Title
Amending the 2024 Regional Water Services budget resulting in an increase of spending and financing of $60,000 for postage fees.
Body
WHEREAS, the Board of Water Commissioners of the City of Saint Paul (“Board”) adopted its 2024 budget in September 2023; and
WHEREAS, Board staff has recognized the need for an increase of $60,000 in funding for postage fees due to submission of lead inventory. The MDH requires that notification be sent to all customers who have a lead and/or unknown service line; and
WHEREAS, the total amount needed for 2024 increase in spending is $60,000 which will be financed from use of fund balance; and
WHEREAS, the Board of Water Commissioners approved Resolution No. 24-1483 at its October 8, 2024 meeting; now, therefore, be it
RESOLVED, that the City Council of the City of Saint Paul, upon recommendation of the Mayor does hereby recommend amendment to its 2024 Adopted Budget, resulting in an increase of spending and financing of $60,000 to the 2024 Adopted Budget, resulting in an amended budget of $218,828,536 the details of such are attached, and does recommend approval by the Saint Paul City Council.
Financial Analysis
See Attachment.