Board of Directors THURS Meeting Agenda


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Meeting Date: 02/16/2017  

SUBJECT MATTER:
Receive, consider and act upon 2016 capital project carryovers and related 2017 budget amendment;
FISCAL IMPACT:
$0 net impact between 2016 and 2017 capital budgets
2016 capital budget carryover = $9,331,682
BACKGROUND:
Certain funds previously approved for the 2016 capital budget need to be carried over to the 2017 capital budget in order to complete the applicable projects.  The budget amendment does not impact the overall cash position of The Woodlands Township as it merely reflects the transfer of approved but unexpended funds from one budget year to the next. 
 
Please reference the attached worksheet for details regarding the requested carryovers.  In summary, they include:
 
  Parks and Recreation $ 4,283,565
  New Development Parks and Pathways      2,478,331
  Fire Department    1,175,809
  Information Technology       731,859
  Town Hall Facility/Other       381,270
  Park and Ride Facility Improvements       280,848
       Total Capital Carryovers $ 9,331,682
RECOMMENDATION:

Approve an amendment to the 2017 Budget in an amount equal to $9,331,682 to account for 2016 capital project carryovers as presented.

Attachments
2016 Capital Project Carryovers


    

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