Sec. 748.406. - Increases and decreases in project costs; limitation.

Increases and decreases in the estimated cost of a project shall be treated as follows: (a) An increase in the actual or estimated cost of a project which is: (1) Under the obligation authority for the project contained in the road program and more than the disbursements displayed on the cash flow schedule shall be approved by the City Highway Engineer, the City Engineer and the Director of Finance and Administration in addition to other approvals required elsewhere in the Ordinance Code or in the rules of the Procurement Division. When so approved, the increased project cost shall be reflected in the cash flow schedule by means of an amendment thereof. If, at any time during the fiscal year, increases in project costs increase the total actual and estimated expenditures for the fiscal year for all construction projects on the road program above the total obligation authority for all of the projects of the current fiscal year, the City Highway Engineer shall remove projects from the cash flow schedule and delay or carry them over to a later time in the current fiscal year or to the next fiscal year until the total actual and estimated expenditures for the current fiscal year for the remaining construction projects are reduced to or below the total obligation authority for the current fiscal year. Removals pursuant to the preceding sentence shall be reflected in the next proposed road program. (2) Over the obligation authority for the project contained in the road program shall require the approval of the Council by means of an increase in the obligation authority for the project. If an increase is approved for the current fiscal year, the cash flow schedule shall be changed as provided in Section 748.207 . (b) A decrease in the actual or estimated cost of a project below the obligation authority for the project contained in the road program: (1) If the project is planned to progress in phases and the decrease is in one phase, shall not affect the obligation authority and the remaining balance thereof shall be available to other phases not yet completed or begun to offset increases that may occur in those phases. If the decrease occurs in the final phase and the preceding phases are all completed, the obligation authority for that project shall be considered to be terminated and withdrawn for further use in connection with that project. Adjustments of estimated costs for the phases of a project shall be made by amendments of the cash flow schedule. (2) If the project is to be completed without phases, shall be treated as if the project cannot be undertaken to the extent of the decrease and the obligation authority for the project shall be considered to be terminated and withdrawn for further use in connection with that project. Another project or projects may be added to the cash flow schedule as provided in Section 748.207 (b)(1) or the obligation authority may be transferred to another project to offset an increase as described in subsection (a) of this Section. (Ord. 78-329-131, § 1; Ord. 78-744-361, § 11; Ord. 83-591-400, § 1; Ord. 2016-140-E , § 16) Editor's note— Ordinance 2007-839-E, § 18, authorized updated department/division names pursuant to reorganization. Note— Former § 620.406.