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HomeMy WebLinkAboutAGENDA REPORT 2017 0503 CCSA REG ITEM 10G ITEM 10.G. CiTYOF MOORPARK,CAUFO'NIA City Council Meeting ofo/1 MOORPARK CITY COUNCILAcTIoN: AGENDA REPORT - • BY: TO: Honorable City Council FROM: Sean Corrigan, City Engineer/Public Works Director Prepared by: Shaun Kroes, Program Manager DATE: April 21, 2017 (CC Meeting of 05/03/17) SUBJECT: Consider Resolution Amending the Fiscal Year 2016/17 Budget to _ Transfer Remaining TDA Article 3 Funds from Completed Project to the Arroyo Vista Community Park Loop Trail Project BACKGROUND AND DISCUSSION The Arroyo Vista Community Park Loop Trail Capital Improvement Program (CIP) C0018 includes $66,000 in grant funding from Local Transportation Development Act (TDA) Article 3 Fund 2411. As part of the City's FY 2015/16 TDA audit, the City identified $9,959.00 in remaining TDA Article 3 funds from a previously completed project (pedestrian countdown timers), which had been awarded $30,000.00 for the project. The City requested and received permission from the Ventura County Transportation Commission to transfer the remaining $9,959.00 to CIP C0018. FISCAL IMPACT The Fiscal Year 2016/17 Budget for CIP C0018 includes $66,000.00 for CIP C0018, which has been spent. Staff is requesting a budget amendment (attached) for an additional $9,959.00 in Fund 2411 that is now available for the project. STAFF RECOMMENDATION (ROLL CALL VOTE) Adopt Resolution No. 2017- . Attachment: Resolution 154 RESOLUTION NO. 2017 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR 2016/17 BUDGET TO APPROPRIATE FUNDS FROM LOCAL TRANSPORTATION DEVELOPMENT ACT ARTICLE 3 FUND (2411), FOR ARROYO VISTA COMMUNITY PARK LOOP TRAIL WHEREAS, on June 15, 2016, the City Council adopted the Operating and Capital Improvements Projects budget for Fiscal Year 2016/17; and WHEREAS, the adopted budget included $66,000.00 appropriation for the Arroyo Vista Community Park Loop Trail Capital Improvement Program (C0018) for construction infrastructure services; and WHEREAS, a staff report has been presented to the City Council requesting a - budget adjustment increase of $9,959.00 from Local Transportation Development Act Article 3 Fund (2411); and WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said budget amendment and its resultant impact to the budget line item. 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$9,959.00 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 3`d day of May, 2017. Janice S. Parvin, Mayor ATTEST: Maureen Benson, City Clerk Attachment: Exhibit 'A': Appropriation and Budget Detail 155 Resolution No. 2017- EXHIBIT "A" BUDGET AMENDMENT FOR LOCAL TRANSPORTATION DEVELOPMENT ACT ARTICLE 3 FUND (2411) TO APPROPRIATE FUNDING FOR ARROYO VISTA COMMUNITY PARK LOOP TRAIL CAPITAL IMPROVEMENT PROGRAM (C0018) FY 2016-2017 FUND ALLOCATION FROM: Fund Account Number Amount TDA ARTICLE 3 2411-000-00000-33990 $ 9,959.00 Total $ 9,959.00 DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS: Account Number Current Budget Revision Amended Budget 2411-541-00018-55200 $ 66,000.00 $ 9,959.00 $ 75,959.00 $ - $ - $ $ - $ - $ $ - $ - $ Total $ 66,000.00 $ 9,959.00 $ 75,959.00 Finance Approval: l6 `'l 156