback Contract [ ] Federal Grant Funds
[ ] Sole Source [ ] Matching Required