Label
Amend CIPROADWAYMATCHESANDPLANNING
Finance
Title
Amending Ordinance 20-20 to update the funding sources for the 2020 Matches & Planning Program; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
Ordinance 20-20 approved the appropriation and expenditure of $5,900,000 for 2020 major roadway Matches & Planning Program. As approved the Program was funded through the Capital Improvement Fund. This ordinance amends ordinance 20-20 to fund a portion of the Program through the Street Construction, Maintenance and Repair Fund (SCMR). Amending ordinance 20-20 to update the funding source will maintain consistency with the proposed amendments to the Capital Improvement Plan budget for 2020.
The fiscal impact of this ordinance is as follows:
- The amount of funds requested: $1,600,000
- The expenditure budget line item: 2014-35000-8CP2017STREET
- New revenue generated (operational revenue, grants, if any): none
- Revenue budget line item (if any): none
- Are funds budgeted in the current fiscal year (yes/no)? this is included in the proposed amendments to the operating and CIP budgets
- Is this a capital project (yes/no)? yes
- If yes, is it new or existing (new/existing)? new
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) no
o Quality Community Investment (Livable City, Development) (yes/no) yes
o Workplace Culture & Customer Service (yes/no) no
o Environment (yes/no) no
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That Section 1 of Ordinance 20-20 which reads as follows:
"SECTION 1. That the sum of $5,900,000 is appropriated from the Capital Improvement Program Fund into Account Code 5040-35000-8CP2017STREET and further authorizing the expenditure of same."
is amended as follows:
"SECTION 1. That the sum of $4,300,000 is appropriated from the Capital Improvement Program Fund into Account Code 5040-35000-8CP20...
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