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<br />The Water and Sewer CIP budgets on pages A-13 to A-14 reflect: <br />. The transfer of debt service payments to the Operating Budget as previously <br />discussed including $727,706 for water and $642,472 for sewer. <br />. SCADA computer hardware and software upgrades already approved by the <br />City Council ($390,000). <br />. The Vineyard Avenue Sewer project accepted by the City Council (SR05 :316) <br />and the remaining $321,374 project budget returned to the Sewer Expansion <br />Fund balance. <br />. Other routine or minor transfers between projects. <br /> <br />After the recommended amendments are made to the CIP, the results are reflected in <br />the Adjusted CIP budgets shown in Appendix C, on pages C-l through C-l o. <br /> <br />CONCLUSION <br /> <br />This financial update of the first quarter of fiscal year 2005-06 is routine in nature, <br />reflecting mostly actions that have already taken place or that pertain to presentation <br />changes. The most significant changes have been described in this report, and there <br />are no other significant fiscal impacts expected to result from the recommended <br />changes. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br />David P. Culver <br />Director of Finance <br /> <br />Nelson Fialho <br />City Manager <br /> <br />6 <br /> <br />SR06:085 <br />