BAR
Date: 6/13/17
To:
·•llbill
Fr:
Finance Committee Public Utilities Committee JI Shannon Jones, Interim Water Div. & Public Utilities Dept Director.AV--
RE:
Budget Adjustment Request in the Water Division Debt Service.
The Water Division is requesting approval of a Budget Adjustment/Increase in 16/17 Debt Serw~ iD.A1Q~11 amount~ Rf'11~~1,,567,788. This is a correction to the Water Debt Service for refunding 1n late FY 15/16. These corrections were missed early in FY 16117 due to the unexpected vacancy in the debt management position in Finance.
Requested Action: Staff is requesting your approval of the Budget Adjustment and forwarding to City Council for approval.
2
....,, I ' - " " - - •
Log # {Finance use 2!:Jb:) : Batch # {Finance use QJ1J:t) :
City of Santa Fe, New Mexico BUDGET AMENDMENT RESOLUTION (BAR) DEPARTMENT I DIVISION NAME Public Utilities I Water BUSINESS UNIT
ITEM DESCRIPTION
DATE
06/14/2017
SUBSIDIARY SUBLEDGER {.000000} {0000}
LINE ITEM
EXPENDITURES Water Oos • Debt Svc Principal Water Ops • Debt Svc Interest !Water Bond c.vvrvu- Debt Svc Principal !Water Bond Lvv-.rvw - Debt svc Interest !Water Bond c.vvvrv..., .- c.;ompllance Contracts ·- · Water Ops - lnterfund Transfer Out
{enter as positive #} {enter as negative #)
1.!J 52300
l~
52300
tv 52391
Q
[$' 3X> j LJt..+r,T" Dt
G [So'")
900,000
590200
1,558,355
590100
(805,000)
52391
' 590200
(3 .219.143)
~ 52391
510250
52300
700150
c~ ~
I
I
- lnterruna
590100
I
REVENUES 1vvater (jOnd Transfer In
DECREASE
INCREASE
I
.
(2.000)
~~~-
6) 51391
(4,026,143}
5391
{enter as negative #) {enter as positive #)
600150
4.026,143
5300
~
Wt..w B ,1\ J
1,.. ) 0
1
A- /B
JUSTIFICATION: (use additional page 11 needed}
$
-Attach supporting documentation/memo
Corrections to Water Debt Service for refunding in late FY 15/16; these corrections were missed earlier in the year due to the unexoJbed J ab n<J, ;n the debt
ma~~~ement position
2.458.355
5300
..
!fll'AL: L]_ Andy Hopklins Prepared By {print name}
06/14(2017
~r.a"{··r ~l. 1Ac.-
Department Directo1
CITY COUNCIL APPROVAL C1ty
I
Date
cOunat
,,
ApptovBI Date
I~
t.
~~-11 Date
!!"~.
tity Council agenda items ONLY)
Date
(\
/:]///
{Ufe this form for Finance Committee/
Agenda Item • :
I
ji
I
'
I
B~fficer
I I
(4.026.1431
{Complete section below if BAR results in a net change to ANY Fund}
Fund{s} Affected:
II
$
Fund Bal. Increase/ (Decrease):
1.567.788
1,567,788
O~/ts;/t7 1
Date
Finance Director{,; $5.000}
Dale
City Manager { s $50,000}
Date
3
To:
·•llbill
Fr:
Finance Committee Public Utilities Committee JI Shannon Jones, Interim Water Div. & Public Utilities Dept Director.AV--
RE:
Budget Adjustment Request in the Water Division Debt Service.
The Water Division is requesting approval of a Budget Adjustment/Increase in 16/17 Debt Serw~ iD.A1Q~11 amount~ Rf'11~~1,,567,788. This is a correction to the Water Debt Service for refunding 1n late FY 15/16. These corrections were missed early in FY 16117 due to the unexpected vacancy in the debt management position in Finance.
Requested Action: Staff is requesting your approval of the Budget Adjustment and forwarding to City Council for approval.
2
....,, I ' - " " - - •
Log # {Finance use 2!:Jb:) : Batch # {Finance use QJ1J:t) :
City of Santa Fe, New Mexico BUDGET AMENDMENT RESOLUTION (BAR) DEPARTMENT I DIVISION NAME Public Utilities I Water BUSINESS UNIT
ITEM DESCRIPTION
DATE
06/14/2017
SUBSIDIARY SUBLEDGER {.000000} {0000}
LINE ITEM
EXPENDITURES Water Oos • Debt Svc Principal Water Ops • Debt Svc Interest !Water Bond c.vvrvu- Debt Svc Principal !Water Bond Lvv-.rvw - Debt svc Interest !Water Bond c.vvvrv..., .- c.;ompllance Contracts ·- · Water Ops - lnterfund Transfer Out
{enter as positive #} {enter as negative #)
1.!J 52300
l~
52300
tv 52391
Q
[$' 3X> j LJt..+r,T" Dt
G [So'")
900,000
590200
1,558,355
590100
(805,000)
52391
' 590200
(3 .219.143)
~ 52391
510250
52300
700150
c~ ~
I
I
- lnterruna
590100
I
REVENUES 1vvater (jOnd Transfer In
DECREASE
INCREASE
I
.
(2.000)
~~~-
6) 51391
(4,026,143}
5391
{enter as negative #) {enter as positive #)
600150
4.026,143
5300
~
Wt..w B ,1\ J
1,.. ) 0
1
A- /B
JUSTIFICATION: (use additional page 11 needed}
$
-Attach supporting documentation/memo
Corrections to Water Debt Service for refunding in late FY 15/16; these corrections were missed earlier in the year due to the unexoJbed J ab n<J, ;n the debt
ma~~~ement position
2.458.355
5300
..
!fll'AL: L]_ Andy Hopklins Prepared By {print name}
06/14(2017
~r.a"{··r ~l. 1Ac.-
Department Directo1
CITY COUNCIL APPROVAL C1ty
I
Date
cOunat
,,
ApptovBI Date
I~
t.
~~-11 Date
!!"~.
tity Council agenda items ONLY)
Date
(\
/:]///
{Ufe this form for Finance Committee/
Agenda Item • :
I
ji
I
'
I
B~fficer
I I
(4.026.1431
{Complete section below if BAR results in a net change to ANY Fund}
Fund{s} Affected:
II
$
Fund Bal. Increase/ (Decrease):
1.567.788
1,567,788
O~/ts;/t7 1
Date
Finance Director{,; $5.000}
Dale
City Manager { s $50,000}
Date
3
