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HomeMy WebLinkAbout149-25 RESOLUTION113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 149-25 File Number: 2025-766 A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $300,000.00 FOR THE PURCHASE OF SMART WATER METERS FOR THE UTILITIES DEPARTMENT 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 in the amount of $300,000.00, a copy of which is attached to this Resolution, to move funds from the Water Tank Improvements account to the Water Meters account for the purchase of smart water meters for the Utilities Department. PASSED and APPROVED on July 1, 2025 Approved: * �0� Molly Rawn, Mayor Attest: Kara Paxton, City Clerk Treasurer Page 1 CITY OF FAYETTEVILLE ARKANSAS MEETING OF JULY 1, 2025 TO: Mayor Rawn and City Council THRU: Keith Macedo, Chief of Staff FROM: Tim Nyander, Utilities Director SUBJECT: Water Meter Purchases (Budget Adjustment) RECOMMENDATION: CITY COUNCIL MEMO 2025-766 Staff recommends approval of a budget adjustment in the amount of $300,000.00 to move funds to the Water Meters account for the purchase of smart water meters for the Utilities Department. BACKGROUND: The City utilizes capital funding to purchase water meters each year. The allotment of $1,000,000 replaces approximately 3,900 of the more than 50,000 water meters we have in the City's distribution system. The purchase of additional water meters will be beneficial to the overall water meter replacement strategy. DISCUSSION: A budget adjustment in the amount of $300,000.00 is requested to allow for the purchase of additional smart water meters in 2025. Funds are available in the Water Tank Improvements account within the Water & Sewer fund. BUDGET/STAFF IMPACT: Funds will be moved from the Water Tank Improvements account to the Water Meters account to fund the additional meter purchases in 2025. ATTACHMENTS: 3. Staff Review Form, 4. Budget Adjustment Mailing address: 113 W. Mountain Street www.fayetteville-ar.gov Fayetteville, AR 72701 == City of Fayetteville, Arkansas y 113 West Mountain Street Fayetteville, AR 72701 (479)575-8323 - Legislation Text File #: 2025-766 A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $300,000.00 FOR THE PURCHASE OF SMART WATER METERS FOR THE UTILITIES DEPARTMENT 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 in the amount of $300,000.00, a copy of which is attached to this Resolution, to move funds from the Water Tank Improvements account to the Water Meters account for the purchase of smart water meters for the Utilities Department. Page 1 Tim Nyander Submitted By City of Fayetteville Staff Review Form 2025-766 Item ID 6/17/2025 City Council Meeting Date - Agenda Item Only N/A for Non -Agenda Item 5/27/2025 WATER SEWER (720) Submitted Date Division / Department Action Recommendation: Staff recommends approval of a budget adjustment in the amount of $300,000.00 to move funds to the Water Meters account for the purchase of smart water meters for the Utilities Department. 5400.720.1840-5811.00 Account Number 02065.1 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 and Sewer Fund Water Meters Project Title $ 1,843,302.00 $ 1,526,219.43 317,082,57 $ 300,000.00 S 617,082.57 Previous Ordinance or Resolution # Approval Date: V20221130 City of Fayetteville, Arkansas - Budget Adjustment (Agenda) Budget Year Division Adjustment Number /Org2 WATER SEWER (720) 2025 Requestor: Shea Fankhouser BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: A budget adjustment in the amount of $300,00.00 is needed for the Water Meters account to allow for additional water meter purchases in 2025. Funds are available in the Water Tank Improvements account. COUNCIL DATE: 7/1/2025 ITEM ID#: 2025-766 Nolly Black 61212025 3:49 PM Budget Division Date TYPE: D - (City Council) JOURNAL#: GLDATE: RESOLUTION/ORDINANCE CHKD/POSTED: TOTAL - - v.2025513 Increase / (Decrease) Project.Sub# Account Number Expense Revenue Project Sub.Detl AT Account Name 5400.720.5600-5808.00 (300,000) - 14010 1 EX Improvements - Water Line 5400.720.1840-5811.00 300,000 - 02065 1 EX Water Meters 1 of 1