Title
Consideration of and action on an ordinance to amend the Fiscal Year 2024-2025 Water & Sewer Fund Budget for the Water Treatment Plant to Rehabilitate Two Clarifiers.
Body
Summary:
The Surface Water Treatment Plant has 4 clarifiers, two of which were built in 1988 and rehabilitated around 2013. Clarifiers 3 and 4 were built in the 2004 expansion of the plant and have only had minor repairs made. The FY 2023-2024 budget included funding to rehabilitate clarifiers 3 and 4. Due to a shift in the project completion timeline, some of the rehabilitation work was completed in October of FY 2024-2025. Since the project was expected to be completed prior to September 30th, funds were not rebudgeted in FY 2024-2025; therefore, a budget amendment is necessary to fully fund the project in the current fiscal year.
The additional appropriation needed is $383,606.00 and would be funded by the unassigned fund balance of the Water & Sewer Fund.
Fiscal/Budgetary Impact:
Add $383,606.00 to the Fiscal Year 2024-2025 Water & Sewer Fund Budget for the Water Treatment Plant (Account No. 400-503-49030, Improvements Other Than Buildings) to be funded by the unassigned fund balance in the Water & Sewer Fund, which is available for this purpose.
Recommended action
Approve the ordinance to amend the FY 2024-2025 Water & Sewer Fund Budget for the Water Treatment Plant.