ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. R-15-9 |
RESOLUTION
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Appropriating Funds for Operating the Albuquerque Bernalillo County Water Authority for Fiscal Year Beginning July 1, 2015 and Ending June 30, 2016.
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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 2016:
GENERAL FUND - 21 202,264,000
This appropriation is allocated to the following programs:
Administration 1,832,000
Legal/Risk 4,074,000
Human Resources 1,373,000
Finance 3,700,000
Customer Services 8,963,000
Information Technology 5,686,000
Wastewater Plant 11,298,000
San Juan-Chama Water Treatment Plant 2,975,000
Groundwater Operations 5,860,000
Wastewater Collections 6,236,000
Water Field Operations 18,777,000
Compliance 5,186,000
Water Resources Management 7,199,000
Power & Chemicals 18,482,000
Taxes 8,691,000
Authority Overhead 1,843,000
San Juan-Chama 2,247,000
Transfers to Other Funds:
Rehab Fund (28) 15,000,000
Debt Service Fund (31) 72,842,000
DEBT SERVICE FUND - 31 77,842,000
This appropriation is allocated to the following programs:
Debt Service 72,842,000
Transfer to Other Funds:
Growth Fund (29) 5,000,000
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 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 or qualifying developer will not be required to pay the Utility Expansion Charge until the property is sold or is no longer used as a low income housing. No more than 50 housing 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. In the event that working capital balance exceeds 1/12 of operating expenses, and debt service payments and debt service coverage are met, the remaining working capital balance shall be reserved for capital projects.
Section 6. The Executive Director is authorized to carry out all appropriations contained in this budget in accordance with established policies and procedures.