ANALYSIS:
Administration has requested the referral to the Finance and Citywide Projects Committee in order to appropriate proposed budget transfers between adopted projects. Several Capital Renewal and Replacement (CR&R) projects have been completed with savings. The Property Management Department is requesting that the funds be transferred to the underfunded project listed below, as needed.
Property Management Emergency Generator
The City needs to install one (1) emergency generator at the Property Management Department (the Project). The Project consists of a 500kW generator, automatic transfer switch, concrete pad at 3’-6” above base flood elevation, as well as fire alarm, and electrical changes. The installation of this equipment is essential to keep the Property Management facility operational in the event of a storm or other catastrophe that would result in loss of power.
The CR&R project allocation to install the emergency generator has a current balance of $241,977.36, an additional $95,000.00 is needed to complete the project. The Property Management Department has been able to identify funds that may be used to complete this project. The funding sources are as follows:
South Shore Community Center Elevator Renewal (69960): The project has been successfully completed with savings.
Scott Rakow Fire Alarm Renewal (60037): The project is funded under the 2018 GOB, the funds are being requested to be used for the installation of the Property Management Generator.
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Transfer From:
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Transfer To:
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Amount
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GL Account
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Project Name
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GL Account
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Project Name
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$3,066.00
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125-1720-000674-00-410-546-00-00-00-69960
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SOUTH SHORE COMMUNITY ELEVATOR
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21818
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PROPERTY MANAGEMENT GENERATOR
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$91,934.00
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125-1720-000342-00-406-545-00-00-00-60318
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SCOTT RAKOW YOUTH CENTER GENERATOR
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21818
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PROPERTY MANAGEMENT GENERATOR
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