HomeMy WebLinkAbout255-20 RESOLUTION113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 255-20
File Number: 2020-0830
BEAVER WATER DISTRICT:
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF
$4001000.00 IN THE PURCHASED WATER ACCOUNT DUE TO INCREASED WATER
USAGE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE,
ARKANSAS:
Section L 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 S400,000.00 in the
purchased water account due to increased water usage.
PASSED and APPROVED on 10/20/2020
Attest:
% CLERK 1 T,,.
pT 9sG:
Kara Paxton, City Clerk Treasurer= Y 1 ;rUT
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Page 1 Printed on 10/21/20
City of Fayetteville, Arkansas 113 West Mountain Street
Fayetteville, AR 72701
(479)575-8323
Text File
File Number: 2020-0830
Agenda Date: 10/20/2020 Version: 1 Status: Agenda Ready
In Control: City Council Meeting File Type: Resolution
Agenda Number: A.4
BEAVER WATER DISTRICT:
A RESOLUTION TO APPROVE A BUDGET ADJUSTMENT IN THE AMOUNT OF $400,000.00 IN
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 $400,000.00 in the purchased water account due
to increased water usage.
City of Fayetteville, Arkansas Page r Printed on 1011912020
City of Fayetteville Staff Review Form
2020-0830
Legistar File ID
10/20/2020
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
Kevin Springer 10/1/2020 BUDGET & INFORMATION MGMT (133)
Submitted By Submitted Date Division / Department
Action Recommendation:
Staff recommends approval of a budget adjustment in the amount of $400,000.00 in the Purchased Water account
due to increased water usage, which is purchased from Beaver Water District. The increased usage reflects an
increase in revenues, and is recognized in this budget adjustment.
Budget Impact:
5400.720.3800-5312.00
Water/Sewer
Account Number Fund
N/A N/A
Project Number
Budgeted Item? Yes
Current Budget
Funds Obligated
Current Balance
Does item have a cost? No
Item Cost
Budget Adjustment Attached? Yes
Budget Adjustment
Remaining Budget
Purchase Order Number:
Change Order Number:
Original Contract Number:
Comments:
Project Title
$ 8,628,000.00
$ 6,766,527.78
$ 1,861,472.22
$ 400,006.00
$ 2,261,472.22
Previous Ordinance or Resolution If
Approval Date:
CITY OF
FAYETTEVILLE
ARKANS
ARKANSAS
MEETING OF OCTOBER 20TH 2O20
TO: Mayor and City Council
THRU: Paul A. Becker, Chief Financial Officer
FROM: Kevin Springer, Budget Director
DATE: October 1, 2020
CITY COUNCIL MEMO
SUBJECT: Approval of a Budget Adjustment to Increase Water Purchases Account
RECOMMENDATION:
Staff recommends increasing Water Purchases by $400,000 to cover the anticipated
costs of purchasing water from Beaver Water District through the end of 2020.
;71TOVIc1iZflII►1ND3
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 make some changes based on growth, climate and non -revenue water loss.
DISCUSSION:
The previous three (3) months have indicated an approximately 10% increase in water
usage compared to last year, due to several factors. The unseasonably wet weather in
2019 had reduced water consumption and in 2020, increased water usage due to
COVID-19.
BUDGET/STAFF IMPACT:
Because most of the growth in the purchase of water directly corresponds with a growth
in revenue, there are additional revenues received in water sales. The $400,000
requested for Water Purchases will come from the recognition of $400,000 in water
sales.
Mailing Address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701
City of Fayetteville, Arkansas - Budget Adjustment Form (Legistar)
Budget Year Division Adjustment Number
/Org2 WATER SEWER (720)
2020
Requestor: Kevin Springer
BUDGET ADJUSTMENT DESCRIPTION / JUSTIFICATION:
Staff recommends approval of a budget adjustment in the amount of $400,000.00 in the Purchased Water account due
to increased water usage, which is purchased from Beaver Water District. The increased usage reflects an increase in
revenues, and is recognized in this budget adjustment.
COUNCIL DATE:
LEGISTAR FILE ID#:
10/20/2020
2020-0830
Kevi wSpr&nger
101112020 10:18 AM
Budget Director
TYPE:
JOURNAL#:
Dote
D - (City Council)
GLDATE: 10/20/2020
RESOLUTION/ORDINANCE CHKD/POSTED: /
TOTAL 400,000 400,000 v.20200820
Increase / (Decrease) Proiect.Sub#
Account Number Expense Revenue Project Sub.Detl AT Account Name
5400.720.3800-5312.00 400,000 - EX Purchased Water
5400.720.4310-4431.01 - 400,000 RE Water Sales -On Computer
H:\Budget Adjustments\2020_Budget\City Council\IO-20-2020\2020-0830 BA Water Purchoses.xlsm I of I