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Home My WebLink About213-25 RESOLUTION Page 1 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 Resolution: 213-25 File Number: 2025-1675 A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $190,000.00 TO MOVE FUNDS TO THE SALES TAX INVENTORY ITEMS ACCOUNT IN THE WATER & SEWER FUND 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 $190,000.00, a copy of which is attached to this Resolution, to move funds to the sales tax inventory items account in the Water & Sewer fund. PASSED and APPROVED on September 16, 2025 Approved: _______________________________ Molly Rawn, Mayor Attest: _______________________________ Kara Paxton, City Clerk Treasurer Mailing address: 113 W. Mountain Street Fayetteville, AR 72701 www.fayetteville-ar.gov CITY COUNCIL MEMO 2025-1675 MEETING OF SEPTEMBER 16, 2025 TO: Mayor Rawn and City Council THRU: Keith Macedo, Chief of Staff FROM: Tim Nyander, Utilities Director SUBJECT: Budget Adjustment for the Sales Tax Inventory Items Account RECOMMENDATION: Staff recommends approval of a budget adjustment in the amount of $190,000.00 to move funds to the Sales Tax Inventory Items account. BACKGROUND: The Sales Tax Inventory Items account within the Water & Sewer fund is currently over budget due to a large purchase of copper tubing in February that is used for water service lines. DISCUSSION: A budget adjustment in the amount of $190,000.00 is requested to fix the over budgeted account and to cover sales tax inventory costs for the rest of the year that will be charged to this account. Funds are available in the following accounts within the Water & Sewer fund. Project Number Description Amount 15019 Utilities Technology Improvements $47,500 02066 Backflow Protection Assemblies $47,500 10027 Phosphorus Standards Management $47,500 15021 Water Storage and Pump Station Maintenance $47,500 Total $190,000 BUDGET/STAFF IMPACT: Funds will be moved from the above-listed accounts to the Sales Tax Inventory Items account. ATTACHMENTS: 3. Staff Review Form, 4. Budget Adjustment Page 1 City of Fayetteville, Arkansas Legislation Text 113 West Mountain Street Fayetteville, AR 72701 (479) 575-8323 File #: 2025-1675 A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $190,000.00 TO MOVE FUNDS TO THE SALES TAX INVENTORY ITEMS ACCOUNT IN THE WATER & SEWER FUND 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 $190,000.00, a copy of which is attached to this Resolution, to move funds to the sales tax inventory items account in the Water & Sewer fund. City of Fayetteville Staff Review Form 2025-1675 Item ID 9/16/2025 City Council Meeting Date - Agenda Item Only N/A for Non-Agenda Item Tim Nyander 8/26/2025 WATER SEWER (720) Submitted By Submitted Date Division / Department Action Recommendation: Staff recommends approval of a budget adjustment in the amount of $190,000.00 to move funds to the Sales Tax Inventory Items account. Budget Impact: 5400.720.4000-5372.00 Water and Sewer Account Number Fund N/A N/A Project Number Project Title Budgeted Item?Yes Total Amended Budget $80,000.00 Expenses (Actual+Encum)$166,141.30 Available Budget $(86,141.30) Does item have a direct cost?No Item Cost $- Is a Budget Adjustment attached?Yes Budget Adjustment $190,000.00 $32.00 Remaining Budget $103,858.70 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 2025 Requestor:Cheryl Partain BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION: A budget adjustment is needed in the Water/Sewer operational G/L Account Sales Tax Inventory due to the account being over budget. The over budget was caused by the bulk copper tubing that was purchased. Copper price has increased over 50%. Budgeted funds from multiple capital projects are being moved to cover the operational overbudget. COUNCIL DATE:9/16/2025 ITEM ID#:2025-1675 Budget Division Date TYPE:D - (City Council) JOURNAL #: GLDATE: RESOLUTION/ORDINANCE CHKD/POSTED:/ v.2025826TOTAL-- Increase / (Decrease)Project.Sub# Account Number Expense Revenue Project Sub.Detl AT Account NameGLACCOUNTEXPENSEREVENUEPROJECTSUBATDESCRIPTION X 5400.720.4000-5372.00 190,000 -EX Sales Tax - Inventory Items 5400.720.1840-5801.00 (47,500)-15019 1 EX Fixed Assets 5400.720.1840-5801.00 (47,500)-02066 1 EX Fixed Assets 5400.730.5800-5801.00 (47,500)-10027 1001 EX Fixed Assets 5400.720.5600-5808.00 (47,500)-15021 1 EX Improvements - Water Line -- -- -- -- -- -- -- -- -- -- -- -- -- 1 of 1