Coversheet


	5919 MAIN STREET . NEW PORT RICHEY, FL 34652 . 727.853.1016

TO:	Members of the Community Redevelopment Agency
FROM:	Crystal S. Feast, Finance Director
DATE:	5/2/2017
RE:	Consideration of Amendment to the FY17 Adopted Budget - Page 69

REQUEST:

The Board is asked to review and approve the following amendment to the FY17 Adopted Budget, which would allow for roofing improvements to the Incubator to be made and the transfer of funds within the CRA to cover those costs.

DISCUSSION:

This amendment request accompanies the ITB 17-007, Incubator Roof Replacement Bid Award, which was just presented by Public Works. The roofing improvements were not part of the CRA’s original budget for FY17. The cost of the roof replacement will total $49,249. There are other miscellaneous costs associated with this project, totaling $1,576, that have been included in the attached budget amendment request. The total budget amendment request is $50,825.

As stated in the City’s Purchasing Policy, any capital purchases or improvements that are not part of the original budget must go before the Board for approval.

RECOMMENDATION:

It is recommended that the Board approve the attached amendment to the FY17 Adopted Budget, which would allow for roofing improvements to the Incubator.

BUDGET / FISCAL IMPACT:

The adjustment results in the transfer of funds within the CRA Fund; therefore, there is no effect to the overall budgeted amount for the CRA.

ATTACHMENTS:
	Description	Type
	Budget Amendment Request	Exhibit