Annual Capital Closeout and Repurposing of Capital Project Funds
Summary
The City of Concord's Office of Management & Budget has submitted a report to the Mayor and City Council regarding the annual capital closeout and repurposing of capital project funds. The report reviews active capital projects from 2016 to 2025 and recommends rescinding and de-authorizing certain appropriations, returning funds to their original sources, and making available funds for use in the Fiscal Year 2027 Capital Improvement Program. A total of 71 subprojects were determined to be completed and can be closed, with 51 having remaining balances and 20 having no remaining balance. The report proposes the distribution of unspent funds to various projects, including Terrill Park, City Hall repairs, and water distribution system improvements.
Details
- Subject
- Annual Capital Closeout and Repurposing of Capital Project Funds
- Summary
- The City of Concord's Office of Management & Budget has submitted a report to the Mayor and City Council regarding the annual capital closeout and repurposing of capital project funds. The report reviews active capital projects from 2016 to 2025 and recommends rescinding and de-authorizing certain appropriations, returning funds to their original sources, and making available funds for use in the Fiscal Year 2027 Capital Improvement Program. A total of 71 subprojects were determined to be completed and can be closed, with 51 having remaining balances and 20 having no remaining balance. The report proposes the distribution of unspent funds to various projects, including Terrill Park, City Hall repairs, and water distribution system improvements.
- Report Date
- 2026-05-02
- Report Type
- annual
- Report Title
- Resolution for Annual Capital Closeout and Repurposing of Capital Project Funds
- Authoring Body
- Office of Management & Budget
- Reporting Period
- 2016-2025