| Item Title: | Budget & Fiscal Policy Department - Qtr 4 CIP Reallocation of Funds | | Submitted By: | Jessica C. Garza, Interim Director, Budget and Fiscal Policy Department (915) 546-2262 | | Subject: | Approve and authorize the quarterly reallocation of Capital Funds for FY22 quarter 4. | | Background: | County administration and staff have met and reviewed Capital and CIP project funding. The attached worksheets include the detailed capital projects that have either been completed or are no longer necessary. This sweep of funding has also been coordinated with staff of the County Auditor’s office as of the September capital project reconciliation. Swept funds will be allocated to the unassigned object code for future allocation consideration.
| | Fiscal Impact: | $500,381.57 Reallocation approval for CIP EFR (Capital Improvement Project Eligible for Reallocation). Swept funds will be allocated to the following miscellaneous object codes for future allocation consideration:
COCP-3001-0000000-431-00-00000-0000-00000-750005- $502,451.70
$2,070.13 Reallocation of available funds from COCP-3001-REPLC22-431-10-10000-0001-DOORS-703001- to COCP-3001-REPLC23-431-10-10000-0001-DOORS-703001- for the FY23 Door replacement projects.
$15,223.00 Reallocation of available funds from COCP-3005-ERPSW12-431-10-11080-0000-00000-709003- to COCP-3005-DTBLDNG-431-10-10000-0001-00000-703001-
for the Downtown Renovation Project.
| | Recommendation: | Approve and authorize the quarterly reallocation of Capital Funds for FY22 quarter 4. | | Prior Action: | Amounts are for multiple year projects.
- FY22 Qtr. 1 – February 21, 2022 - $1,804,405.29: CIP, $726,682.32: 2012 Bond
- FY22 Qtr. 2 – May 23, 2022 - $686,693.99: CIP, $5,197.53: 2012 Bond
- FY22 Qtr. 3 – August 22, 2022 - $570,434.80: CIP, $281,512.18: 2012 Bond
| | Strategic Plan: | .. | | Strategic Plan Information: | |
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