Report Prepared by: Ken F. Elwin, Director of Public Works
Title
SUBJECT: Appropriation of Subrogated/Damage Claim Revenue to Respective Public Works Divisions
REPORT IN BRIEF
Public Works requests City Council approve a supplemental appropriation to Fiscal Year 2016-17 subrogated revenue resulting from infrastructure replacement cost recovery of $109,477 to Fund 022 - Streets, Fund 558 -Trees, and Fund 557 - Water.
RECOMMENDATION
City Council - Adopt a motion:
A. Approving a an increase to Damage Claim revenue in Fund 022- Street, Fund 558 - Trees and Fund 557 - Water and appropriating the same to the respective operating expenditure accounts; and
B. Authorizing the Interim Finance Officer to make the necessary budget adjustment.
Body
ALTERNATIVES
1. Approve, as recommended by staff; or,
2. Deny; or
3. Modify; or refer back to staff for further study
AUTHORITY
Charter of the City of Merced, Section 200.
CITY COUNCIL PRIORITIES
Not applicable.
DISCUSSION
Public Works Divisions’ approved budgets are used to ensure immediate replacement of damaged City infrastructure due to traffic accidents. The use of general maintenance funds have a negative impact on the already strained operating budgets of the Divisions. The lost or damaged infrastructure includes street light poles, street signs, traffic signals, City trees, and fire hydrants.
Subrogated revenue funds, already received by the City, are needed to reimburse the Divisions’ originally approved budgets. Therefore, the increase of operating budget lines requires Council approval. Your approval of this appropriation at this time will replace depleted operating fund budgets to the appropriate Public Works Divisions.
IMPACT ON CITY RESOURCES
Replacement of the damaged infrastructure expended Public Works normal operating budget; therefore, an increase to damage claim revenue accounts in the amount of $109,478 and appropriating the same to the respective operating expenditure accounts in order to maintain the level of services for Fiscal Year 2016-17.
|
Public Works Division |
Amount |
Damage Claim Revenue Account Line |
Supplies/ Services Expense Account Line |
|
Streets |
$ 97,730 |
022-1104-360.01-03 |
022-1104-532.25-00 |
|
Trees |
$ 2,116 |
558-1122-360.01-03 |
558-1122-532.25-00 |
|
Water |
$ 9,631 |
557-1106-360.01-03 |
557-1106-532.25-00 |
|
TOTAL |
$ 109,477 |
|
|
ATTACHMENTS
None.