From
Kathleen C. Mercer
Title
Adoption of the FY 2020/2021 Capital Improvement Projects Budgets
Presenter
Kathleen C. Mercer, Director of Budget/Purchasing
Recommended Action
Approve
Analysis
On August 13, 2020 the City Manager’s proposed budget was submitted to the City Council. The City Council met to discuss the proposed budget at the workshop on August 21, 2020.
Financial Consideration
The FY 2020/2021 Capital Improvement Projects Budgets proposed total is $50,053,324. Detail by fund for the Proposed FY 2020/2021 Capital Improvement Projects Budgets are summarized as follows:
Proposed Appropriations : $50,053,324
Airport 100,000
Capital Reserve 3,320,400
Fire 3,452,388
IT 1,230,101
Lake 250,000
Library 60,739
Municipal Facilities 5,593,016
Parks 765,000
Storm Water 5,229,500
Streets 12,733,680
Solid Waste 200,000
Water 14,479,000
Wastewater 2,639,500
Funding sources:
Cash/Other resources 27,766,380
Certificates of Obligation 21,849,945
Cost of Issuance 436,999
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, ADOPTING THE FY 2020/2021 CAPITAL IMPROVEMENT PROJECTS BUDGET SUBMITTED BY THE CITY MANAGER OF
THE CITY OF GRAND PRAIRIE, TEXAS IN THE AMOUNT OF $50,053,324 WITH THE DETAIL BELOW BY FUND
WHEREAS, the City Managers of the City of Grand Prairie has prepared a budget providing the capital improvements project development for the City in FY 2020/2021; and
WHEREAS, the City Council has revised the budget and has directed certain modifications be made; and
WHEREAS, the appropriation for each project is based on an estimate of the cost even though the actual contract bid will vary.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS;
SECTION 1. THAT the City Council of the City of Grand Prairie hereby adopts the FY 2020/2021 Capit...
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