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