SUBJECT
title
Authorizing the City Manager to amend the FY 24-25 Water Availability Fund’s budget by approving a draw down from fund balance and appropriating expenses in the amount of $3,137,164.00 to cover the Goodwill Rebate and Small Business Assistance program related to the October 2024 water boil notice incident.
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PREVIOUS COUNCIL ACTION
On September 16, 2024 City Council adopted the Fiscal Year 2024-2025 Annual Budget.
On November 18, 2024 City Council approved the Introductory Ordinance.
BACKGROUND
The City entered into a Boil Water in October 2024 for 12 days. City Council approved a Goodwill Rebate that will be applied to customers utility bills as well as assisting businesses with a Small Business Assistance Program for businesses affected by the Boil Water.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
To approve Introductory Ordinance
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Fiscal Impact
Fiscal Year: FY 25
Budgeted Y/N?: Y
Source of Funds: Water Availability
Account #: 557-4180-534-7301
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
|
Water Availability Fund |
Account Number |
Annual Budget FY 2024-2025 |
Proposed Amendment |
Amended Budget FY 2024-2025 |
|
Opening Balance |
|
$ 11,068,016 |
$(3,137,164) |
$ 7,930,852 |
|
Contributions |
557-4180-534-7301 |
$ - |
$ 3,137,164 |
$ 3,137,164 |