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9.c) Staff Report-Quinnell (Fiscal Impact) Staff Report Date of Meeting: May 19, 2015 To: City Council From: Kristina Handt, Administrator Re: Quinnell Ave Background: City Engineer Goodman provided the background and other information on the Quinnell bid in a separate report. This just address the fiscal impact portion. Fiscal Impact: As of the end of April, the balance in the Local Road Improvement Fund was $328,137. Additional revenue of $545,500 is budgeted for this year. Lastly, the turnback money from the county when the township took over this road is $124,924.90. So a total of $998,561.90 is available for this project. With the change order, the project is expected to come in around $605,189.66.