HomeMy WebLinkAbout036-95RESOLUTION NO. 36-95
APPROVING THE APPROPRIATION OF AN ADDITIONAL $400,020.00 TO THE
BUILDING DIVISION BUDGET
WHEREAS, the amended budget for the Building Division (inclusive of overhead costs)
is $1,078,988; and
WHEREAS, work load level changes affecting the Building Division, in the form of
residential tract development, have substantially increased since the adoption of the 1994-
95 budget; and
WHEREAS, it is projected that 2,262.50 hours of consultant inspection service will be
necessary for the remainder of the 1994-95 fiscal year, with a corresponding increase in
plan check activities and related costs; and
WHEREAS, as a result of the increased permitting activity, staff is projecting a need to
increase the Building Division budget by $272,542 to cover expenditures for contract plan
check services, contract inspection services and employee expenses for the balance of the
current fiscal year.
WHEREAS, overhead costs applied to additional appropriation needs, plus the overhead
costs applied to the October, 1994 appropriation increase to the Building Division budget,
totals $127,478, bringing the total additional appropriation requested to provide services
through the end of the 1994-95 fiscal year to $400,020; and
WHEREAS, this increases the total Building Division budget from $1,078,988 to
$1,479,008 for fiscal year 1994-95; and
WHEREAS, the increased construction activity will result in an increase in the Building
Special Revenue will be received during the 1994-95 fiscal year (it is estimated that the
revenue collected will be $1,316,802 - reflecting a 40% increase from the original estimate
if $940,430); now, therefore, be it
RESOLVED that the Town Council of the Town of Danville hereby increases the
appropriation from the Building Special Revenue Fund by $400,020 to cover projected
additional expenditures for contract plan review services, contract inspection services,
employee expenses in the Building Division and to make a corresponding transfer to
cover associated overhead costs; and be it further
PAGE NO. 1 OF RESOLUTION NO. 36-95
RESOLVED that the appropriation increases the budget for the Building Division
(inclusive of administrative overhead expenses) from $1,078,988 to $1,479,008 will
necessitate a net draw-down of $162,206 from the 1993-94 year-end Building Special
Revenue Fund to cover expenditures projected for the 1994-95 fiscal year.
APPROVED by the Danville Town Council at a regular meeting on February 21, 1995, by
the following vote:
AYES: Greenberg, Doyle,
NOES: None
ABSTAIN: None
ABSENT: None
Ritchey, Shimansky, Waldo
MAYOR
ATTEST:
CITY ATTORNEY
APPROVED AS TO FORM:
CITY CLERK
PAGE NO. 2 OF RESOLUTION NO. 36-95