Explanation
BACKGROUND: This legislation authorizes the City Auditor to allow the Division of Power and Water's (Power) capital bonds fund to reimburse the operating fund, for labor and equipment costs incurred in the installation of various street lighting projects from June 12, 2009 through October 31, 2009.
FISCAL IMPACT: There is sufficient cash in the 2009 Capital Improvements Budget to contract for this project. However, an amendment to the 2009 Capital Improvements Budget is necessary to establish sufficient authority.
EMERGENCY DESIGNATION: The Department of Public Utilities is requesting City Council to consider this legislation an emergency measure, so that there will be sufficient cash to pay operating expenses through the end of the year.
Title
To authorize the City Auditor to allow the Division of Power and Water's capital bond fund to reimburse the operating fund in the amount of $103,086.97 for labor and equipment costs incurred in the installation of various street lighting; to amend the 2009 Capital Improvement Budget; and to declare an emergency. ($103,086.97)
Body
WHEREAS, it is necessary to reimburse the Division of Power and Water (Power) for labor and equipment incurred in the installation of various street lighting projects; and
WHEREAS, the costs from the operating fund are reimbursed through the capital bonds fund; and
WHEREAS, it is necessary to authorize an amendment to the 2009 Capital Improvements Budget for purposes of providing sufficient expenditure authority for the aforementioned reimbursement; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds from the Voted Street Lighting and Electricity Distribution Improvement Fund to the Power Operating Fund; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities, Division of Power and Water in that it is necessary to reimburse the Power operating fund in an e...
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