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Fiscal Impact |
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Fiscal Impact: |
Since this work is not currently included in the FY 2022 Capital Projects Fund budget, a year-end FY 2022 budget amendment will be necessary to appropriate funds.
Approximately $2.0M is projected to be available in the Public Works Project Fund (PWPF) by FYE 2022 for road improvement projects such as this. If this agreement is approved, a fiscal year-end transfer would be made from the PWPF to the Capital Projects fund, where these project costs would be expensed. Expenditures would occur in both FY 2022 and FY 2023. A FY 2022 year-end budget amendment would be required to fund the FY 2022 portion of the project (estimated at $300,000), and PWPF funds would be proposed in the FY 2023 budget to cover the remainder of these design costs. |
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