HomeMy WebLinkAboutAgenda Report - March 20, 1991 (65)♦ 1 4
CITY OF LODI
COUNCIL COMMUNICATION
AGENDA TITLE: Authorize Transfer of Funds Within The Electric Utility
Department's 1990-91 Fiscal Year Budget
MEETING DATE: March 20, 1991
PREPARED BY: Electric Utility Director
RECOMMENDED ACTION:
That the City Council authorize the transfer of funds in
the amount of S493,800 within accounts in the 1990-91
fiscal year Electric Utility Outlay Budget.
BACKGROUND INFORMATION: The above recommended transfers are necessary to fund
activities in three areas, as follows:
Near conclusion of activities within Industrial Substation as well as the
completion of the construction contract necessitates the transfer of funds
(S393,500) to the appropriate accounts for remaining expenditures. Funding
for this project has been provided on an 'as needed basis' from available
sources within the Department.
The Department's construction staff has been concentrating on completion of
the 60-kv transmission lines to Industrial Substation in this fiscal
period. This action requires a transfer of funds (S84,000) from other
scheduled projects all of which can be delayed without impact on the system.
Unanticipated expenditures for reconstruction of traffic signal loops at
the Lodi Avenue, Ham Lane underground construction project has caused an
overrun in the amount of 516,300. At this time funding is being provided
for this expenditure, as well, by appropriate transfers.
FUNDING: None required.
Henry J. Rice •
Electric Utility Director
Prepared by: Hans Hansen, Assist. Electric Utility Director
Attach.
cc: Assist. Electric Utility Director w/attach.
Finance Director w/attach.
fl
APPRpVED'`'� l� ,t44 -b
THOMAS A. PETERSON
City Manager
CC FUNDS/CO.COM
CC•I
EXHIBIT A
TRANSFER OF FUNDS March 20, 1991 Meeting
TO: 016.1-650.39 - 100 $ 3,250
016.1-650.40 - 200 250
- 300 50,000
016.1-650.41 - 100 7,000
- 300 33,000
" - 500 300,000
016.1-550.42 - 100 50,000
- 300 4,000
" - 500 30,000
016.1-655.06 - 100 800
- 500 15,500
FROM: 016.1-650.02 - 500 $ 9,500
016.1-650.11 - 500 7,000
016.1-650.23 - 100 99,800
" - 300 15,000
- 500 285,000
016.1-650.38 - 300 15,950
Il - 500 61,550
TRANSF3.20/TXTU.01D
EXHIBIT A
TRANSFER OF FUNDS March 20, 1991 Meeting
TO: 016.1-650.39 - 100 $ 3,250
016.1-650.40 - 200 250
" - 300 50,000
016.1-650.41 - 100 7,000
- 300 33,000
tt - 500 300,000
016.1-650.42 - 100 50,000
ii - 300 4,000
I.
- 500 30,000
016.1-655.06 - 100 800
" - 500 15,500
FROM: 016.1-650.02 - 500 $ 9,500
016.1-650.11 - 500 7,000
016.1-650.23 - 100 99,800
- 300 15,000
" - 500 285,000
016.1-650.38 - 300 15,950
II - 500 61,550
TRANSF3.20/TXTU.01D