(9)(b)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 03/06/2019
- Title:
- Amend fiscal year 2018-2019 budget
- Submitted For:
- Laura Boyd
- Submitted By:
- Laura Boyd, Finance
- Department:
- Finance
Information
ACTION REQUEST (Brief Summary)
Consider and take action on Ordinance No. 19-06, amending the City's fiscal year 2018-2019 budget to appropriate funds for water meter replacement project phase 1. (Finance)
BACKGROUND
Accurate Meter Supply, LLC has submitted a quote for replacing meters 3 inches and larger and meters accessed via alleys. The current meters will be replaced with Badger Meter, Inc.'s Beacon AMA meters, also known as "smart meters".
The cost will be approximately $1,732,235.00.
Specific services to be provided are referenced in Resolution 19-018. A budget amendment to the Utilities Fund, Water Distribution Department is required.
ANALYSIS
Budget Amendment:
Utilities Fund (Fund 501) Water Distribution Dept. (Dept. 705):
Water Distribution Improvements $1,732,235.00
Restricted for capital asset investment ($1,732,235.00)
Utilities Fund (Fund 501) Water Distribution Dept. (Dept. 705):
Water Distribution Improvements $1,732,235.00
Restricted for capital asset investment ($1,732,235.00)