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Funding Parks Portion: <br />$69,913.75 is needed. The budget is $145,000. Budgeted funds include $100,000 in General Fund CIP <br />619 –Jennie Riley/Evelyn Kennedy Civic Center Parking Lot($62,413 needed)and $45,000 in General <br />Fund CIP 621 –Dog Park (paving access road, $7,500).The Parks items are under budget. <br />Funding Public Works Parking Lot Portion: <br />$47,237.50 is needed. $65,000 is budgeted. Budgeted funds include $65,000 in General Fund CIP 949 <br />–Public Works Facility Rehab. The Public Works Parking Lot is under budget. <br />Funding Streets Resurfacing: <br />$881,978.75 is needed. While the budget is $704,000, there are sufficient funds available for the entire <br />amountdue to cost savings in other streets projects.The proposed funding for the streets resurfacing <br />component is as follows: <br />BUDGETEDNOT BUDGETED <br />FUNDING SOURCE FOR OVERLAY BUT AVAILABLETOTAL <br />STR 531 –Asphalt Overlay$704,000.00$704,000.00 <br />1 <br />$ 53,675.00$ 53,675.00 <br />FUND 005 –Bond Fund Balance <br />2 <br />$ 53,100.00$ 53,100.00 <br />STR 531 –Conc. Pvmt Repair <br />3 <br />STR 531 –Street Reconstruction $ 71,203.75$ 71,203.75 <br />Totals:$704,000.00$177,978.75$881,978.75 <br />Notes: <br />[1] <br />Bond Fund 005 for Transportation & Other Infrastructure has a residual balance remaining of <br />$53,675.00 that can be utilized for this project. <br />[2] <br />A proposed contract for concrete pavement and inlet repair is included on this same April 9 <br />council agenda. $168,300 was budgeted for this work. The funding request for this project is <br />$115,200 leaving a balance of $53,100 that is available for this asphalt overlay contract. <br />[3] <br />Staff proposes to utilize $71,203.75 of the $147,000 line item for Street Reconstruction <br />provided in the Street Maintenance Tax budget. This will not reduce the amount of street <br />reconstruction work planned for this budget year because of open purchase orders and excess <br />materials on hand that rolled over from last budget year along with some redundancy built into <br />the Public Works Streets Divisions paving materials budget. <br />Proposed Fund Allocation Summary: <br />Fund 015 -General Fund CIP$117,151.25 <br />Fund 033 –Street Maintenance Tax$828,303.75 <br />Fund 005 –Bond for Transportation & Other Improvements$ 53,675.00 <br />Total:$999,130 <br /> <br />