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Award Construction Contract to Byrom-Davey Inc. <br />July 19, 2022 <br />Page 4 <br />2 <br />8 <br />3 <br />2 <br />With the approval of the following appropriation adjustments, the funds recognized will be <br />available for delivery of this project. <br />1. Recognize revenue received in prior years in the amount of $1,439,641 in the <br />Residential Development District 1 and District 4 ($869,224 and $570,417, <br />respectively), District Park Acquisition & Development Fees revenue accounts <br />(Nos. 31113002-53300 & 31413002-53300) and appropriating the same amount <br />into the Residential Development District 1 and District 4, Improvements Other <br />Than Building expenditure account (Nos. 31113260-66220 & 31413260-66220) for <br />FY 2022-23 capital operating expenses. <br />2. Recognize the grant revenue from the 2018 Parks Bond Act Per Capita Grant <br />Program in the amount of $177,952 in the PRCSA Capital Grants, State Grant- <br />Direct revenue account (No. 16113002-52025) and appropriate the same amount <br />into the 2018 Parks Bond Act-Per Capita, Improvements Other Than Building <br />expenditure account (No. 16113269-66220) for FY 2022-23 capital operating <br />expenses <br />After the appropriation adjustments, the following table summarizes the funds budgeted <br />and available for expenditure to deliver construction of this project. <br />Fiscal <br />Year <br />Accounting Unit <br />- Account No. <br />(Project No.) <br />Fund <br />Description <br />Accounting Unit - <br />Account No. <br />Description <br />Amount <br />Appropriation Adjustments <br />2022-23 31113260-66220 <br />(19-7527) <br />Acquisition <br />and <br />Development- <br />District 1 <br />Residential <br />Development District <br />1, Improvements <br />Other Than Building <br />$869,224.00 <br />2022-23 31413260-66220 <br />(19-7527) <br />Acquisition <br />and <br />Development- <br />District 4 <br />Residential <br />Development District <br />4, Improvements <br />Other Than Building <br />$570,417.00 <br />2022-23 16113269-66220 <br />(19-7527) <br />PRCSA- <br />Capital Grants <br />2018 Park Bonds <br />Act-Improvements <br />Other Than Building <br />$177,952.00 <br />Total $1,617,593.00 <br />Existing Project Budget <br />2022-23 31113260-66220 <br />(19-7527) <br />Acquisition <br />and <br />Development- <br />District 1 <br />Residential <br />Development District <br />1, Improvements <br />Other Than Building <br />$1,900,000.00 <br />  <br />  <br />City Council 5 – 9 12/5/2023