TITLE
HOLD a public hearing and consider an ordinance amending the FY 2017 Annual Budget and Plan of Municipal Services of the City of Killeen for the Brookhaven/Rancier Hike & Bike Trail.
SUMMARY
AGENDA ITEM
FY 2017 Brookhaven/Rancier Hike & Bike Trail Budget Amendment
ORIGINATING DEPARTMENT
Finance /Public Works - Transportation Division
BACKGROUND INFORMATION
On October 10, 2014, the City of Killeen submitted an application to the Killeen-Temple Metropolitan Planning Organization (KTMPO) requesting $548,158 for the Transportation Alternatives Program (TAP) Call for Projects. On November 19, 2014, the City of Killeen was awarded $250,000 for the Brookhaven/Rancier Hike and Bike Trail.
DISCUSSION/CONCLUSION
Public Works advertised for bids and is ready to move forward with a contract for construction of the Brookhaven/Rancier Hike & Bike Trail.
FISCAL IMPACT
A budget amendment is needed in the Child Safety Fund for the project. The total cost of the project is $692,296. The amendment will increase revenues by $250,000 to recognize the grant proceeds from the KTMPO. The amendment will also increase expenditures by $581,283; $250,000 that is being covered by the KTMPO grant and $331,283 being carried forward from unused project funds in FY 2016.
|
Revenues |
|
Account Number |
Description |
Budget |
Change |
Amended Budget |
|
248-0000-382.48-03 |
KTMPO Brookhaven-Rancier |
$0 |
$250,000 |
$250,000 |
|
Expenditures |
|
Account Number |
Description |
Budget |
Change |
Amended Budget |
|
248-3446-434.63-50 |
Project Expense-Brookhaven |
$168,717 |
$581,283 |
$750,000 |
RECOMMENDATION
Staff recommends that City Council approve the ordinance amending the FY 2017 Budget.