Vote: approved

Item Text

86. BUDGET ADJUSTMENT FOR FISCAL YEAR 2015-2016 TRANSPORTATION IMPROVEMENT PROGRAM Approve an amendment to the current FY2016-2020 five-year Transportation Improvement Program in the Department of Transportation (640) Transportation Capital Projects Fund (234), Year 1 (FY2015-2016) by decreasing the capital expenditure budget for the MAG ALCP Project by $9,200,000 and increasing the following projects by the same amount: • Project County Arterials (ARTS) capital budget by $700,000 • Project Pavement Preservation (PAVE) capital budget by $5,000,000 • Project Partnership Support (PSUP) capital budget by $500,000 • Project Traffic Improvements (TIMP) capital budget by $2,000,000 • Project Right-of-way (RWAY) capital budget by $1,000,000 The requested adjustment is necessary to realign project budgets to provide funding to more closely match the year-end projected expenditure amounts. These adjustments result in a net impact of zero and do not change the duly adopted budget as approved by the Board of Supervisors. These actions will have a County-wide net impact of zero and they do not alter the budget constraining the expenditure of local revenues duly adopted by the Board pursuant to A.R.S. §42-17105. Supervisor Districts No. 1, 2, 3, 4, and 5. (C-64-16-084-M-00)