HomeMy WebLinkAbout084 - 07/20/2010 - APPROPRIATING PRIOR YEAR WATER FUND RESERVES FOR THE ADVANCED METERING INFRASTRUCTURE CAPITAL PROJEC J
ORDINANCE NO. 0845 2010
OF THE COUNCIL OF THE CITY OF FORT COLLINS
APPROPRIATING PRIOR YEAR WATER FUND RESERVES FOR THE ADVANCED
METERING INFRASTRUCTURE CAPITAL PROJECT AND AUTHORIZING THE
TRANSFER OF EXISTING WATER FUND OPERATING APPROPRIATIONS AND THE
TRANSFER OF EXISTING WATER METER CAPITAL PROJECT APPROPRIATIONS TO
THE WATER ADVANCED METERING INFRASTRUCTURE CAPITAL PROJECT
WHEREAS,the Water Utility is planning to convert all water meters to Advanced Metering
Infrastructure ("AMI") technology in coordination with the Smart Grid Investment Project of the
Light and Power Utility; and
WHEREAS, AMI technology enables the Water Utility to reduce its operational costs by
automating functions that are currently performed manually, including reading water meters; and
WHEREAS, by converting its older water meters to AMI water meters, the Water Utility
can benefit from the technology and security improvements created by the smart grid infrastructure
that is being constructed by the Light and Power Utility in connection with the SGIG; and
WHEREAS,these benefits include,among other things,increased customer service through
improvements in billing accuracy and faster response times to customer inquiries, as well as
increased leak detection capabilities; and
WHEREAS,the Water Utility's cost for the AMI project is estimated at$4,000,000,which
amount will not be funded by the Smart Grid Investment Grant("SGIG") obtained by the Light&
Power Utility; and
WHEREAS, the amount of $920,000 has previously been appropriated in Water Fund
operations for planned water meter replacement, which funds are available for transfer to the AMI
capital project; and
WHEREAS,$1,080,000 has been appropriated in the Water Fund for the water meter capital
project, which funds are available for transfer to the AMI capital project; and
WHEREAS, another$2,000,000 in additional funds,which is needed to fully fund the AMI
capital project, is available in the form of reserves in the Water Fund; and
WHEREAS,Article V,Section 9,ofthe City Charter permits the City Council to appropriate
by ordinance at any time during the fiscal year such funds for expenditure as may be available from
reserves accumulated in prior years, notwithstanding that such reserves were not previously
appropriated; and
WHEREAS,Article V,Section 10,of the City Charter authorizes the City Council to transfer
by ordinance any unexpended and unencumbered amount or portion thereof from one fund or capital
project to another fund or capital project,provided that the purpose for which the transferred funds
are to be expended remains unchanged; and
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That there is hereby appropriated from prior year reserves in the Water Fund
the sum of TWO MILLION DOLLARS ($2,000,000) for expenditure in the Water Fund for the
Advanced Metering Infrastructure capital project.
Section 2. That there is hereby authorized the transfer of funds previously appropriated
in Water Fund operations to the Advance Metering Infrastructure capital project the sum of NINE
HUNDRED TWENTY THOUSAND DOLLARS($920,000)for expenditure in the Water Fund for
the Advanced Metering Infrastructure capital project.
Section 3. That there is hereby authorized the transfer of funds previously appropriated
in the Water Meter capital project to the Advanced Metering Infrastructure capital project the sum
of ONE MILLION EIGHTY THOUSAND DOLLARS ($1,080,000) for expenditure in the water
fund for the Advanced Metering Infrastructure capital project.
Introduced,considered favorably on first reading,and ordered published this 6th day of July,
A.D. 2010, and to be presente&for final passage on the 20th day pMly, A.D. 2010.
Mayor
-ATTEST:--
City-Clerk
Passed and adopted on final reading on the 20th day of y, A.D. 2010.
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Mayo
ATTEST:
L L
City Clerk
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