ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. R-22-13 |
RESOLUTION
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Appropriating Funds for Operating the Albuquerque Bernalillo County Water Utility Authority for Fiscal Year Beginning July 1, 2022 and Ending June 30, 2023
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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 and performance plan process for the Water Authority; and
WHEREAS, the Budget Ordinance requires the Executive Director to submit a performance plan for the fiscal year commencing on July 1 of the year in which the budget proposal is submitted, and the performance plan shall be connected to the five-year goals and contain performance measures that help guide the operating and capital budgets in allocating the Water Authority’s financial resources; 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 2023:
GENERAL FUND - 21 243,762,000
This appropriation is allocated to the following programs:
Administration 1,839,000
Risk 5,668,000
Legal 816,000
Human Resources 1,856,000
Finance 9,569,000
Customer Services 5,265,000
Information Technology 9,775,000
Wastewater Plant 11,747,000
San Juan-Chama Water Treatment Plant 4,790,000
Groundwater Operations 7,169,000
Wastewater Collections 7,835,000
Water Field Operations 21,100,000
Compliance 5,920,000
Central Engineering 3,432,000
Asset Management 763,000
Planning & Utility Development 824,000
Water Resources 4,652,000
Power & Chemicals 21,051,000
Taxes 656,000
Authority Overhead 1,670,000
San Juan-Chama 2,747,000
Transfers to Other Funds:
Rehab Fund (28) 36,618,000
Debt Service Fund (31) 78,000,000
DEBT SERVICE FUND - 31 92,663,000
This appropriation is allocated to the following programs:
Debt Service 88,663,000
Transfer to Other Funds:
Growth Fund (29) 4,000,000
SAN JUAN CHAMA PROFESSIONAL CONTRACTORS
ASSOCIATION FUND - 41 171,754
This appropriation is allocated to the following programs:
General Government 171,754
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 Executive Director is authorized to continue the Water Authority’s partnerships with other governmental entities to support non-profit community development projects. Qualified projects may be approved to defer payment of all or a portion of applicable Utility Expansion Charges until the property is sold. The Water Authority will secure its position with a second mortgage on the subject property.
Section 4. 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 5. The Executive Director is authorized to carry out all appropriations contained in this budget in accordance with established policies and procedures.