DeKalb County Government - File #: 2017-1184

• File #: 2017-1184
• Version: 1
• Type: Resolution
• Status: Action
• File created: 10/18/2017
• In control: Board of Commissioners
• On agenda: 1/22/2019
• Title: Commission District(s): All Reallocation of funding sources for certain previously approved CIP project budgets between the 2011 Bond Fund and the Renewal & Extension (R&E) Fund

Date	Ver.	Action By	Action	Result
1/22/2019	1	Board of Commissioners	approved	Pass
1/3/2019	1	PWI-Public Works & Infrastructure Committee	recommended for approval.	Pass
12/11/2018	1	Board of Commissioners	deferred	Pass
12/4/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
11/13/2018	1	Board of Commissioners
11/5/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
10/23/2018	1	Board of Commissioners	deferred	Pass
10/16/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
10/9/2018	1	Board of Commissioners	deferred for 2 weeks	Pass
9/25/2018	1	Board of Commissioners
9/18/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
9/11/2018	1	Board of Commissioners
9/4/2018	1	PWI-Public Works & Infrastructure Committee	recommended for approval upon receipt of additional information	Pass
8/28/2018	1	Board of Commissioners
8/21/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
7/24/2018	1	Board of Commissioners	deferred 30 days	Pass
7/17/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
6/28/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
6/26/2018	1	Board of Commissioners	deferred.	Pass
6/19/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
6/5/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
5/22/2018	1	Board of Commissioners	deferred 30 days	Pass
5/15/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
5/8/2018	1	Board of Commissioners	deferred	Pass
5/1/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
4/17/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
4/10/2018	1	Board of Commissioners	deferred	Pass
4/3/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
3/27/2018	1	Board of Commissioners	deferred.	Pass
3/20/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
2/27/2018	1	Board of Commissioners	30 day deferral	Pass
2/20/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
2/13/2018	1	Board of Commissioners	deferred.	Pass
2/6/2018	1	PWI-Public Works & Infrastructure Committee	recommended holding in committee
2/6/2018	1	Committee of the Whole

Substitute

Public Hearing:  YES ☐     NO ☒                                                  Department: Watershed Management                                     

SUBJECT:

Title

Commission District(s): All

Reallocation of funding sources for certain previously approved CIP project budgets between the 2011 Bond Fund and the Renewal & Extension (R&E) Fund

Body

Information Contact: Reginald Wells

Phone Number: 770-621-7234

PURPOSE:

Approval of the reallocation of funding sources for certain previously approved CIP project budgets between the 2011 Bond Fund and the Renewal & Extension (R&E) Fund based on projected cash flow needs and with the goal of expeditiously expending bond funds available since 2011.

NEED/IMPACT:

Following an update of the Department of Watershed Management (DWM) capital program budget and project timing, DWM has determined that the funding source of certain previously approved CIP project budgets should be reallocated between the 2011 Bond Fund and the Renewal & Extension Fund in order to meet the department’s CIP short-term cash flow needs and with the goal of expeditiously expending bond funds available since 2011.  The projected short-term cash flow needs are assessed based on the anticipated work mainly to be performed through fiscal 2019, utilizing the 2011 Bond Fund first, then Renewal and Extension Fund, until such time as new money financing is needed. The proposed reallocation totals $60,473,381.70 (details attached). After the proposed reallocation, the 2011 Bond Fund will be used to fund the Consent Decree PASARP packages (CIP#44), the City of Atlanta Capital Improvements Projects (CIP #49), Asbestos Cement Waterlines (CIP #82), the Consent Decree/CIP Program Management contracts (CIP # 22) and other critical projects currently in the planning or construction phases.

FISCAL IMPACT:

Reallocation of $60,473,381.70 of previously approved project budgets between funding sources, specifically the 2011 Bond Fund and the Renewal & Extension Fund, resulting in a net budget impact of zero dollars.

RECOMMENDATION:

Recommended Action

Approve the reallocation of $60,473,381.70 of previously approved project budgets between funding sources, specifically the 2011 Bond Fund and Renewal & Extension Fund as detailed on the attached schedule.