Agenda Summary
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Requesting approval of a transfer of $350,048 from the Department of Infrastructure and Asset Management (IAM) Ordinary Maintenance Professional & Technical Services Account to the IAM Capital Outlay Professional & Technical Services Account.
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Official Text
To the Honorable City Council:
The Mayor respectfully requests that this Council approve the transfer of $350,048 from the Department of Infrastructure and Asset Management (IAM) Ordinary Maintenance Professional & Technical Services (OM P&T) Account (0112952-530000) to the IAM Capital Outlay Professional & Technical Services Account (0112958-53000). The OM P&T annual appropriation is used to fund professional services that often span fiscal years, and the creation of a Capital Outlay account will allow the Department to retain unspent fiscal year funds in a stabilization fund to continue service.
Appropriate staff will be available to answer any questions you may have. Thank you for your consideration of this matter.
Respectfully Submitted,
Katjana Ballantyne, Mayor