HomeMy WebLinkAbout2024 Budget AJ Concrete Water Reservoir RehabiliationBUDGET ADJUSTMENT REQUEST FORM
Dept:Fiscal Year Affected:2024
Expense Accounts to Receive Increased Budget:
Account:26434-5549 Amount:523,200 CONCRETE REPAIR-N. WELL RES. #2/#3
Account:Amount:
Account:Amount:
Account:Amount:
Account:Amount:
TOTAL:523,200
Accounts Where Budget is Coming From:
Account:26434-5999 Amount:523,200 TOTAL TO BE DEPRECIATED
Account:Amount:
Account:Amount:
Account:Amount:
Account:Amount:
TOTAL:523,200
Net Expense less Revenue - (This must be zero)
Coming From:Contingency:
Other Expense:523,200
New Revenue:
TOTAL INCREASE 523,200
Reason for the Increase:
Signed:
Dept Head:Date:
CFO:Date:
Mayor:Date:
Approved by the City Council (*if necessary) on this Date:
*City Council approval required if:
1)$10,000 or more is taken from Contingency
2)$50,000 or more is a change in a Capital Purchase
3)New Full-time Regular personnel positions
4)Additional Full-time Regular personnel
5)New Types of Major Programs
#3 – Apply Stucco to Wall of Concrete Water Storage Reservoir #3: $75,600
#4 – Apply Architectural Coating to Wall of Concrete Water Storage Reservoir #3: $38,300
#5 – Apply Architectural Coating to Wall of Concrete Water Storage Reservoir #2: $37,300
There are also several bid alternate options that will need to be added to budget above if approved. They are:
Bids on this repair came back much higher than anticipated. The Budget was $250,000 and the low
Water
qualified bid was $773,200. The cash reserves are there to meet the increased cost if we move
forward and accept the bid. The Operating reserve as of 9/30/23 for water was $6.78 million