Vote: approved

Item Text

70. BUDGET ADJUSTMENT FOR FISCAL YEAR 2011-2015 TRANSPORTATION IMPROVEMENT PROGRAM Pursuant to A.R.S. § 42-17106 (B), approve an amendment to the current FY2011-2015 five-year Transportation Improvement Program (TIP) in the Public Works (910) Transportation Capital Projects Fund (234), Year 1 (FY2010-2011) by decreasing the capital expenditure budgets for the following projects for a total of $3,500,000: Project Bridge Preservation (BRIG) capital budget by $1,500,000. Project County Arterials (ARTS) capital budget by $2,000,000. And, adjusting the following projects by increasing the FY2010-2011 (Year 1) capital expenditure budget for a total of $3,500,000: Project Pavement Preservation (PAVE) capital budget by $3,500,000. The requested adjustment is necessary to realign project budgets to more closely match year-end projected expenditure amount. These adjustments result in a net impact of zero and do not change the duly adopted budget as approved by the Board of Supervisors. Supervisor Districts No. 1, 4, and 5 (C-91-11-230-M-00)