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File #: 3020-2019    Version: 1
Type: Ordinance Status: Passed
File created: 11/11/2019 In control: Public Utilities Committee
On agenda: 11/25/2019 Final action: 11/27/2019
Title: To authorize the City Auditor to transfer $1,100,000.00 between Object Classes within the Sanitary Sewer Operating Fund Budget to allow for the payment of internal bills and charges associated with the division's service contracts and to declare an emergency. ($1,100,000.00).
Attachments: 1. 3020-2019 Financial Coding
Explanation

The purpose of this legislation is to authorize the City Auditor to transfer funds within the Sanitary Sewer Operating Fund to allow for the payment of internal bills and charges associated with the division's service contracts. The division's internal bills are trending higher than anticipated at the time of 2019 budget submission. In particular, the quarterly bill for CUBS services has increased above budget estimates. Furthermore, an unbudgeted contract was shifted to the operating fund from the capital budget.

FISCAL IMPACT: There is sufficient budget authority available in the 2019 Sanitary Sewer Operating Fund’s Budget to fund the transfer, which totals $1,100,000.00.

EMERGENCY DESIGNATION: This ordinance is being submitted as an emergency in order to align budget authority with projected expenditures to provide for the timely payment of internal bills.

Title

To authorize the City Auditor to transfer $1,100,000.00 between Object Classes within the Sanitary Sewer Operating Fund Budget to allow for the payment of internal bills and charges associated with the division's service contracts and to declare an emergency. ($1,100,000.00).

Body

WHEREAS, the Division of Sewerage and Drainage's internal bills are trending much higher than was anticipated at the time of budget submission, particularly the bill for CUBS services; and

WHEREAS, an unbudgeted contract was shifted to the Sanitary Sewer Operating Fund from the capital budget; and

WHEREAS, the Stormwater Division has a need to transfer $1,100,000.00 between Object Classes within the 2019 Sanitary Sewer Operating Fund’s Budget. Funds for the transfer have been identified and are available in Object Class 07 (Debt Interest); and

WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities, Division of Sewerage and Drainage, in that it is immediately necessary to transfer appropriation between Object Classes within the Sanitary Sewer Operating...

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