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HomeMy WebLinkAboutApprove Resolution No. 4141, Budget Amendment for Story Mansion Construction Project Commission Memorandum REPORT TO: Honorable Mayor and Commission Members FROM: Anna Rosenberry, Finance Director Chris Kukulski, City Manager SUBJECT: Budget Amendment for Story Mansion Construction Project Resolution No. 4141 MEETING DATE: January 12, 2009 RECOMMENDATION: Approve Resolution No. 4141 BACKGROUND: On December 8, 2008, the Commission approved award of the construction bids for renovations to the basement and first floor of the Story Mansion. At that time, they directed staff to bring back the necessary budget amendments transfer $391,222 from the General Fund to the Story Mansion Construction Fund, and to budget for the project expenditures totaling $1,342,062 in FY09. FISCAL EFFECTS: The effect of this amendment is to decrease cash in the General Fund by $391,222, increase cash in the Story Mansion Construction fund by $391,222, and to increase spending authority in the Story Mansion Construction Fund by $1,342,062. ALTERNATIVES: As suggested by the City Commission. Respectfully submitted, Anna Rosenberry, Finance Director Chris Kukulski, City Manager 64 - 1 - COMMISSION RESOLUTION NO. 4141 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, AMENDING COMMISSION RESOLUTION NO. 4121, APPROPRIATION RESOLUTION FOR FISAL YEAR 2008-2009. WHEREAS, the City Commission did, on the 2nd day of September, 2008, after due and proper legal notice, adopt Commission Resolution No. 4121, Appropriation Resolution for the Fiscal Year ended June 30, 2009, and WHEREAS, on December 8, 2008, the City Commission did award construction bids for renovation of the Story Mansion, and direct staff to prepare the necessary budget amendments, and WHEREAS, The City Commission, on the 12th day of January, 2009 after due and proper legal notice, held a public hearing for consideration of amendments to Commission Resolution No. 4141. NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, to wit: Section 1 The City Commission of the City of Bozeman, Montana, does hereby authorize and appropriate transfers of cash for the budget units and purposes set forth below, in the amounts designated herein, as follows. Cash Transfer Total/Fund Transfer Cash from General Fund To the Story Mansion Construction Fund For Basement and 1st Floor Renovations $391,222.00 Section 2 These amendments shall add to the budget authority adopted in Commission Resolution No. 4121. For Basement and 1 Appropriation Authority Increase Increase appropriation authority in the Story Mansion Construction Fund for total project costs, as approved. st Floor Renovations $1,342,062.00 65 - 2 - Section 3 Pursuant to Section 7-6-4030, M.C.A., this resolution, upon its passage, shall be in full force and effect on July 1, 2008. ________________________________________ KAAREN JACOBSON Mayor ATTEST: _____________________________________ STACY ULMEN City Clerk APPROVED AS TO FORM: ___________________________________ BOB PLANALP Interim City Attorney Section 4 That should it be found by any court of competent jurisdiction that any section, clause, portion, sentence, word, or phrase of this resolution is deemed to be contrary to any existing law or regulations, that in this instance, it is the intent of the City Commission of the City of Bozeman, Montana, that all other portions, sections, words, clauses, phrases, or paragraphs of this document shall remain in full force and effect. PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 12th day of January, 2009. 66