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Agenda 05/13/2008 Item #16B 8 Agenda Item No. 16B8 May 13, 2008 Page 1 of 2 EXECUTIVE SUMMARY Recommendation for the Board of County Commissioners to approve budget amendments to reallocate funding on projects within Capital Road Funds. Project 60168 and 60091. OBJECTIVE: To approve budget amendments to shift funding for two capital road projects. Vanderbilt Beach Extension SR 951 to Wilson Project 60168 and Santa Barbara Blvd Extension Davis to Rattlesnake Road Project 6009 I. CONSIDERATIONS: Santa Barbara Blvd Extension can be built out of neighboring Impact Fee Districts. The budget amendments for this project are to shift funding within this project to share cost between these Impact Fee Districts. Vanderbilt Beach Extension can be built out of several Impact Fee Districts and Gas Taxes. The budget amendments for this project are to shift some of that funding into Gas Taxes. FISCAL IMPACT: Budget amendments are needed in the amount of $2,333,400 for the Vanderbilt Beach Road Extension project to reduce funding in Impact Fee District 2 Fund 333 and increase this same project in Gas Tax Fund 313. Budget amendments are needed in the amount of $5,056,900 for the Santa Barbara Blvd Road project to reduce funding in Impact Fee District 4 Fund 336 and increase the project in Impact Fee District 6 Fund 338. GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact associated with this Executive Summary. RECOMMENDATION: That the Board of County Commissioners approve all necessary budget amendments. Prepared By: Lisa Taylor, Management/Budget Analyst Page 1 of I Agenda Item No. 16B8 May 13, 2008 Page 2 of2 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Item Number: Item Summary: 16B8 Meeting Date: Recommendation for the Board of County Commissioners to approve budget amendments to reallocate funding on projects within Capita! Road Funds. Project 60168 and 60091. 5/13/20089:00:00 AM Prepared By Lisa T ay lor Management/Budget Analyst Date Transportation Services Transportation Administration 4/24/200810:12:58 AM Approved By Sharon Newman Accounting Supervisor Date Transportation Services Transportation Services Admin 4/24/2008 1 :45 PM Approved By Norm E. Feder, Ale? Transportation Division Administrator Date Transportation Services Transportation Services Admin. 4/29/200811:13 AM Approved By Susan Usher Senior Management/Budget Analyst Date County Manager's Office Office of Management & Budget 5/5/20083:08 PM Approved By James V. Mudd County Manager Date Board of County Commissioners County Manager's Office 5/S/2008 4:19 PM file:/IC :\AgendaTest\Export\ 107 -May%20 13,%202008\ 16. %20CONSENT%20AGENDA \ 16 ... 517/2008