SUBJECT
Authorizing the City Manager to amend the FY25-26 General Fund Parks Department budget by drawing down fund balance and appropriating expenditures in the amount of $49,314 in order to appropriate funds awarded by Texas Municipal League (T.M.L.) to be used for the replacement of the playground and shade at the Inner City Playground located at 202 West Plum.
PREVIOUS COUNCIL ACTION
None.
BACKGROUND
Replace Fabric shade only $11,986.00 (Impression Design)
Playground parts/labor $59,659.19 (Game Time)
Total Cost $71,645.19
Insurance Payout <$49,314.30> (TML paid)
Remaining $22,330.89
Deductible/City responsibility <10,000.00> City portion of the loss / member out-of-pocket
Replacement cost depreciation <12,330.89> To be paid to the City once the work is completed, must prove cost with invoices from the vendor.
COMMITTEE RECOMMENDATION
None.
STAFF RECOMMENDATION
The approval of this item.
Fiscal Impact
Fiscal Year: 2025/2026
Budgeted Y/N: Yes
Source of Funds: T.M.L. Insurance Payout
Account #: 101-3115-555-9301
Change Order: Exceeds 25% Y/N: No
FINANCIAL IMPACT:
Expense:
Budget Amendment Amended Budget
Improvements Other than Bldgs (101-3115-555-9301) -0- 49,314 49,314