SUBJECT
title
Authorizing the City Manager to amend the FY2024 Transit Capital Grant budget by increasing revenues and expenditures in the amount of $1,152,500.00 in order to fund the Texas Department of Transportation CSJ-0922-33-227 grant, upon approval of Resolution #2024-RT-28.
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PREVIOUS COUNCIL ACTION
On September 3, 2024, the Laredo Mass Transit Board approved the acceptance and execution of the Texas Department of Transportation CSJ-0922-33-227 grant in the amount of $1,152,500.00 for the construction and improvement of twelve (12) ADA Bus Stops and Bicycle Enhancements.
BACKGROUND
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COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends the approval of this resolution.
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Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: N
Source of Funds: Transit Capital Grants
Account #: 518-5180
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Accounts affected will be the revenue 518-5180-324-2000 and expanse account 518-5180-584-9900.
Budget Amended Revised
Revenue
518-5180-324-2000 0 1,152,500 1,152,500
Expenses
518-5180-584-9900 1,139,426 1,152,500 2,291,926