Title:
Title
Fiscal Year (FY) 2020/21 Adjustments to the Department of Utilities Operating, Capital Improvement Plan (CIP), and Multi Year Operating Project (MYOP) Budgets
End
FileID
File ID: 2020-01468
Location
Location: Citywide
End
Recommendation:
Recommendation
Adopt a Resolution authorizing the City Manager or City Manager's designee to 1) make allocation adjustments to the FY 2020/21 Operating, CIP, and MYOP Budgets in the Water, Wastewater, 2019 Wastewater Revenue Bonds and Storm Drainage funds; 2) authorizing the City Manager or City Manager's designee to replace Wastewater fund appropriations with 2019 Wastewater Revenue Bond fund appropriations to meet spending requirements and tax compliance of the bonds; and 3) resetting the City Manager's administrative budget authority.
FileName
Contact: Penny Buchman, Program Specialist (916) 808-1481; Jackie Rice, Supervising Financial Analyst (916) 808-1462; Chuong (Ryan) Pham, Business Services Manager (916) 808-8995; William Busath, Director (916) 808-1434, Department of Utilities
Body
Presenter: None.
Attachments:
1-Description Analysis
2-Attachment 1
3-Attachment 2
4-Resolution
5-Exhibit A - Allocation Adjustments
6-Exhibit B - Wastewater Projects
Description/Analysis
Issue Detail: As part of the Department of Utilities (DOU) ongoing management of its CIP and MYOPs, a periodic review is conducted, and financial resources are reallocated to provide improvements in a timely and efficient manner. The review also enables financial resources to be allocated based on priority as ranked in the DOU Capital Improvement Programming Guide. This process results in recommended budget adjustments to ensure progress continues on priority projects, including the establishment of projects.
In addition to the allocation of funding resources to various projects identified in Attachment 1, current wastewater funded project budgets may need to be replaced with the bond funds as the Wastewater Revenue Bond S...
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