Supplemental Budget Amendment #064 - ECUA Contribution for Interlocal Cost Sharing Agreement, Detroit Blvd and Cove Ave
From:
STEPHAN HALL, Budget Manager
Organization:
Asst County Administrator
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #064 - Joy Jones, P.E., Engineering Department Director - Stephan Hall, Budget Manager, Management and Budget Services
That the Board adopt the Resolution approving Supplemental Budget Amendment #064, Local Option Sales Tax III (Fund 352), in the amount of $8,250, to recognize proceeds from Escambia County Utilities Authority (ECUA) for reimbursement for the Interlocal Cost Sharing Agreement for the Detroit Boulevard and Cove Avenue Utility Relocation project, and to appropriate these funds back into the LOST III project budget.
Escambia County and ECUA entered a 50/50 cost sharing agreement to share the cost of relocating utilities as part of the bridge installation at Detroit Boulevard and Cove Avenue. Total cost of the utilities relocation was $16,500, and ECUA's contribution is $8,250. These funds have been received and need to be transferred back into the project's budget.
BACKGROUND:
Escambia County and ECUA entered a 50/50 Cost Sharing Agreement to share the cost of relocating utilities as part of the bridge installation at Detroit Boulevard and Cove Avenue. Total cost of the utilities relocation was $16,500, and ECUA's contribution is $8,250. These funds have been received and need to be transferred back into the project's budget.
BUDGETARY IMPACT:
This Amendment will increase Fund 352 by $8,250.
LEGAL CONSIDERATIONS/SIGN-OFF:
N/A
PERSONNEL:
N/A
POLICY/REQUIREMENT FOR BOARD ACTION:
Increases and decreases in revenue must be approved by the Board per F.S. 129.06 - Execution and amendment of budget.