HomeMy WebLinkAbout283-23 RESOLUTION113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 283-23
File Number: 2023-1465
PURCHASED WATER ACCOUNT (BUDGET ADJUSTMENT):
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $550,000.00 FOR THE
PURCHASED WATER ACCOUNT DUE TO INCREASED WATER USAGE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment, a copy of
which is attached to this Resolution, in the amount of $550,000.00 for the purchased water account due to increased
water usage.
PASSED and APPROVED on December 19, 2023
Approved
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Attest:
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CITY OF
FAYETTEVILLE
ARKANSAS
MEETING OF DECEMBER 19, 2023
CITY COUNCIL MEMO
2023-1465
TO: Mayor Jordan and City Council
THRU: Paul Becker, Chief Financial Officer
FROM: Kevin Springer, Budget Director
DATE:
SUBJECT: Approval of a budget adjustment for purchased water due to increased water usage
RECOMMENDATION:
Approval of a budget adjustment for purchased water due to increased water usage
BACKGROUND:
At the beginning of each budget cycle, the Utilities Department calculates the amount of money needed to
purchase water from Beaver Water District for the entire year. This is accomplished by looking into the water
usage history of the City in the previous year or years and making some changes based on growth, climate
and non -revenue water loss.
DISCUSSION:
Water purchased at the end of November 2023 is up by 8.8% compared to water purchased at the end of
November 2022. This increase in water usage is due to several factors, but most notably is due to increases
seen in customer water usage and water loss due to leaks.
BUDGET/STAFF IMPACT:
The $550,000 requested for Water Purchases will come from Water and Sewer fund balance.
ATTACHMENTS: SRF (#3), BA (#4)
Mailing address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701
_= City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
(479)575-8323
- Legislation Text
File #: 2023-1465
Approval of a budget adjustment for purchased water due to increased water usage
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $550,000.00
FOR THE PURCHASED WATER ACCOUNT DUE TO INCREASED WATER USAGE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section 1: That the City Council of the City of Fayetteville, Arkansas hereby approves a budget
adjustment, a copy of which is attached to this Resolution, in the amount of $550,000.00 for the
purchased water account due to increased water usage.
Page 1
Kevin Springer
Submitted By
City of Fayetteville Staff Review Form
2023-1465
Item ID
12/19/2023
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
12/1/2023 BUDGET & INFORMATION MGMT (133)
Submitted Date Division / Department
Action Recommendation:
Staff recommends approval of a budget adjustment in the amount of $550,000.00 in the Purchased Water account
due to increased water usage, which is purchased from Beaver Water District.
5400.720.3800-5312.00
Account Number
Project Number
Budgeted Item? Yes
Does item have a direct cost? No
Is a Budget Adjustment attached? Yes
Purchase Order Number:
Change Order Number:
Original Contract Number:
Comments:
Budget Impact:
Total Amended Budget
Expenses (Actual+Encum)
Available Budget
Item Cost
Budget Adjustment
Remaining Budget
Water & Sewer
Fund
Project Title
$ 11,616,239.00
$ 10,966,251.04
649,987,96
$ 550,000.00
1,199,987.96
Previous Ordinance or Resolution #
Approval Date:
V20221130
City of Fayetteville, Arkansas - Budget Adjustment (Agenda)
Budget Year Division Adjustment Number
BUDGET &INFORMATION MGMT (133)
/Org2
2023
Requestor: Kevin Springer
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION:
Staff recommends approval of a budget adjustment in the amount of $550,000.00 in the Purchased Water account due to
increased water usage, which is purchased from Beaver Water District.
COUNCIL DATE: 12/19/2023
ITEM ID#: 2023-1465
Holly Black
121112023 3:09 Pln
RESOLUTION/ORDINANCE
Budget Division Date
TYPE: D - (City Council)
JOURNAL#:
GLDATE:
CHKD/POSTED:
TOTAL
Account Number
550,000 550,000
Increase / (Decrease)
Expense Revenue
Project.Sub#
Project Sub.Detl AT
v.20231113
Account Name
5400.720.3800-5312.00
550,000 -
EX
Purchased Water
5400.720.4000-4999.99
- 550,000
RE
Use Fund Balance - Current
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