Agenda

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City Council Regular Meeting

Meeting Date:

03/07/2023

BACKGROUND

SSLGC Staff is recommending a transfer to the Capital Outlay fund in the amount of $522,466 to appropriate funds for current projects; $186,713 of this will be used for the High Service Pumps Repair/Replacement fund and $335,753 of this will be used for the Wells Repair/Replacement fund.

SSLGC Staff is recommending a transfer to the Professional Services fund in the amount of $750,000 to appropriate funds to the Owner’s Representative Services Project that was approved by the board, but never included in the budget.

SSLGC Staff is recommending a transfer to the Cowey & Elm Creek Pipeline Projects in the amount of $2,034,000 to appropriate funds due to the Gonzales High Service Pump Room #1 being re-prioritized in the Capital Improvements Program.

SSLGC Staff is recommending a transfer to the Capital Outlay fund to appropriate bond proceeds received in FY22; $2,000,000 of this will be used for the Senate Bill 3 Emergency Preparedness and $2,500,000 will be used for Cowey & Elm Creek Pipeline Projects.

The SSLGC Board approved this action at their regularly scheduled board meeting on February 16, 2023.

GOAL

Approve the SSLGC Budget Amendment transferring $522,466 from the Retained Earnings Fund to the Capital Outlay fund; transferring $750,000 from the Retained Earnings Fund to the Professional Services Fund; transferring $2,034,000 from the Gonzales High Service Pump Room Project to the Cowey & Elm Creek Pipeline Projects; and transferring $4,500,000 from the Retained Earnings Fund to the Capital Outlay fund.

COMMUNITY BENEFIT

The City of Schertz is a member of the SSLGC. It is through the SSLGC that the City provides water to its residents. 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 Budget Amendment to the FY2022-2023 Annual Budget.

FISCAL IMPACT

This budget amendment is based on reallocated SSLGC funds.

RECOMMENDATION

Staff recommends approval of Resolution 23-R-21.

Attachments
Resolution 23-R-21
Exhibit A SSLGC R23-03 Budget Amendment