HomeMy WebLinkAboutVIII-11 Approve Water Meter Project Budget Carryover Adjustment
City Council Memorandum
To: Mayor Fasbender & City Councilmembers
From: Chris Eitemiller, Finance Manager
Date: March 20, 2023
Item: Water Meter Project Budget Carryover Adjustment
Council Action Requested:
Staff requests Council approve an increase to a carryover expense budget from the
2022 budget to the 2023 budget for unspent funding for the Water Meter Replacement
project.
Background Information:
At the March 6 meeting, Council approved the budget carryover items from 2022-2023.
One of those totals approved was lower than intended. The Water utility meant for
$166,000 to be carried forward. Instead, the amount carried forward was only $76,000.
Because of this, staff is requesting an additional $90,000 be carried forward to 2023.
Financial Impact:
This spending was included in the 2022 budget and these requested funds for
carryforward remain unspent.
Account Details:
2022 Previously Approved Current carryforward
Account # Description Budget Carryforward Request
600-300-3300-6590 Water Meter Replacement 166,000.00 $76,000 90,000.00
VIII-11