Supplemental Budget Amendment #203 - 2012 FTA Grant FL-90-X804-00
From:
Amy Lovoy
Organization:
OMB
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #203 - Amy Lovoy, Management and Budget Services Department Director
That the Board adopt the Resolution approving Supplemental Budget Amendment #203, FTA Capital Projects Fund (320) in the amount of $2,939,734, to recognize proceeds from the Federal Transit Administration (FTA), and to appropriate these funds to be used for various Mass Transit Capital Projects associated with the Escambia County Area Transit System (ECAT).
BACKGROUND:
Escambia County Area Transit System (ECAT) was awarded funds in the 2012 FTA Grant# FL-90-X804-00, and these funds need to be recognized to be used for capital projects at ECAT.
BUDGETARY IMPACT:
This amendment will increase Fund 320 by $2,939,734.
LEGAL CONSIDERATIONS/SIGN-OFF:
N/A
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Board policy requires increases and decreases in revenues to be approved by the Board.