Title
RESOLUTION NO. 24R-07-153: A RESOLUTION APPROVING A BUDGET ADJUSTMENT IN THE TOTAL AMOUNT OF $950,000.00 NECESSARY FOR RENT PAYMENTS FOR THE TEMPORARY RELOCATION OF THE POLICE DEPARTMENT AND FOR RENOVATION WORK AT THE POLICE DEPARTMENT; APPROVING THE TRANSFER OF FUNDS IN THE AMOUNT OF $150,000.00 FROM POLICE DEPARTMENT SALARIES AND THE AMOUNT OF $800,000.00 BETWEEN EXISTING CAPITAL IMPROVEMENT ACCOUNTS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER).
Body
Request Action:
Approve Budget Adjustment in the total amount of $950,000.
Need:
Approve Budget Adjustments for Budget transfers between accounts and line items within the same fund.
Summary Explanation/ Background:
Approve a budget adjustment between accounts to provide funding necessary for the temporary relocation of the Police Department and to pay for necessary renovations to the Police Department. $150,000 is to be transferred from Police Salaries for rent and $800,000 is to be transferred between existing capital improvement accounts to pay for the renovation work required due to unforeseen circumstances.
Attachments:
Budget Adjustment
Project List
Scope of Work
Cost Summary/ Fiscal Impact:
Transfer $150,000 from police salaries to rent
Transfer the total of $800,000 between existing capital improvement accounts for the renovation work necessary at the police department.
Estimated Time for Presentation: