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T0: <br />FROM: <br />SUBJECT: <br />s <br /> <br />CITY OF LA PORTE <br />INTER-OFFICE MEMORANDUi~S <br />i <br />Mayor and ncil DA ,,~~01-07-82 <br />C~~ <br />John Joe n ngineering Dept. and Dortha Gt;tAcco ting Dept. <br />Final Acco ing - Lomax Street Bond Project <br />This memorandum amends my previous final accounting memorandum <br />of December 28, 1981. At the March 18, 1981 council meeting, when <br />the project was initially funded, Mr. Hudgens indicated to Council <br />that if during construction the project needed funds; the recom- <br />mended source was $28,690.00 from General Fund Contingency (1980-81). <br />The accounting department has already reserved these funds for the <br />expenditures on the project. Council minutes indicate that Council <br />was in general agreement with this measure; however, the funds were <br />not actually appropriated at that time. It is recommended that <br />Council approve the additional $28,690.00 plus an additional $3,167.25 <br />from the 1981-82 General Fund Contingency which has a fund balance <br />of $179,000.00. <br />SUMMAP.Y OF PROJECT EXPENDITURES <br />Lomax Street Improvement Bond <br />Contribution from Capital Improvement Fund <br />Bonding Fees $ 48,106.90 <br />Miscellaneous 1,676.00 <br />Preliminary Eng. Fees 12,027.14 <br />Design Eng. Fees 112,153.58 <br />Extra Services 29,385.33 <br />Actual Construction 1,314,594.58 <br />Utility Relocation 13 <br />913 <br />72 <br />(By City Forces) , <br />. <br />Beginning Fund Balance <br />$ 1,450,000.00 <br />+ 50,000.00 <br />$ 1,500,000.00 <br />-(1,531,857.25) <br />DEFICIENT AMOUNT $ (31,857.25) <br />