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HomeMy WebLinkAbout23-Public Services c CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION From: Ken Fischer, Director Subject: Authorize the Director of Finance to amend the FY 07-08 Budget in order to fully fund contract street repairs. Dept: Public Services Date: January 28, 2008 Meeting Date: February 4, 2008 Synopsis of Previous Council Action: Resolution No. 2007-229 - Mayor and Common Council of the City of San Bemardino authorized the execution of an Agreement with Nelson Paving and Grading Corporation (NPG), for miscellaneous street repairs throughout the City of San Bemardino. Recommended Motion: Authorize the Director of Finance to amend the FY 07-08 Budget by transferring $90,000 from Account Number 135-378-5504-7686 (Sierra Way Pvmt. Rehab) into C Aoco"'" N"mOO, 135-378-5504-7362 (Re'~onti:~ ~~,v7 ~ Signature c Contact person: Ken Fischer, Director Supporting data attached: Staff Report Phone: Ward: 5140 All FUNDING REQUIREMENTS: Amount: No Net Cost Source: Finance: Council Notes: :J}tt/lJf Agenda Item No. ~ c c c CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION Staff Report Subject: Authorize the Director of Finance to amend the FY 07-08 Budget in order to fully fund contract street repairs. Background: On July 2, 2007, the Mayor and Common Council adopted Resolution No. 2007-229 approving an agreement with Nelson Paving and Grading Corporation (NPG) in the amount of $350,000 for miscellaneous street repairs throughout the City of San Bernardino. During the 07/08 CIP Process, some of the account numbers for this PO were inadvertently under-funded and a shortfall of $90,000 occurred. For that reason, a budget amendment is needed to correctly fund the PO to NPG. Staff is recommending that the $90,000 shortfall be funded with savings in Account No. 135-378-5504-7686 (Sierra Way Pavement Rehab). The cost saving is due to the fact that several Mill and Overlay projects were combined. This method allows the contractor to utilize the equipment and crews more efficiently which maximizes productively, thus providing savings to each project. If this budget amendment is approved, the $350,000 PO to NPG will be funded from the following sources: 1. Account No. 001-402-5502-5502 in the amount of $250,000 2. Account No. 126-369-5504-7362 in the amount of $10,000 3. Account No. 135-378-5504-7362 in the amount of $90,000 Financial Impact: There is no net cost. Staff will utilize savings in Account Number 135-378-5504-7686 (Sierra Way Pavement Rehab) and transfer $90,000 to Account Number 135-378-5504- 7362 (Residential Street Repair). . Recommendation: Authorize the Director of Finance to amend the FY 07-08 Budget by transferring $90,000 from Account Number 135-378-5504-7686 (Sierra Way Pavement Rehab) into Account Number 135-378-5504-7362 (Residential Street Repair).