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R-007-15 Amending the Budget for 2014-15 to Appropriate Additional Funds for the Agua Mansa Project
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R-007-15 Amending the Budget for 2014-15 to Appropriate Additional Funds for the Agua Mansa Project
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2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17' <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-07-15 <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF COLTON AMENDING THE BUDGET FOR <br />FISCAL YEAR 2014-15 TO APPROPRIATE <br />ADDITIONAL FUNDS IN THE ELECTRIC <br />DEPARTMENT FOR THE AGUA MANSA PROJECT <br />WHEREAS; the budget for fiscal year 2014-15 has been approved by City Council, <br />and must now be amended to increase the appropriation in the Electric Utility Department by <br />$1,895,000 for construction of the West Substation, the Agua Mansa 66 kV Switchyard and the <br />66 kV line to connect the two facilities (the Agua Mansa Project); and, <br />WHEREAS, sufficient funds are available in the Electric Department unappropriated <br />reserve fund for the Agua Mansa Project; <br />NOW, THEREFORE, the City Council of the City of Colton does hereby resolve the <br />following: <br />Section 1. The City Council hereby amends the fiscal year 2014-15 budget <br />appropriation as follows: <br />• Increase expenditure account number 520-8000-8040-3890-0107-000 <br />• Capital Improvement, New Substations, by $1,895,000.00. <br />PASSED, APPROVED AND ADOPTED this 20`h day of January 2015. <br />ATTEST: <br />CAROLINA R. PADILLA <br />City Clerk <br />Resolution R-07-15 <br />Page 1 <br />RICHARD A. DELAROSA <br />Mayor <br />
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