Minutes 11-19-2012 - Watertown, NY

Resolution No. 8 - Readopting Fiscal Year 2012-13 Sewer Fund Budget
Introduced by Council Member Joseph M. Butler, Jr.
WHEREAS on May 26, 2012 the City Council passed a resolution adopting the Budget
for Fiscal Year 2012-13, of which $5,326,609 was appropriated for the Sewer Fund, and
WHEREAS on November 19, 2012 the City Council was presented with a change order
to the contract with North Country Contractors to reconstruct Clinton Street of which $268,913
was applicable to the Sewer Fund bringing the total Sewer Fund portion of the project to an
estimated $570,000, and
WHEREAS the Fiscal Year 2011-12 Sewer Fund Budget appropriated $385,000 to be
transferred to the Capital Projects Fund to pay for the Sewer Fund portion of the project which
creates a funding deficit of $185,000, and
WHEREAS City staff recommends funding the deficit with a transfer from the Sewer
Fund to the Capital Fund to fund to avoid the issuance of debt, and
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Watertown,
New York that it hereby re-adopts the Fiscal Year 2012-13 Budget for the Sewer Fund in the
total amount of $5,511,609 and
BE IT FURTHER RESOLVED by the City Council of the City of Watertown that the
following adjustment be included in the re-adopted Fiscal Year 2011-12 Sewer Fund Budget.
SEWER FUND
Revenues
Appropriated Fund Balance $ 185,000
Total $ 185,000
Seconded by Council Member Jeffrey M. Smith
Expenditures
G 9950.0900 Transfer to Capital Fund $ 185,000
Total $ 185,000
Prior to the vote on the foregoing resolution, Council Member Butler asked if any debt was
funded on the $385,000.
James Mills, City Comptroller responded that amount is all Sewer Fund current resources that
were appropriated in the 2011-12 budget. He confirmed that there was no debt on the entire
$570,000.
At the call of the chair, a vote was taken on the foregoing resolution and carried with all
voting yea.
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