HomeMy Public PortalAboutAB 13-165 Contingent Revenue and Contingent Expense Line Item Transfers for Unanticipated Revenue
McCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 13-165
Meeting Date September 26, 2013
AGENDA ITEM INFORMATION
SUBJECT:
Contingent Revenue and Contingent Expense line
Item transfer for unanticipated revenue
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Originator
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
$170,763
Parks and Recreation
FUNDING SOURCE:
ITD Office of Highway Safety Grant $29,700, Local Option Taxes (LOT) $50,520, ICDBG 3rd Street Revitalization $14,307, Federal Transit Authority (FTA) Grant $16,236, ITD Grant $60,000
Airport
Library
TIMELINE:
N/A
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The City of McCall was awarded $29,700 from the Idaho Transportation Department Office of Highway Safety for traffic enforcement mobilization during FY13 for overtime reimbursement and
equipment incentives. Local Option Tax receipts are projected to come in $50,520 over the FY13 budget amount. Increase the ICDBG 3rd Street Revitalization grant budget by $14,307. The
grant was under budgeted for FY13 budget. Staff anticipates this project will be complete by September 30, 2013 and will spend the entire grant amount. The City of McCall was awarded
a Federal Transit Authority Grant of $16,236 to construct and improve sidewalks and an ITD Grant of $60,000 to extend the turn lane enhancing the ICDBG 3rd Street Revitalization Project.
These revenues were not included in the FY13 budget. In order to be able to spend these funds on the indentified projects, contingent revenue and contingent expense line item transfers
must be made.
See the attached memo for the detail of each line item transfer.
RECOMMENDED ACTION
Approve the contingent revenue and contingent expense line item transfers.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION