Agenda

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City Council Regular Meeting

Meeting Date:

04/16/2024

BACKGROUND

SSLGC Staff is recommending a transfer of $700,000 from Operating fund to Repair/Replacement fund; $355,000 for future repair and replacement project expenditures, $35,000 for the design phase of the Nockenut Erosion Mitigation Project, $60,000 for replacement of the booster pump station valve and vault, and $250,000 for pump and motors repairs and replacement.

SSLGC Staff is recommending a transfer of $60,000 from Retained Earnings to Impact Fee/CIP Update to increase appropriation due to higher cost than budgeted and a transfer of $135,000 from Retained Earnings to appropriate funds for a Water Supply Plan study.

SSLGC Staff is recommending a transfer to appropriate bond funds received from the FY2024 Improvement Bonds; $2,000,000 for the Gonzales Wells, $1,000,000 for the Rehabilitate Pressure Filter Vessel, $1,100,000 for the Condition Assessment of Original Pipeline, $300,000 for the Nockenut Erosion Mitigation Project and $455,433 for the Cowey/Elm Creek Pipeline Project.

The SSLGC Board approved this action at their regularly scheduled board meeting on March 21, 2024.

GOAL

Approve the SSLGC FY2023-2024 Midyear Budget Amendment.

COMMUNITY BENEFIT

The City of Schertz is a member of the SSLGC. It is through the SSLGC that the City provides water to its citizens. Approval of the budget amendment will ensure that the citizens of Schertz will continue to receive this vital resource and service.

SUMMARY OF RECOMMENDED ACTION

Staff recommends approval of the Resolution for the Midyear Budget Amendment to the FY2023-2024 Annual Budget.

FISCAL IMPACT

This budget amendment is based on reallocated SSLGC funds.

RECOMMENDATION

Approval of Resolution 24-R-44.

Attachments
Resolution 24-R-44 with attachment