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Home My WebLink About140-24 RESOLUTIONFile Number: 2024-63 113 West Mountain Street Fayetteville , AR 72701 (479) 575-8323 Resolution: 140-24 WATER & SEWER STREET CUTS (BUDGET ADJUSTMENT): A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT TRANSFERRING ADDITIONAL FUNDS INTO THE WATER & SEWER OPERATIONS BUDGET TO COVER THE COSTS OF STREET CUTS FOR THE REMAINDER OF 2024 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section I : That the City Council of the City of Fayetteville, Arkansas hereby approves a budget adjustment , a copy of which is attached to this re so lution , transferring funds in the amount of$ I 00 ,000 .00 into the Water & Sewer operations budget to cover costs of street cuts for the remainder of 2024 . PASSED and APPROVED on May 21 , 2024 Page 1 Mailing address: 113 W. Mountain Street Fayetteville, AR 72701 www.fayetteville-ar.gov CITY COUNCIL MEMO 2024-63 MEETING OF MAY 21, 2024 TO: Mayor Jordan and City Council THRU: Susan Norton, Chief of Staff FROM: Tim Nyander, Utilities Director SUBJECT: Budget Adjustment - Water & Sewer Street Cuts RECOMMENDATION: Staff recommends approval of a budget adjustment to move additional funds into the Water & Sewer operations budget to cover the costs of street cuts for the remainder of 2024. BACKGROUND: In 2024, the Water & Sewer Department has expensed almost $30,000 for street cuts/repairs. These street repairs are performed after water and sewer line repairs require the street to be cut to access the lines for repair. These expenses come out of the operations accounts for contract services - street cuts (Water, Sewer, and Taps). Water & Sewer has already moved $25,000 from Minor Equipment. We still have to pay for several street cuts in Green Acres and other street cuts that will be billed from Transportation that have not yet been entered. DISCUSSION: It is estimated that our department will need an additional $100,000 to cover the remaining costs for street cuts/repairs in 2024. Staff recommends a budget adjustment to move funds from our capital budget to our operations budget to cover these costs for the remainder of the year. BUDGET/STAFF IMPACT: Funds will be moved from the Lake Sequoyah Sediment Removal account, WWTP Water Quality Improvements account, and the Phosphorus Standards Management account to the Contract Services Street Cuts account to cover the costs of street cuts for the remainder of the year. ATTACHMENTS: SRF (#3), BA (#4) Page 1 City of Fayetteville, Arkansas Legislation Text 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 File #: 2024-63 Budget Adjustment - Water & Sewer Street Cuts A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT TRANSFERRING ADDITIONAL FUNDS INTO THE WATER & SEWER OPERATIONS BUDGET TO COVER THE COSTS OF STREET CUTS FOR THE REMAINDER OF 2024 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, transferring funds in the amount of $100,000.00 into the Water & Sewer operations budget to cover costs of street cuts for the remainder of 2024. City of Fayetteville Staff Review Form 2024-63 Item ID 5/21/2024 City Council Meeting Date - Agenda Item Only N/A for Non-Agenda Item Tim Nyander 4/25/2024 WATER SEWER (720) Submitted By Submitted Date Division / Department Action Recommendation: Staff recommends approval of a budget adjustment to move additional funds into the Water & Sewer operations budget to cover the costs of street cuts and repairs for the remainder of 2024. Budget Impact: 5400.720.4310-5315.03 Water & Sewer Account Number Fund N/A N/A Project Number Project Title Budgeted Item?Yes Total Amended Budget $48,000.00 Expenses (Actual+Encum)$29,407.00 Available Budget $18,593.00 Does item have a direct cost?No Item Cost $- Is a Budget Adjustment attached?Yes Budget Adjustment $100,000.00 $32.00 Remaining Budget $118,593.00 V20221130 Purchase Order Number:Previous Ordinance or Resolution # Change Order Number:Approval Date: Original Contract Number: Comments: City of Fayetteville, Arkansas - Budget Adjustment (Agenda) Budget Year Division /Org2 WATER SEWER (720) Adjustment Number 2024 Requestor:Cheryl Partain BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: A budget adjustment is needed to move budgeted funds from Water/Sewer capital projects to the Water/Sewer operational budget to cover the costs of street cuts and repairs for the remainder of 2024. Additional costs for 2024 is due to getting caught up on street cuts needed and due to growth of the City. Budgeted funds being moved are from capital sub-projects being closed and utilizing the cost savings from the completed projects. COUNCIL DATE:5/21/2024 ITEM ID#:2024-63 Holly Black 4/29/2024 8:54 AM Budget Division Date TYPE:D - (City Council) JOURNAL #: GLDATE: RESOLUTION/ORDINANCE CHKD/POSTED:/ v.2024422TOTAL-- Increase / (Decrease)Project.Sub# Account Number Expense Revenue Project Sub.Detl AT Account NameGLACCOUNTEXPENSEREVENUEPROJECTSUBATDESCRIPTION X 5400.720.4310-5315.03 100,000 -EX Contract Services - Street Cuts 5400.720.5600-5808.00 (35,000)-17004 1 EX Improvements - Water Line 5400.730.5800-5818.00 (35,000)-13018 1 EX Wastewater Treatment Plant - Improvements 5400.730.5800-5801.00 (30,000)-10027 1001 EX Fixed Assets -- -- -- -- -- -- -- -- -- -- -- 1 of 1