Title
Amending the 2022 Saint Paul Regional Water Services budget resulting in an increase of $197,000 in spending and financing for certain 2021 Professional Services Agreements and the 2021 PFA Grant for Lead Service Line Replacement program.
Body
WHEREAS, in its 2021 budget, the Board of Water Commissioners did authorize spending for Professional Services Agreements for Master Plan-Pump Stations for $150,000, Historical Documentation of Plant for $35,000 and Lead Service Line Replacement program funded by PFA Grant for $250,000; and
WHEREAS, contracts for the Professional Services Agreements were not fully executed by the end of the fiscal year 2021 and not expended or encumbered; and
WHEREAS, the 2021 PFA Grant has remaining spending balance of $12,000 at year end 2021 and that amount is available to use in 2022 for additional projects; and
WHEREAS, the total amount needed for 2022 increase in spending is $197,000 which will be financed from use of fund balance and grant funds; and
WHEREAS, the Board of Water Commissioners approved Resolution No. 22-730 of the amendment to the 2022 Adopted Budget at the May 10, 2022 Water Board Meeting; 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 2022 Adopted Budget, resulting in an increase of spending and financing in the amount of $197,000 resulting in an amended 2022 Budget of $192,253,414 the details of such are attached, and does recommend approval by the Saint Paul City Council.
Financial Analysis
See Attachment