SUBJECT
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Authorizing the City Manager to amend the FY2024 Transit Capital Grant budget by increasing revenues and expenses in the amount of $5,743,245.00 in order to appropriate the approved Federal Transit Administration (FTA) Grant NO. TX-2024-034, upon approval of Council Item #2024-RT-14.
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PREVIOUS COUNCIL ACTION
On 05/06/2024, Council item #2024-RT-14 to accept and execute the Federal Transit Administration (FTA) grant Section 5339 (c) TX-2024-034 to purchase fourteen (14) CBG buses was presented to the Laredo Mass Transit Board.
BACKGROUND
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COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends approval of 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 revenue 518-5180-322-2001 and expense account 518-5180-584-9900. Budget chart has been attached to this agenda item.