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HomeMy WebLinkAboutAGENDA REPORT 1996 1002 CC REG ITEM 07DTO: FROM: DATE: SUBJECT: AGENDA REPORT C = TY OF MOORPARK The Honorable City Council Kenneth Gilbert, Director of Public Works September 20, 1996 (Meeting of 10 -2 -96) Consider Reappropriation of Funds for Griffin Park Expansion As you may recall, the City successfully negotiated the lease of approximately 0.57 acres of surplus freeway right -of -way, located adjacent to the westbound Collins Drive off -ramp, for the purpose of expanding Griffin Park. An encroachment permit was obtained, the fence was relocated and the City is proceeding (with City forces) with the installation of an irrigation system, trees, shrubs and turf. A. FY 1995/96 The City Council approved a project for the expansion of Griffin Park into the newly leased area. Funds in the amount of $4,000 were appropriated in FY 1995/96 for this purpose. Although these efforts commenced early last spring, the amount of expenses actually incurred prior to June 30, 1996, was only $710. it is necessary, therefore, to reappropriate funds in FY 1996/97 for those costs incurred subsequent to that date. A recap of last year's budget and actual expenses [005.4.532.903.000421] is as follows: griiprk2 Element Amount W FY 1995/96 Budget 4,000 Less actual FY 1995/96 Expenses -- 10 Unexpended 3,290 Griffin Park Expansion October 1996 Page 2 B. FY 1996/97 The funding source for this project is Zone 3 of the Parks Improvement Fund. The present balance of those funds is $247,000 +. As stated above, the construction of this project is now underway. Unlike the cost estimate presented to the City Council last Spring, at this point in time staff is in a better position to estimate the total cost for these improvements. The total cost of this project is now estimated to be approximately $8,000. A rough breakdown of those costs are as follows: • Fence relocation: $3,000 • Irrigation System Modification: $4,000 • Other $1,000 Total Costs (two years) $8,000± A summary of the required funding for this project is as follows: Element Amount (Sl Anticipated Total Cost 7,913 Less prior year actual expenses (710) Plus contingency 97 Total FY 1996/97 Appropriation 7,300 Less Prior Year Unexpended Appropriation (21290) Total Additional Appropriation 4,010 -no T3 Staff recommends that the City Council approve an appropriation from Zone 3 of the Parks Improvement Fund and an amendment to the FY 1996/97 Budget in the amount of $7,300 (212.710.xxxx.733.9903) to fund current year costs for the subject project. grifprka