To: Board of Supervisors
From: Public Works
Agenda Section: Consent
Vote Requirement: 4/5th
SUBJECT:
title
Appropriation Transfer for Public Works Bicycles & Trailways Budget (1710715) in the amount of $25,296 for Fiscal Year 2024-25 (4/5 Vote Required)
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the appropriation transfer for Fiscal Year 2024-25 in the amount of $25,296 for Public Works Bicycles & Trailways to increase Services and Supplies and Other Charges and reduce Fixed Assets. (4/5 Vote Required)
Body
STRATEGIC PLAN:
This action supports the following areas of your Board’s Strategic Plan.
Area of Focus: Safe & Healthy Communities
Strategic Plan Category: 1007 - Improve the transportation network to be multi-model, safe, sustainable and equitable
DISCUSSION:
Public Works would like to transfer funds between the Fixed Asset line Infrastructure to Services and Supplies line, and Other Charges lines in the Bicycles & Trailways Program (1710715) in fiscal year (FY) 2024-25.
SOURCE OF FUNDING:
Bicycles & Trailways Program (1710715)
FINANCIAL IMPACT:
|
Expenditures (1710,715) |
FY24-25 |
FY25-26 Projected* |
FY26-27 Projected* |
|
Budgeted Expenses |
$16,477,500 |
|
|
|
Additional Appropriation Requested |
$0 |
|
|
|
Total Expenditures |
$16,477,500 |
|
|
*Projected amounts are estimates and are subject to change.
|
Funding Sources (1710,715) |
FY24-25 |
FY25-26 Projected* |
FY26-27 Projected* |
|
General Fund |
|
|
|
|
State/Federal Funds |
$16,477,500 |
|
|
|
Fees/Other |
|
|
|
|
Use of Fund Balance |
|
|
|
|
Contingencies |
|
|
|
|
Total Funding Sources |
$16,477,500 |
|
|
*Projected amounts are estimates and are subject to change.
Narrative Explanation of Financial Impact:
This item recommends transferring funds to the line items where expenses were incurred in fiscal year (FY) 2024 - 25 for the Bicycles & Trailways Program (1710715).
The Bicycles and Trailways Program has appropriations available for this request in the amount of $25,296. The appropriation transfer requires board approval because it will transfer funds out of a fixed asset. There are sufficient funds for this request.
STAFFING IMPACT:
Not applicable.
OTHER AGENCY INVOLVEMENT:
N/A
ALTERNATIVES TO STAFF RECOMMENDATIONS:
The Board may choose not to approve this supplemental budget request. However, this is not recommended as the Public Works’ Bicycles & Trailways Program budget would not in balance.
ATTACHMENTS:
1 1710-715 Appropriation Transfer FY 24-25
PREVIOUS ACTION/REFERRAL:
Meeting of: N/A
File No.: N/A