Requested Agenda Date:
9/12/2023
Requested Agenda Title:
Title
Budget Adjustment: Facilities Services requests to increase their interfund revenues and pass-through expenditures by $1M. The increase was due to increased project costs due to inflation and outsourcing due to staff shortages.
Body
Requested Agenda Item Description: Requesting to increase pass-through expenditure and intra-fund revenue. Facilities Services have under-taken several large projects including critical security and safety upgrades this year that have resulted in increased project cost due to inflation. Staff shortage in the Carpentry trade team have led to outsourcing a lot of the work that necessitates booking project cost in the facilities budget and then passing it on to the customer resulting in revenue for the Facilities services. This request will increase our pass-through budget and will also increase our revenue to off-set the expenditure increase. We have included this increase in our 2024 budget to cover the higher costs we are seeing.
Requested Action: Discussion - Vote Needed
Presenter(s) (with titles): Hoa Nguyen, Council Budget and Policy Analyst
Time Needed: Less than 5 MINS
Is this Item Time-Sensitive and/or Requesting a Time-Certain? No
Requesting Staff Member: Megan Hillyard, Administrative Services, Department Director
Are Supporting Documents Needed for this Agenda Item Request? Yes