TITLE
Recommendation to adopt resolution increasing appropriations in the Water Fund (EF 310) in the Water Department (WA) by $1,500,000. (Citywide)
DISCUSSION
The Fiscal Year 2013-2014 Budget adopted by the Board of Water Commissioners by resolution WD-1308 on June 20, 2013 represented the planned expenditures and projected revenues needed to execute the Long Beach Water Department's (LBWD) mission. As part of this mission, LBWD purchases water from the Metropolitan Water District (MWD) for the seawater barrier which is operated by the Los Angeles County Department of Public Works. Additional water above budgeted levels was needed for the seawater barrier in Fiscal Year 2013-2014 and therefore purchased by LBWD. Costs for water purchased by LBWD for the seawater barrier is reimbursed by the Water Replenishment District of Southern California (WRD) and therefore these additional costs were 100% revenue offset.
TIMING CONSIDERATIONS
City Council action on this matter is required prior to the closing of the City's books for FY 14.
FISCAL IMPACT
To accurately reflect FY 14 year-end transactions the following action is requested:
• Increase appropriations in the Water Fund (EF 310) in the Water Department (WA) by $1,500,000 offset by additional revenues.
SUGGESTED ACTION
Approve recommendation.
BODY
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LONG BEACH APPROVING THE AMENDED AND RESTATED 2013-2014 BUDGET OF THE LONG BEACH WATER DEPARTMENT
Respectfully Submitted,
Kevin L. Wattier
General Manager