Agenda No. 5.
CITY COUNCIL MEMORANDUM
| City Council Meeting: | May 6, 2025 |
| Department: | Public Works |
| Subject: | Resolution 25-R-056 - A Resolution by the City Council of the City of Schertz, Texas authorizing the Schertz/Seguin Local Government Corporation (SSLGC) Budget Amendment for Fiscal Year 2024-2025 (B.James/L.Busch/N.Ferris) |
BACKGROUND
SSLGC Staff is recommending a transfer of $175,000 from Retained Earnings to the Gonzales WTP Lab/SCADA Area Expansion/Remodel project to appropriate funds; $175,000 from Retained Earnings to the Gonzales WTP Covered Storage area project to appropriate funds; $275,000 from Retained Earnings to the Hal Baldwin BPS A/C Units project to appropriate funds.
Also, a transfer of the following to appropriate funds to the various projects from the bond proceeds from the 2025 Revenue Bonds received in March: $2,600,000 to the Gonzales Wells project; $2,000,000 to the Rehab Pressure Filter project; $1,100,000 to the Condition Assessment of Original Pipeline project; $1,100,000 to the FM1103 TxDOT Project; $750,000 to the SCADA Integration project; $5,500,000 to the Guadalupe Wells 1 and 2 project; and $1,000,000 to the Train 2 Buildings Foundation project.
The SSLGC Board approved this action at their regularly scheduled board meeting on April 17, 2025.
Also, a transfer of the following to appropriate funds to the various projects from the bond proceeds from the 2025 Revenue Bonds received in March: $2,600,000 to the Gonzales Wells project; $2,000,000 to the Rehab Pressure Filter project; $1,100,000 to the Condition Assessment of Original Pipeline project; $1,100,000 to the FM1103 TxDOT Project; $750,000 to the SCADA Integration project; $5,500,000 to the Guadalupe Wells 1 and 2 project; and $1,000,000 to the Train 2 Buildings Foundation project.
The SSLGC Board approved this action at their regularly scheduled board meeting on April 17, 2025.
GOAL
Approve the SSLGC Mid-Year Budget Amendment to appropriate funds as listed above.
COMMUNITY BENEFIT
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.
SUMMARY OF RECOMMENDED ACTION
Staff recommends approval of the Resolution for the Budget Amendment to the FY 2024-25 Annual Budget.
FISCAL IMPACT
No fiscal impact. This budget amendment is based on the SSLGC revenue.
RECOMMENDATION
Staff recommends approval of Resolution 25-R-056.