Agenda - 04-01-2014 - 6e - Laserfiche WebLink

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4 Twin Creeks Park (-$28,837) — Project#20003 Revenues for this project: Current FY FY 2013-14 FY 2013-14 2013-14 Amendment Revised General Government Revenue $900,000 ($28,837) $871,163 Alternative Financing $700,000 $0 $700,000 2001 Bonds $550,000 $0 $550,000 NCDOT Funds $429,457 1 $0 $429,457 Total Project Funding $2,579,457 ($28,837) $2,550,620 A ppropriated for this project: Current FY FY 2013-14 FY 2013-14 2013-14 Amendment Revised Land &Associated Costs $50,814 $0 $50,814 Design $45,000 $0 $45,000 Construction $2,483,643 ($28,837) $2,454,806 Total Costs $2,579,457 ($28,837) 1 $2,550,620 Park and Recreation Facility Renovations and Repairs ($55,000) — New Project#20039 Revenues for this project: Current FY FY 2013-14 FY 2013-14 2013-14 Amendment Revised From Other Projects $0 $55,000 $55,000 Total Project Funding $0 $55,000 $55,000 Appropriated for this project: Current FY FY 2013-14 FY 2013-14 2013-14 Amendment Revised Facility Renovations and Repairs $0 $55,000 $55,000 Total Costs $0 $55,000 $55,000 FINANCIAL IMPACT: The proposed Budget Amendment #6-A provides for the reallocation of $55,000 from existing County capital projects into a newly created County capital project to fund repairs and renovations needed for the current fiscal year 2013-14. Future year repairs and renovations would be addressed in the CIP (including a future budget amendment to transfer other residual parks capital funds in FY 2014-15) and approved by the Board on an annual basis as part of the budget and CIP approval process. RECOMMENDATION(S): The Manager recommends that the Board approve Budget Amendment #6-A for the reallocation of$55,000 from currently available capital project funds as shown in the above budget ordinance amendments to address repairs, renovations and site management needs in the current fiscal year 2013-14, and authorize the Manager to close the projects.