Title
Department of Transportation recommending the Board approve and authorize the Chair to sign a budget transfer request for one County Service Area 2 Zone of Benefit and ten County Service Area 9 Zones of Benefit to reallocate funds from Contingency and Designations to fund road maintenance projects during Fiscal Year 2019/2020. (4/5 vote required)
FUNDING: County Service Areas 2 & 9 Zones of Benefit Special Taxes and Assessments.
Body
DISCUSSION / BACKGROUND
The Department of Transportation’s (Transportation) County Service Area Zone of Benefit (ZOB) Program is established as a method to finance and provide needed public facilities and services to residents and property owners within these areas. The following budget transfers from each ZOB budget are necessary in order to appropriate funds and pay for road maintenance projects during Fiscal Year (FY) 2019/2020. These budget transfers are within each zone’s existing available funds and do not involve any retroactive work or contracts:
1) $1,486.00 from Designated - Other for Blanchard Estates (3591852)
2) $23,863.00 from Contingency for Carlson Drive (3591836)
3) $11,629.00 from Contingency for East El Largo (3591837)
4) $26,989.00 from Contingency for Fernwood-Cothrin (3591835)
5) $7,551.00 from Contingency for Hidden Lakes (3582803)
6) $18,000.00 from Designated - Other for King of the Mountain (3591849)
7) $11,193.00 from Contingency for Lynx Trail (3591845)
8) $7,596.00 from Contingency for Many Oaks (3591846)
9) $9,000.00 from Designated - Other for Nance (3591855)
10) $15,213.00 from Contingency for Randolph Canyon (3591850)
11) $40,520.00 from Designated - Other for Ryan Ranch (3591830)
See the attached budget transfer for specific Zone of Benefit budget adjustments.
ALTERNATIVES
The Board could choose not to transfer the available funds from each ZOB budget; however, this would result in contractors not receiving timely payment for completed work and alternative methods to fund road work would need to be identified.
PRIOR BOARD ACTION
N/A
OTHER DEPARTMENT / AGENCY INVOLVEMENT
N/A
CAO RECOMMENDATION / COMMENTS
It is recommended that the Board approve this item.
FINANCIAL IMPACT
Approval of this item would reallocate ZOB contingency and designated other by $173,040.00 for the listed zones in the current FY 2019/2020 budget. There is no impact to the General Fund or Road Fund, and there is no Net County Cost associated with this item.
CLERK OF THE BOARD FOLLOW UP ACTIONS
1) The Clerk of the Board will obtain the Chair's signature on the budget transfer documents.
2) The Clerk of the Board will forward the budget transfer to the Auditor/Controller for processing.
3) The Clerk of the Board will return one (1) copy of the budget transfer to Transportation for further processing.
STRATEGIC PLAN COMPONENT
Infrastructure
CONTACT
Rafael Martinez, Director
Department of Transportation