2016 Budget Amendment

by freedawirl

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<h2>FY 2016 Budget Amendment Mar 9 2016 FY 2016 Budget Amendment Overview Summary 
for Public Hearing</h2>
<p>Wednesday, March 9, 2016</p>
<p>capmetro.org | Finance</p>
<h2>Proposed Budget Amendment</h2>
<p>Chapter 451 of Texas Transportation Code permits the Board of Directors to amend the budget after public notice and a hearing.</p>
<p>&ndash; Public hearing on March 9, 2016</p>
<h4>&nbsp;</h4>
<table class="table table-bordered table-hover">
  <thead>
    <tr>
      <th valign="middle">
        <h4>Summary</h4></th>
      <th valign="middle">
      <h4>Proposed Amount </h4></th>
      <th valign="middle">
      <h4>Funding Source</h4></th>
    </tr>
  </thead>
  <tbody>
    <tr class="info">
      <td valign="middle">Project carryover funds from FY 2015 </td>
      <td valign="middle">$2,246,000 </td>
      <td valign="middle">Fund balance</td>
    </tr>
    <tr>
      <td valign="middle">New vehicles to provide transit services to seniors </td>
      <td valign="middle">$ 395,000</td>
      <td valign="middle">$220,000 in federal capital assistance; $175,000 in fund balance</td>
    </tr>
    <tr class="info">
      <td valign="middle">
        <p>Transfer of $887,000 in project management costsfrom capital budget to operating budget </p>
      </td>
      <td valign="middle">-0-</td>
      <td valign="middle">
        <p> No fiscal impact, transfer of costs recommended by external auditors</p>
      </td>
    </tr>
    <tr>
      <td valign="middle">New funding for projects already underway (more Howard Lane station parking, new maintenance facility, north operations warehouse)</td>
      <td valign="middle">$ 675,000</td>
      <td valign="middle">Fund balance</td>
    </tr>
    <tr class="info">
      <td valign="middle">Total proposed budget amendment </td>
     ...