Explanation
1. BACKGROUND
This ordinance authorizes the Director of Finance and Management to amend the 2024 Capital Improvement Budget of the Department of Public Utilities for transfers that occurred during the transition from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget. This ordinance also authorizes budget amendments, transfers of cash and appropriation, and appropriation and appropriation reductions related to consolidation of small balances existing within capital funds of the Department of Public Utilities.
2. FISCAL IMPACT
This ordinance does not authorize an expenditure. Budget amendments will be made to reflect cancellations and deposits processed and ordinances approved by Council for the Department of Public Utilities during the transition from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget. Budget amendments and transfers of cash and appropriation will also be made to consolidate small balances existing within capital funds of the Department of Public Utilities.
Title
To authorize the Director of the Department of Finance and Management to amend the 2024 Capital Improvement Budget to reflect budget transactions that occurred during the transition from the 2023 Capital Improvement Budget to the 2024 Capital Improvement Budget as well as to consolidate small balances within capital funds; to authorize the transfer of cash and appropriation within the Water G.O. Bond Fund, Fund 6006, the Water Permanent Improvement Non-Bond Fund, Fund 6008, the Sanitary G.O. Bond Fund, Fund 6109, the Sanitary Sewer Permanent Improvement Non-Bond Fund, Fund 6115, the Storm Sewer Bond Fund, Fund 6204, the Electricity G.O. Bond Fund, Fund 6303, and the Electricity Permanent Improvement Non-Bond Fund, Fund 6310; and to authorize the appropriation of cash and reductions in appropriation within the Water G.O. Bond Fund, Fund 6006, the Sanitary G.O. Bond Fund, Fund 6109, and the Sanitary Sewer Permanent Improve...
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