SSLGC Staff is recommending a transfer to the Operating Fund in the amount of $1,705,000 to appropriate $255,000 to pay for the substantial increases in the price of chemicals SSLGC utilizes in the water treatment process and the remaining $1,450,000 will be transferred to the Repair/Replacement Fund to be utilized for repair and replacement project expenditures for pumps and wells and future repairs. From that $1,450,000, $750,000 will be held in reserve for future repair and replacement project expenditures, $200,000 will be utilized for major repairs and/or replacement to pumps, and $500,000 will be utilized for major repairs and/or replacement to wells.

The SSLGC Board approved this action at their regularly scheduled board meeting on April 20, 2023.

Approve the SSLGC Budget Amendment transferring $1,705,000 from the Retained Earnings Fund to the Operating Fund; and  transferring $1,450,000 from the Operating Fund to the Repair/Replacement Fund.

The City of Schertz is a member of the SSLGC. It is through the SSLGC that the City provides water to its citizens.  Approval of the budget amendment will ensure that the citizens of Schertz will continue to receive this vital resource and service. 
 

Staff recommends approval of the Resolution for the Budget Amendment to the FY2022-2023 Annual Budget.
 

This budget amendment is based on reallocated SSLGC funds.
 

Staff recommends approval of Resolution 23-R-39.