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| December 5, 2019 City Council Regular Meeting | |
| Title 51. A Resolution Authorizing the City Manager to Amend the Estimated Line Item Allocation of the Tier 4 SPLOST-6 (2014-2020) City of Savannah Project in the Event Total SPLOST Revenues Exceed $400 Million and Make Certain FY19 Supplemental Budget Adjustments to the Capital Improvement Fund | |
| Strategic Priority Good Government | |
| Description A resolution approving Supplemental Budget Adjustment No. 7 (FY19) to the Capital Improvements Fund. During the fiscal year, supplemental budget transfers and adjustments are necessary to maintain the adopted legal level of control set forth in the Capital Improvement Fund. These supplemental appropriations may modify expenditures and revenues that are necessary to account for varying costs realized through work completed toward the City's Capital Improvement Program, thus aligning capital investments with strategic initiatives and Council priorities for continuing and ready-to-go Capital Improvement Projects. Approval of these supplemental transfers will allow for necessary accounts to be established in order to begin work and/or prepare completed projects for closure. | |
| Recommendation Approval | |
| Contact Melissa D. Carter, Chief Budget Officer | |
| Financial Impact N/A | |
| Review Comments | |
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Attachments Exhibit 1: Resolution - Amending Tier 4 Projects of SPLOST 6 and Capital Impr Fund.pdf |
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