Council approved the 2017 Operating and Capital Budget at the April Council Meeting based on the information Administration had available at the time. Since the budget was approved, the County has been approved for three grants under the Strategic Transportation Infrastructure Program (STIP) which were not included in the budget. Additionally, Council has made resolutions regarding the purchase of some capital and special projects that was not included in the original approved budget. Finally, Administration has noted some errors in the originally budgeted items and recognize that the challenging spring weather will affect our ability to complete our road construction projects, therefore we are proposing to update those items with this budget amendment. It is important to note that these increases to the budget will be funded by either the Reserve for Future Expenditures with a current balance of $1,770,000 (based on current budget approval) or the Unrestricted Surplus of $6,294,194.
Administration has attached a summary of the budget changes per project for council's consideration.
Administration has also attached a summary of expected increase costs of gaveling vs. potential decreases in oiling to help address current road conditions as discussed at the Public Works Meeting June 25, 2017. Council will need to determine if this proposal is acceptable, or if they wish to utilize fund from Unrestricted Reserves to address these road conditions.
Once Council approves the amended budget, Administration will make the necessary changes to the Budget document on the County Webpage.