HomeMy WebLinkAbout180-12 RESOLUTIONRESOLUTION NO. 180-12
A RESOLUTION APPROVING A BUDGET ADJUSTMENT IN THE
AMOUNT OF $14,561.00 RECOGNIZING REVENUE FROM THE SWEPCO
ENERGY BLOCK GRANT REBATE AND ALLOCATING THE REVENUE
TO THE LED TRAIL LIGHTING PROGRAM
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 as Exhibit "A", in the amount of $14,561.00
recognizing revenue from the SWEPCO energy block grant rebate and allocating the revenue to
the LED trail lighting program.
PASSED and APPROVED this 4th day of September, 2012.
APPROVED: ATTEST:
BY: 004A-44,_, { 41144
SONDRA E. SMITH, City Clerk/Treasurer
City of Fayetteville, Arkansas
Budget Adjustment Form
V11.0425
Budget Year
2012
Division: Finance Director
Department: Finance Director
Request Date
8/27/2012
Adjustment Number
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION
Recognize rebate revenue - all funds will be used for LED lighting for the trails.
��- 8 •'2.?-'1.4if, Prepared By:
Division Head
B.: get Director
Department Director
Fin Director
Date
.-22
Date
Date
Reference:
kspringer
Budget & Research Use Only
Type: A B C D E P
8- ?E-7,Oit_., General Ledger Date
Date
Posted to General Ledger
Date Initial Date
Checked / Verified
Date
Initial Date
TOTAL BUDGET ADJUSTMENT
Account Name
State Rebates
Minor equipment
14,561 14,561
Increase / (Decrease) Project.Sub
Account Number Expense Revenue Number
2240.0924.4311.00 14,561 09011 0010
2240.9240.5210.00 14,561 09011. 0030
J:\EXCEL\Energy Block Grant\Council Packet\BA complete Energy Grant
1 of 1
Paul Becker
Submitted By
City of Fayetteville Staff Review Form
City Council Agenda Items
and
Contracts, Leases or Agreements
9/4/2012
City Council Meeting Date
Agenda Items Only
Driector of Finance
Division
Action Required:
Administration
Department
A resolution to recognize rebate revenue for The Energy Block Grant and to allocate that revenue to the LED light
program for trails
($14,561.00)
14, 561.00
Cost of this request
2240.0924.4311.00
2240.9240.5210.00
Account Number
09011.0010
09011.0030
Project Number
Budgeted Item
774,900.00
Category / Project Budget
757,180.00
Energy Block Grant
Program Category / Project Name
LED lights
Funds Used to Date Program / Project Category Name
17, 720.00
Energy Block Grant
Remaining Balance Fund Name
Budget Adjustment Attached
XX
Lc,1
Departm Director
Cit ey
g.z.?.141►1,
Date
Date
Finance and Internal Services Director Date
Date
Date
Previous Ordinance or Resolution #
Original Contract Date:
Original Contract Number:
RES 201-09
08-27--12P03:47 RCVD
Received in City
Clerk's Office
Comments:
Revised January 15, 2009
171e tevile
CITY COUNCIL AGENDA MEMO
MEETING DATE OF MAY 1, 2012
THE CITY OF FAYETTEVILLE, ARKANSAS
ARKANSAS
www.accessfayetteville.org
To: Fayetteville City Council
Thru: Mayor Lioneld Jordan
Don Marr, Chief of Staff
From: Paul Becker
Director of Finance
Date: August 27, 2012
Subject: Energy Block Grant
RECOMMENDATION
City Administration recommends recognizing SWEPCO energy rebate revenue related to the solar panel on the
District Court Building. This revenue should be recognized as revenue to the Energy Block Grant (EECBG)
which made the solar purchase. And to combine this revenue with the funds remaining in the grant for the
LED light program, which will purchase LED lights for the trails.
BACKGROUND
The Energy Block Grant purchased solar panels for the roof of the District Court Building. There have been
rebates from the State of Arkansas regarding these panels (totalling $14,560.50). The revenue should be
recognized to the Block Grant project, so the remaing grant funds and the rebates can be used to purchase LED
trail lights.
DISCUSSION
The revenues that should be recognized:
Date
Amount
2/22/2011
$3265.50
4/19/2011
$2262.00
7/24/2011
$4365.00
11/14/2011
$4668.00
TOTAL
$14,560.50
BUDGET IMPACT
The remaining grant funds — combined with the revenues of the rebates ($14,560.50) would give the Energy
Grant LED program $32,280.46 that would be used to purchase LED lights for the Trails program. The BA
would true up the accounts and complete the grant drawing of funds by the deadline of September 13, 2012.
Block Grant Agenda Memo 08272012
RESOLUTION NO.
A RESOLUTION APPROVING A BUDGET ADJUSTMENT IN THE
AMOUNT OF $14,561.00 RECOGNIZING REVENUE FROM THE SWEPCO
ENERGY BLOCK GRANT REBATE AND ALLOCATING THE REVENUE .
TO THE LED TRAIL LIGHTING PROGRAM
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 as Exhibit "A", in the amount of $14,561.00
recognizing revenue from the SWEPCO energy block grant rebate and allocating the revenue to
the LED trail lighting program.
PASSED and APPROVED this 4th day of September, 2012.
APPROVED: ATTEST:
By: By:
LIONELD JORDAN, Mayor SONDRA E. SMITH, City Clerk/Treasurer