Budget Ordinance Amendment 2nd Reading - Finance: Consider Budget Ordinance No. 2021-O0071, Amendment 31, amending the FY 2020-21 Budget for municipal purposes respecting the Water/Wastewater Operating and Capital Funds to appropriate additional funding for Capital Improvement Project (CIP) 92455 Water Meter Replacements.
Item Summary
On June 8, 2021, the City Council approved the first reading of the ordinance.
Amend the FY 2020-21 Water/Wastewater Operating Budget by increasing the Transfer to Water Capital by $510,000 from $5,340,000 to $5,850,000. The funding will be cash from Water/Wastewater Fund Balance.
Amend CIP 92455, Water Meter Replacements, and increase the appropriation and funding by $510,000 from $2,180,000 to $2,690,000. The additional funding will come from the Water/Wastewater Fund Balance.
Fiscal Impact
Included in Item Summary
Staff/Board Recommending
D. Blu Kostelich, Chief Financial Officer Cheryl Brock, Director of Financial Planning & Analysis