ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. R-19-1 |
RESOLUTION
t
Amendment to the Approved Operating Budget of the Albuquerque Bernalillo County Water Utility Authority for the Fiscal Year Ending June 30, 2019
b
WHEREAS, the Operating Budget is governed by the requirements established under Section 2-1-8, 2006, which provides for amendments to the approved program; and
WHEREAS, appropriations for the Fiscal Year ending June 30, 2019 that were previously approved under R-18-12 require an amendment due to a change operating and maintenance costs for the San Juan-Chama project billed by the U.S. Bureau of Reclamation and recognition of interest payment for the 2018 revenue bonds.
THEREFORE, BE IT RESOLVED BY THE WATER AUTHORITY:
Section 1. That funds in the amount of Five Hundred Thousand Dollars ($500,000) are hereby increased in the General Fund 21 for the increased expense to the U.S. Bureau of Reclamation.
Section 2. That funds in the amount of Six Hundred Thirty-Six Thousand Dollars ($636,000) are hereby transferred from General Fund 21 to the Debt Service Fund 31 for the increase of interest expense.