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BAWA Resolution No. 2018-13RESOLUTION NO. 2018-13 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AUTHORITY AMENDING THE BAYTOWN AREA WATER AUTHORITY'S FISCAL YEAR 2017-2018 CAPITAL IMPROVEMENT FUND BUDGET IN ORDER TO INCREASE THE BUDGET FOR THE BAWA EAST PLANT BY REPROGRAMMING TWO MILLION FIVE HUNDRED THOUSAND AND NO/ 100 DOLLARS ($2,500,000.00) FROM FUND BALANCE TO SUCH PROJECT; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. ****************************************************************************** BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN AREA WATER AUTHORITY: Section 1: That the Board of Directors of the Baytown Area Water Authority hereby amends the Baytown Area Water Authority's Fiscal Year 2017-2018 Capital Improvement Fund Budget in order to increase the budget for the BAWA East Plant by reprogramming TWO MILLION FIVE HUNDRED THOUSAND AND N0/100 DOLLARS ($2,500,000.00) from Fund Balance to such project, as more particularly described in Exhibit "A," which is attached hereto and incorporated herein for all intents and purposes. Section 2: This resolution shall take effect immediately from and after its passage by the Board of Directors of the Baytown Area Water Authority. INTRODUCED, READ and PASSED, by the affirmative vote of the Board of Directors of the Baytown Area Water Authority this the 18th day of April, 2018. ATT ST: LETICIA BRYSCH, A Qant Secretary APPROVED AS TO FORM: D W?qACIO RAMIREZ, SR.,94eral Counsel I\cobfs011egailKarenlFilesIBAWA1Resolution\2018�Apri1 BudgetAmendment.doc RENDA BRADLEY SMITH, President Exhibit "A" BUDGET AMENDMENT FISCAL YEAR 10/1/17 thru 9/30/18 DATE: 4/18/2018 Period 7 FUND 518-BAWA CIPF FUND DIVISION 51804 Include in End of Year Budget Amendment CONTROL NUMBER Transfers Out - Journal Entry TRANSFER FROM: CURRENT ADJUSTED DIVISION ACCOUNT ACCOUNT BUDGET AVAILABLE TRANSFER BUDGET NUMBER NUMBER NAME AMOUNT BALANCE AMOUNT AMOUNT 51804 Fund Balance 3,246,778.00 3,246,778.00 (2,500,000.00) 746,778.00 TRANSFER TO: 51804 BAWA East Plant 438,890.00 - 2,500,000.00 2,938,890.00 EXPLANATION: NOTE: ALL Budget Transfers must provide the following explanations. 1. Explain why there will be savings in the account transferring "From." 2. Explain the reason for the transfer. This budget amendment is to consider amending the FY2017-2018 Baytown Area Water Authority(BAWA) Capital Improvement Fund Budget in order to increase the budget for the BAWA East Plant. This increase is to reprogram $2,500,00 in Fund Balance to the BAWA East Plant Project for costs associated with (i) the Cost -Share Agreement with TGS Cedar Port Partners, L.P., for the roadway and (ii) the Purchase and Sale Agreement for Mitigation Credits with Gin City Restoration, LLC, and Mitigation Solutions USA LLC. Requested y: ate erector o mance ate Audited y: ate City Manager/Deputy City Manager/Asst. City Manager ate (If applicable) Entered y: ate