Title
RESOLUTION FOR THE ALLOCATION AND INTERFUND TRANSFER OF UNEXPENDED 2013 BUDGET AUTHORITY TO THE CAPITAL IMPROVEMENT FUND
Presented by: Lindsay Poe Rousseau, Budget Director.
RECOMMENDED ACTION: Adopt the resolution.
Body
State budget law (K.S.A. 19-120) allows for the interfund transfer of monies to the Capital Improvement Fund via resolution. The Capital Improvement Fund may be used to finance any capital public improvement need, including the construction, repair, restoration, and rehabilitation of public facilities.
Based on 2013 year-end budget authority balances and organizational needs, the projects requested for transfer to the Capital Improvements Fund include:
Fund Transferred From Project Amount
General Fund Adult Detention master control $1,500,000
General Fund Parking improvements and sewer connection
at youth soccer and softball fields $50,932
Total $1,550,932
Alternatives: Do not approve the interfund transfers, which will prevent departments from pursuing the various projects outlined in the resolution.
Financial Considerations: The requested action will transfer $1,550,932 from the General Fund to the Capital Improvement Fund for the capital projects outlined above. As appropriate, independent fund centers will be established for each project.
Legal Considerations:
Policy Considerations:
Outside Attendees:
Multimedia Presentation: