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HomeMy WebLinkAboutPO 6473: AMENDMENT OF THE BUDGET j City of .-- „0„"'. ort irthur Texas INTEROFFICE MEMORANDUM Finance Department Date: June 17, 2015 To: Brian McDougal, City Manager From: Deborah Echols, Director of Finance b/e--' Re: P.O. 6473 - An Ordinance Amending the Budget to fund the installation of two (2) 24 inch EZ2 valves. Staff Analysis, Consideration: Presented for City Council consideration and approval is Proposed Ordinance 6473 amending the City's 2014-2015 Water and Sewer fund budget by $220,500 to fund the cost of installing two (2) 24 inch EZ2 valves in the Water and Sewer fund approved by you. Budget Consideration: This budget amendment is necessary because the water valves that are in place will not close. The installation of these insert-a-valves will give us the ability to isolate the water line that runs through the center of the pump room inside the abandoned Water Plant. This will also aid in the demolition of the old Water Plant as well. $100,000 is for the purchase of the EZ2 valves. $120,500 is needed for the contractor to dig up the line in two areas, and tap the 24 inch line for the coupons. The contractor will also disconnect the two lines feeding the old water plant. The purchase amount was not funded in the original budget ordinance no. 14-37. It will increase the budgeted deficit to ($3,996,926). Deficits in the Water and Sewer Fund are supplemented by the General Fund. s:\finance\ordinances\budget amendments 14-15\6473 water and sewer additional funds.docx P. O. NO 6473 JNP 06.19.15 ORDINANCE NO. AN APPROPRIATION ORDINANCE AMENDING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2014 AND ENDING SEPTEMBER 30, 2015 FOR THE WATER AND SEWER FUND BY $220,500 IN ORDER TO FUND OPERATING COSTS WHEREAS, in accordance with Article XII, Section 9, of the City Charter, the City Council may make emergency appropriations from time to time; and WHEREAS, the City Council may make budget amendments for emergencies under Section 102.009 and for Municipal purposes under Section 102.010 Local Government Code; WHEREAS, on September 22, 2014, the City Council approved and adopted Ordinance 14-37 which appropriated the 2014-2015 budget; and WHEREAS, on May 26,2015 City Council approved and adopted Ordinance 15-23 amending the Water and Sewer budget $114,000 to fund operating costs; and WHEREAS, $100,000 is required in the Water and Sewer Fund to fund the purchase of two (2) 24 inch EZ2 valves; and WHEREAS, an additional $120,500 is required in the Water and Sewer Fund for the preparation of the site for the installation of two (2) 24 inch EZ2 valves and the disconnection of two (2) lines feeding the old water plant. NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ARTHUR: Section 1. That the facts and opinions in the preamble are true and correct. Section 2. That the Water and Sewer Fund budget be increased $220,500 to fund the installation of Two (2) 24 inch EZ2 valves. Section 3. That Section 6 of Ordinance 14-37 be amended to read: That there be and is hereby appropriated the sum of Twenty-One Million, Sixty-Three Thousand, Twenty Six Dollars ($21,063,026) to the Water and Sewer Fund for the payment of the Operating Expenses, and necessary Capital Outlay for the Water and Sewer Department. Section 4. That a copy of the caption of this Ordinance be spread upon the minutes of the City Council. Section 5. That this Ordinance shall be effective immediately. READ, ADOPTED, AND APPROVED, this day of June , 2015, AD, at a Regular Meeting of the City Council of the City of Port Arthur, Texas by the following vote: Ayes: Mayor: Councilmembers: NOES Deloris Prince, Mayor ATTEST: Sherri Bellard, City Secretary APPROVED AS TO AVAILIBILITY OF APPROVED AS TO FORM: FUNDS: p6Uatttle-da- Deborah Echols, Director of Finance V ecia Tizen'tS, City ttorney APPROVAL FOR ADMINISTRATION: Brian McDougal, City Manager s:\finance\ordinances\budget amendments 14-15\6473 water and sewer additional funds.docx