Title
A summary of fund transfers being presented to the Finance and Audit Committee. (INFORMATIONAL ONLY UNLESS OTHERWISE DIRECTED BY THE COMMITTEE)
Body
A & E
1. A fund transfer of $16,000 is being requested to provide additional funding for the repair of damage to the Franklin Landfill due to the flooding from spring 2008.This work is required to prevent damage to the landfill’s protective cap and is required by the Wisconsin Department of Natural Resources. The original budget for this project was $165,000. It was over budget by $16,000 due to increases in the quantity of stone used to the drainage channels. This increase was not anticipated at the beginning of the project and is now substantially complete. Funds to offset this increase in expenditures are available from revenue received through the Emerald Landfill agreement established in October 2010.
AIRPORT
1. Request to transfer $39,552,000 to provide funding and expenditure availability for 15 Airport Capital Improvement Projects. These projects will not have sufficient funding carried over to 2011 from 2010 until the approval of the carryovers in late spring of 2011. This transfer request establishes both expenditure and revenue appropriations for 15 projects until the carryover process is complete. This will allow the projects to continue in the earlier months of 2011. Many of these projects were appropriated in 2009 or in 2010 but where planned to be implemented in 2011 and could not be done sooner due to scheduling and staff workload. General Mitchell’s engineering team would like to be able to enter into contracts for these projects in the first quarter of 2011 with the security of knowing that the funds have been properly appropriated and approved for the projects under consideration. General Mitchell is required to meet FAA requirements and as a result is required to maintain the airfield and airfield related structures. The airside projects must be kept on construction schedule to s...
Click here for full text