Supplemental Budget Amendment #139 - Prior Year Grant Adjustments
From:
Stephan Hall, Interim Department Director
Organization:
OMB
CAO Approval:
RECOMMENDATION:
Recommendation Concerning Supplemental Budget Amendment #139 - Stephan Hall, Management and Budget Services Interim Department Director
That the Board adopt the Resolution approving Supplemental Budget Amendment #139, FTA Capital Projects Fund (320), for a reduction in the amount of $475,762, to make prior year Grant adjustments for two Federal Transit Administration (FTA) Capital Grants and the State of Good Repair Capital Grant for Escambia County Area Transit (ECAT). Supplemental Budget Amendment #139 places the correct balances in each Grant after performing a Grant analysis in conjunction with the Clerk's Office, ECAT, and the Office of Management and Budget.
BACKGROUND:
Prior year grant adjustments are needed for three ECAT grants. These grants are used for facility maintenance enhancements, buses, para-transit vehicles, installation of vehicle camera system, and to purchase other capital items. These grant adjustments need to be recognized and appropriated accordingly.
BUDGETARY IMPACT:
This amendment will decrease Fund 320 by $475,762.
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.