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HomeMy WebLinkAboutSummary FormDate:. 01/24/2012 AGENDA ITEM SUMMARY FORM FILE ID: /, - 000 /5 Requesting Department: Management & Budget Commission Meeting Date: 02/09/2012 District Impacted: Citywide Type: Resolution n Ordinance ❑ Emergency Ordinance n Discussion Item ❑ Other Law Department Matter ID No. Subject: Resolution amending Capital Projects Appropriations Resolution No. 12-0011 and Resolution No. 12-0015, adopted January 12, 2012. Purpose of Item: To appropriate new funding sources and to amend the Capital Improvements Appropriations Resolution 12-0011 and Resolution No. 12-0015, to reflect the addition of these funds as well as other reprogramming of existing funding. Background Information: A new appropriation of revenues from Transit Half -Cent Surtax is being established to fund City of Miami Trolley Program - Capital Acquisition & Expenditures, B-70715; a new appropriation of revenues from Marinas Revenues is being established to fund Miscellaneous Repair - 10% Set Aside, B-30706; a new appropriation of revenues from TVM Production Basic Use Fee is being established to fund Coconut Grove Waterfront Master Plan PHI, B-30182A. Furthermore, the City received several grants totaling $2,550,000 from various granting agencies. These new appropriations, as well as reprogramming of existing funding to continue projects, require that the Capital Improvements Appropriations Resolution No. 12-0011 and Resolution No. 12-0015 be amended to reflect said changes to the capital appropriations. Budget Impact Analysis YES Is this item related to revenue? Is this item an expenditure? If so, please identify funding source below. General Account. No: Special Revenue Account No: CIP Project No: YES Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: CIP N/A If using or receiving capital funds - Grants ----- N/A Final Approvals ; - (SIGN AND DATE) """`°-' Budget - Purchasing N/ Chief Risk Management Dept. Directo City Manager Page 1 of 1