Title
RESOLUTIONS FOR THE ALLOCATION AND INTERFUND TRANSFER OF UNEXPENDED 2012 BUDGET AUTHORITY TO THE EQUIPMENT RESERVE AND CAPITAL IMPROVEMENT FUNDS.
Presented by: David Miller, Budget Director.
RECOMMENDED ACTION: Adopt the resolutions.
Body
State budget law (K.S.A. 19-119 and 19-120) allows for the interfund transfer of monies to the Equipment Reserve and/or Capital Improvement Funds via resolution. The Equipment Reserve Fund may be used for the acquisition of equipment, machinery, vehicles, computer hardware, software, software design and implementation, or personal property. The Capital Improvement Fund may be used to finance any capital public improvement need, including the construction, repair, restoration, and rehabilitiation of public facilities.
The projects requested for transfer to the Equipment Reserve and Capital Improvement Fund include:
1. An allocation for parking improvements and a sewer connection at the youth soccer and softball fields adjacent to Sedgwick County Park at an estimated cost of $803,581 to the Capital Improvement Fund.
2. An allocation of $350,030 for two watershed studies (Spring Creek & West Branch Chisholm Creek). This resolution will allocate those funds to the Capital Improvement Fund so that the studies may be completed.
3. An allocation for additional licenses, equipment, and implementation services for the Kronos electronic time keeping solution to the Equipment Reserve Fund for $107,475.
4. An allocation to the Equipment Reserve Fund which will set aside $600,000 dedicated to the replacement of health monitors/defibrillators used by EMS. The project is slated for 2014 and this allocation is a portion of the total cost of replacement of these medical devices, which totals $1.2 million.
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 $1,153,611 from the General Fund to the Capital Improvement Fund for the capital projects outlined above. Additionally, the requested action will transfer $107,475 from the General Fund, and $600,000 from the Emergency Medical Services Fund, to the Equipment Reserve Fund. Independent cost centers will be established for each project within the appropriate fund.
Legal Considerations:
Policy Considerations:
Outside Attendees:
Multimedia Presentation: