ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. R-12-10 _
RESOLUTION
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Appropriating Funds for Operating the Water Authority for Fiscal Year Beginning July 1, 2012 and Ending June 30, 2013
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WHEREAS, the Albuquerque Bernalillo County Water Utility Authority (Water Authority) as a political subdivision of the State of New Mexico is required to budget and account for all money received or spent in accordance with New Mexico laws; and
WHEREAS, the Board, by Ordinance, has established a budget process for the Water Authority; and
WHEREAS, the Budget Ordinance requires the Executive Director to formulate the operating budget for the Water Authority; and
WHEREAS, the Budget Ordinance requires the Water Authority Board to approve or amend and approve the Executive Director's proposed budget; and
WHEREAS, the Board has received the budget formulated by the Executive Director and has deliberated on it and provided public notice and input; and
WHEREAS, appropriations for the operation of the Water Authority must be approved by the Board.
BE IT RESOLVED BY THE WATER AUTHORITY:
Section 1. That the following amounts are hereby appropriated to the following funds for operating The Albuquerque Bernalillo County Water Utility Authority during Fiscal Year 2013:
JOINT WATER AND SEWER OPERATING FUND - 621 181,645,000
This appropriation is allocated to the following programs:
Water Authority 21,253,000
Low Income Utility Credit 250,000
Customer Services 5,552,000
Finance 7,022,000
Information Systems 4,152,000
San Juan/Chama 2,247,000
Compliance 4,270,000
Human Resources 1,085,000
Wastewater Collection 6,352,000
Wastewater Treatment 11,792,000
Water Plant Facility Production 6,561,000
Water Plant Facility Distribution 14,706,000
Water Distribution Facilitation 2,050,000
Water Resources, Engineering & Planning 6,515,000
Northwest Service Area 2,394,000
North I-25 Reuse 76,000
Strategy Implementation 2,712,000
Transfers to Other Funds:
General Fund (110) 8,294,000
Joint Water and Sewer Rehab (628) 8,000,000
Joint Water and Sewer Bond Debt Service (631) 66,362,000
Indirect Costs paid to the City of Albuquerque for services provided to the Water Authority are capped at $1,550,000 for this fund.
JOINT WATER AND SEWER REVENUE BOND
DEBT SERVICE FUND - 631 75,738,000
This appropriation is allocated to the following programs:
Debt Service 72,346,000
Transfer to Other Funds:
Joint Water and Sewer Capital Fund (629) 3,392,000
Section 2. The Executive Director is authorized to develop and establish a nonrecurring safety/performance incentive program. This program will provide employees with an incentive bonus based on cost reductions or performance enhancements resulting in operating efficiencies and/or a reduction in work related losses. Funding for this program is contingent on savings in the same or a greater amount.
Section 3. The Water Authority shall continue its partnership with non-profit affordable housing developers under contract with local government whereby the first time homebuyer will not be required to pay the Utility Expansion Charge until the property is sold. No more than 50 units per year will be authorized under this program. The Water Authority will secure its position with a second mortgage.
Section 4. The Rate Reserve Fund is augmented by the amount of $2,000,000.
Section 5. The Executive Director is authorized to carry out all appropriations contained in this budget in accordance with established policies and procedures.