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Approval of budget adjustment to transfer funds from the Canopy Tree Trust Fund Revenue Account to a CIP project to replace lost trees due to previous storm damage.
(Fiscal Impact: $75,000)
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(Staff Contact: Robert McCaughan)
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Summary Explanation/Background:
The attached list summarizes the 1,182 trees lost citywide due to previous storm damage. The trees will be replaced over a 4-year period spending approximately $75,000 per year to complete. The Canopy Tree Trust Account will fund the cost of these trees and a budget adjustment is necessary to move funding from revenue account to a Capital Improvement Project (CIP) account.
Origin of request for this action: Staff
Fiscal impact and source of funding: $75,000 from the Canopy Tree Trust Fund with the attached budget adjustment.
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