To: Honorable Mayor and Members of City Council
From: Julie Lucido, Public Works Director
Prepared By: Patrick Melgar, Management Analyst II
TITLE:
Title
Streets Paving Program, Mid-Year Budget Adjustment FY22-23
LABEL
RECOMMENDED ACTION:
Recommendation
Approve a budget adjustment in the City Capital Projects Fund by increasing expenditure budgets by $500,000 as documented in Council Budget Amendment No. 177P09.
Body
DISCUSSION:
The Streets Resurfacing Program is ahead of their planned neighborhood paving schedule. Several vacancies were filled this year, providing fully staffed crews. This has increased the crews’ efficiency and projected amount of paving for FY23.
To keep pace with the projected schedule, the proposed budget transfer would utilize the Street Resurfacing Program’s available fund balance to increase the FY23 operating budget by $500,000. This will provide the additional funds to perform street resurfacing at the full capacity of City crews. The requested budget will cover projected costs for trucking services, construction materials, and supplies related to paving.
FINANCIAL IMPACTS:
There is no General Fund impact. The attached Council Budget Amendment No. 177P09 would increase the expenditure budget for the Streets Resurfacing Program (30010810) within the City Capital Projects Fund by $500,000. The program’s available fund balance of approximately $770,000 will be used to fund the $500,000 increase to the FY23 operating budget. The expenditure budget will be used to pay for increased operating expenses such as materials, construction services, and supplies.
CEQA:
The Public Works Director has determined that the Recommended Action described in this Agenda Report is not subject to CEQA, pursuant to CEQA Guidelines Section 15060(c).
DOCUMENTS ATTACHED:
ATCH 1 - Council Budget Amendment No. 177P09
NOTIFICATION:
None.