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HomeMy WebLinkAboutAGENDA REPORT 2007 0502 CC REG ITEM 10J rrEM 10 cizy council Meeting ACTION:� �-dd AAw MOORPARK CITY COUNCIL �D RY: AGENDA REPORT TO: The Honorable City Council . I FROM: Yugal K. Lail, City Engineer/Public Works Director / DATE: April 18, 2007 (CC Meeting of 05-02-07) SUBJECT: Resolution Amending the Fiscal Year 2006/07 Budget to Revise Funding for the Project 8002: 2007 Pavement Rehabilitation Project DISCUSSION On March 3, 2007, the City Council approved the award of a construction contract, to Valley Slurry Seal, for the construction of the subject project and adopted a Resolution fully funding anticipated costs for this project. There is $162,575 in State Congestion Relief grant funds available to the City, which can be expended on the subject project. The attached Resolution amends the FY2006/07 Budget to authorize use of that funding source for this purpose. The net change to the total appropriations for the project is zero. STAFF RECOMMENDATION (ROLL CALL VOTE) Adopt Resolution No. 2007- revising the funding for the subject project. Attachment: Resolution city share/public works/everyone/staff reports/2007/May/2007 Pavement Rehab_awd_0703 000234 Attachment 1 RESOLUTION NO. 2007- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FY 2006/07 BUDGET TO REVISE THE APPROPRIATIONS AND BUDGET AMOUNTS FOR PROJECT 8002: 2006 SLURRY SEAL PROJECT [LOCAL TRANSPORTATION FUND — TDA-ARTICLE. 8A (FUND 2603)AND TRAFFIC CONGESTION RELIEF (Fund 2610)] WHEREAS, on June 21, 2006, the City Council adopted the Budget for Fiscal Year 2006/07; and WHEREAS, a staff report has been presented to the City Council requesting a budget adjustments with an aggregate amount increase of zero; and WHEREAS, Exhibit "A", attached hereto and made a part hereof, describe said budget amendments and their resultant impacts to the budget line item(s). NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That a Budget amendment in the aggregate increase of zero, as more particularly described in Exhibit "A", is hereby approved. SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. PASSED AND ADOPTED this 2nd day of May, 2007. Patrick Hunter, Mayor ATTEST: Deborah S. Traffenstedt, City Clerk Attachment: Exhibit 'A': Appropriation and Budget Detail 00002035 Resolution No. 2007- EXHIBIT A BUDGET AMENDMENT FOR Project 8002: 2006 Slurry Seal Project FY 2006-2007 FUND ALLOCATION FROM: Fund Account Number Amount Local Transportation 8A 2603-5500 $ 162,575.00 Congestion Relief 2610-5550 $ 162,575.00 Total $ - DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS: Account Number Current Budget Revision Amended Budget 2603-8310-8002-9601: Design $ 7,000.00 $ 7,000.00 2603-8310-8002-9640: Const $ 2,025,000.00 $ 162,575.00 $ 1,862,425.00 2610-8310-8002-9640: Const $ - $ 162,575.00 $ 162,575.00 2603-8310-8002-9650: Ins p. $ 95,000.00 $ 95,000.00 Total $ 2,127,000.00 1 $ - $ 2127,000.00 Approved as to Form: city share/public works/everyone/staff reports/2007/May/2007 Pavement Rehab_awd_Budget 0 0 2 v 6