Finance Committee Agenda and Packet 2012 04 16

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PAGE TWO SUBJECT: RESOLUTION NO. __, SERI ES 2012, A RESOLUTION AMENDING THE 2012 BUDGET DATE: MAY 1, 2012 The budget amendment is shown by line item detail and subtotaled by fund in Appendices A, B, and C to the Resolution. The following discussi on includes departmental narratives for each line item, or related group of line items. Carry Forward of Unused Appropriations from 2011 (Appendix A to the Resolution) 027-110-57402-00 Transfer to the C apital Projects Fund (+$20,380) 042-499-55310-42 McCaslin Di llon Intersection (+$101,900) This addition carries forward the unspent budget for the McCaslin/Interchange Project and transfers amounts from the McCaslin Interchange Fund for the 20% City match on the project. The remaining 80% cost is funded by federal grants. 027-110-57402-00 Transfer to the C apital Projects Fund (+$40,000) 042-499-55310-45 McCaslin Interc hange Modeling Study (+$40,000) This addition carries forward the unspent budget for the City of Louisville ’s portion of the McCaslin Interchange Modeling Study and tr ansfers an equal amount from the McCaslin Interchange Fund. 028-799-55330-06 Trail Im provements (+$60,000) During the public process for the Heritage Pa rk Renovation Project in 2010, the public expressed a desire to im prove the trail crossing in the nort heast corner of the park. The park renovation project budget did not have sufficient funds to address the public concern. Parks & Recreation proposes to utilize un -used dollars in the Trail Im provements fund to make the requested improvement. 028-799-55330-21 New Trails Program (+$53,040) The Coal Creek to Rock Creek Trail Connection alo ng the 104th Street corridor is a joint project with BCPOS, Louisville and Lafayette. The partners continue to work on planning & design for the project and continue to seek grant funding. The carry-forward funding will keep the project moving forward and cover plann ing & design expenses as we ll as pedestrian crossing improvements that need to be completed in 2012. 028-799-55330-54 Boundary Treatments (+$9,000) The Aquarius Trailhead Renovati on Project will include boundary f ence replacement. Instead of handling the fencing project separ ately, it was included as par t of the trailhead renovation project. 028-799-55330-76 Aquarius Parking Lot (+$76,170) The Aquarius Trailhead Renovati on Project was bid in December 2011 with an awar d of bid on January 12, 2012. The project is anticipated fo r completion on or about April 13, 2012. The Council Communication authorized funding for t he project to come from $70,170 in a carry- forward from 2011 budgeted at A quarius, Boundary Tr eatments ($5,000 carry -forward balance from Boundary Treatments and $10,500 reprioritized for this project from 2012 funds), Trail 16