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File #: AO 20-27    Version: 1 Name:
Type: Administrative Order Status: Archived
In control: City Council
Final action: 7/8/2020
Title: Amending the 2020 Saint Paul Regional Water Services spending budget by reallocating capital funds to operating funds to pay approved class action lawsuit settlement agreement in the amount of $1,500,000.
Attachments: 1. BWC Resolution 20-728, 2. AO 20-27

Title

Amending the 2020 Saint Paul Regional Water Services spending budget by reallocating capital funds to operating funds to pay approved class action lawsuit settlement agreement in the amount of $1,500,000.

 

Body

WHEREAS, Resolution 20-118 was approved by the Board of Water Commissioners at its January 14, 2020 meeting authorizing and directing staff to issue customer credits and/or pay claimants, costs, and attorney fees in the total sum of $1,500,000; and

WHEREAS, in its 2020 capital budget, the Board of Water Commissioners did authorize capital spending of $1,500,000 for the Cope Tank Painting project that has been placed on hold; and

WHEREAS, the Board of Water Commissioners approved Resolution 20-728 on May 12, 2020 amending the 2020 spending budget of the Water Utility Fund; and

WHEREAS, reallocating $1,500,000 from capital funds to operating funds, will result in no net change to the 2020 Adopted Budget of $80,603,659; therefore via

ADMINISTRATIVE ORDER, consistent with the authority granted to the Mayor in Section 10.07.4 of the City Charter, and on the request of the Board of Water Commissioners to amend the 2020 budget in the spending budget of the Water Utility Fund, the Office of Financial Services is authorized to amend said budget in the manner as specified in the attached financial analysis.

 

Financial Analysis

See Attachment.

 

 

 

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