Cypress
City Council
Agenda Item 4
4. Approve a Funding Reallocation for FY 2023-24 Capital Project Expenditures\nPrepared by: Doug Dancs, Director of Public Works\nRecommendation:\n1. Approve a $650,000 funding transfer from the Road Maintenance and Rehabilitation\nAccount (RMRA) Gas Tax Fund to the City Capital Projects Fund in FY 2023-24 for use on\nthe Concrete Rehabilitation project rather than the Residential Street Resurfacing project;\nand\n2. Approve the funding transfer of $650,000 from the Infrastructure Reserve Bank\n($450,000) and the General Fund ($200,000) to the City Capital Project fund in FY 2023-24\nfor use on the Residential Street Resurfacing project rather than the Concrete\nRehabilitation project.