ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. R-25-6 |
RESOLUTION
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Amendment to the Approved Operating and Capital Implementation Program Budgets of the Albuquerque Bernalillo County Water Utility Authority for the Fiscal Year Ending June 30, 2025
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WHEREAS, requirements established under Section 2-1-8, 2006, provide for amendments to the approved budget for the Fiscal Year ending June 30, 2025, that were previously approved under R-24-10 and R-24-11; and
WHEREAS, the rate revenue reserve that was set aside as restricted cash is needed to offset unanticipated operational expenses and other fund reserves are needed to supplement current appropriations for ongoing projects; and
WHEREAS, appropriations for the Fiscal Year ending June 30, 2025 require an amendment to align the approved budget amounts resulting in a net fund balance and revenue decrease of $3,283,811 and a net expense decrease of $6,767,836:
THEREFORE, BE IT RESOLVED BY THE WATER AUTHORITY:
Section 1: That the adjustments are stated below and are hereby made.
General Fund (21):
Investment and Interest Income 3,500,000
Expense 2,594,000
Water 2120 Fund (27):
Revenue - Transfer in from Fund 28 (6,000,000)
Expenses (1,406,400)
Rehab Fund (28):
Expense (6,920,425)
Growth Fund (29):
Revenue (783,811)
Expenses (1,035,011)
Debt Service Fund (31):
Expenses 200,000
Fund Balance (200,000)
San Juan-Chama Contractors Association Fund (41):
Expenses 23,047
Fund Balance (23,047)