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<br /> <br /> <br /> <br /> Form B-52 <br /> 7/18/91 <br /> <br /> DEPARTMENT OF FINANCE <br /> REQUEST FOR COUNCIL ACTION <br /> <br /> <br /> <br /> DEPARTMENT: Finance DATE: 6/5/08 <br /> <br /> STAFF CONTACT: Nancy Crawford PHONE: x8092 <br /> <br /> <br /> A. REQUEST: <br /> <br /> Request a transfer of funds in the amount of $571,936.43 to the CIP Fund for the Parks and Recreation <br /> project "Swimming Pool Renovations and Equipment Upgrades" (07-83/110.599.5599.83.115). Funds are <br /> needed to encumber a pending contract with $900,000 of committed State CIP funds prior to the <br /> appropriation's lapse date of 6/30/08. <br /> <br /> Due to the urgency of having funds available to encumber prior to June 30th, we request a waiver from <br /> Finance Committee to have the resolution heard at the June 18th Council meeting. <br /> <br /> <br /> B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): <br /> <br /> The Parks & Recreation Department is ready to encumber the requested $571,936.43 in addition to <br /> $900,000 in State CIP funds and $420,353.57 in allotted County CIP funds in a consturction contract for the <br /> Laupahoehoe Swimming Pool Repairs and Accessibilty Improvements. Transferring from the General Fund <br /> will allow us to take advantage of the State funds, which will otherwise lapse at June 30, 2008 and be lost to <br /> the County. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> SIGNED: De . DATE: <br /> partent Heat <br />