File #: R-18-12    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 4/13/2018 In control: Albuquerque Bernalillo County Water Utility Authority
On agenda: 4/18/2018 Final action: 5/23/2018
Title: Appropriating Funds for Operating the Albuquerque Bernalillo County Water Utility Authority for Fiscal Year Beginning July 1, 2018 and Ending June 30, 2019
Sponsors: Albuquerque Bernalillo County Water Utility Author
Attachments: 1. R-18-12

ALBUQUERQUE BERNALILLO COUNTY

WATER UTILITY AUTHORITY

 

 

BILL NO.                          R-18-12           |

 

 

RESOLUTION

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Appropriating Funds for Operating the Albuquerque Bernalillo County Water Utility Authority for Fiscal Year Beginning July 1, 2018 and Ending June 30, 2019

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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 2019:

GENERAL FUND - 21                                          214,009,000

This appropriation is allocated to the following programs:

                     Administration                                          2,684,000

                     Risk                                                                                    4,534,000

                     Legal                                                                                    760,000

                     Human Resources                                          1,588,000                     

                     Finance                                                               4,184,000

                     Customer Services                                          9,050,000

                     Information Technology                     7,096,000

                     Wastewater Plant                                          11,426,000

                     San Juan-Chama Water Treatment Plant                     3,971,000

                     Groundwater Operations                     6,629,000

                     Wastewater Collections                     6,701,000

                     Water Field Operations                     19,595,000

                     Compliance                                                               5,261,000

                     Planning & Engineering                     3,899,000

                     Water Resources                                           3,861,000

                     Power & Chemicals                                          20,236,000

                     Taxes                                                                                    656,000

                     Authority Overhead                                          1,410,000

                     San Juan-Chama                                          2,247,000

                     Transfers to Other Funds:

                                          Rehab Fund (28)                     26,589,000

                                          Debt Service Fund (31)                     71,631,000

DEBT SERVICE FUND - 31                     85,730,000

This appropriation is allocated to the following programs:

                     Debt Service                                                               80,730,000

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 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. If 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.