Sec. 122.607. - Progress and Closure of Capital Improvement Projects.

(a) On or before June 1 of each year, the Finance and Administration Department, shall provide to the City Council a progress report identifying the current status, any delays or issues that have arisen, and anticipated completion date for each Capital Improvement Project funded in the current Capital Improvement Plan Budget, and all previously funded projects including those funded in whole or in part by grants that have not been completed. Additionally such report shall include the cash transfer report showing all cash transferred from one approved project to another approved project. Such report shall be delivered to the Council Auditor and presented to the Finance Committee at its regular meeting. (b) On or before January 31 of each year, the Department of Finance and Administration, as well as all other Departments identified as the using or responsible entities with respect to any previously funded Capital Improvement Project, shall deliver to the Council Auditor, all City Council members, and present to the Finance Committee at its first regular meeting in February, a list of all Capital Improvement Projects completed within the preceding calendar year and ready for closure. The Finance Committee shall immediately thereafter introduce legislation closing all completed projects and directing that remaining funds, if any, be returned to account of origin or otherwise appropriated as determined by Council. (Ord. 2015-429-E , § 1; Ord. 2016-140-E , § 16)