TO: Mayor and Members of City Council
THRU: Adam Lindsay, Assistant City Manager
FROM: Jay Toland, Chief Financial Officer/Assistant City Manager
DATE: June 14, 2021
RE:
Title
Transportation Capital Project Fund Ordinance Closeout 2021-1 for Municipal Agreements Projects, Stormwater Drainage Improvements Fund Ordinance Closeout 2021-15 for FY15 Stormwater Drainage Improvements, 2021-18 for FY16 Stormater Drainage Improvements, and 2021-19 for FY17 Stormwater Drainage Improvements.
end
COUNCIL DISTRICT(S):
Council District(s)
All Districts
b
Relationship To Strategic Plan:
Mission Statement 2 - The City government is financially sound and provides a full range of quality municipal services that are valued by our customers and delivered by a dedicated workforce in a cost effective manner.
Executive Summary:
Staff proposes to partially close four Capital Project Fund ordinances. All revenues and expenditures for the projects have been recorded in previous years and the financial records have been audited. Partial closeouts are attached for each ordinance and a more detailed listing of project expenditures is also attached.
Background:
Capital Project Fund Ordinance Partial Closeout 2021-1 is for Transportation Fund Municipal Agreement projects such as sidewalks, landscaping, pedestrian safety, and a traffic signal. Each of the projects being closed have been completed. The partial closeout results in $7,230 being made available for use in other Transportation Municipal Agreement capital projects.
Capital Project Fund Ordinance Partial Closeout 2021-15 is for fiscal year 2015 stormwater drainage improvement and other capital expenditures including, Godfrey Outfall, Ferncreek Norwood, and Spot Repair Program. The partial closeout results in $1,447,883 being made available for use in other Stormwater capital projects.
Capital Project Fund Ordinance Partial Closeout 2021-18 is for fiscal year 2016 stormwater drainage improvement an...
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