HomeMy WebLinkAboutResolution 2017-094 Approving transfer funds for water line expenses -- Marana Estates area MARANA RESOLUTION NO. 2017-094
RELATING TO ADMINISTRATION- APPROVING THE TRANSFER OF UP TO $12500
IN BUDGETED EXPENSE AUTHORITY FROM THE WATER OPERA"I"ING FUND
SYSTEM REPAIRS AND EMERGENCY RESERVE LINE ITEMS IN THE FISCAL YEAR
2017-2018 BUDGET rI,,O THE WATER CAPITAL FUND CAPITAL CONSTRUCTION LINE
11"EM FOR EXPENSES RELATED TO THE REPLACEMENT OF WATER LINES WITHIN
THE MARANA ESTATES AREA
WHEREAS on June 209 2017, the Town Council adopted the fiscal year 2017-2018
budgetary document and overall financial plan which set the legal level of budgetary control. at
the department level for the General Fund and at the fund level for all other funds.; and
WHEREAS the Town Council desires to transfer budgeted expenditure authority in the
fiscal year 2017-2018 budget of up to $125,000 from the Water Operating Fund system repairs
and emergency reserve line items to the Water Capital Fund capital construction line item for
expenses related to the replacement of water lines within the Marana Estates area; and
WHEREAS transferring the budgeted expenditure authority from the Water Operating
Fund of up to $125,000 within fiscal year 20172018 will not significantly impact the Fund; and
WHEREAS reallocations of budgeted expenditure authority between line items are nec-
essary from time to time; and
--I
WHEREAS the Council finds that the reallocations addressed by this resolution are in the
best interest of the Town of Marana and its citizens.
NOW, r rHEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
TOWN OF MARANA, ARIZONA, AS FOLLOWS:
SECTION 1. The transfer of up to $125,000 in budgeted expenditure authority from the
Water Operating Fund system repairs and emergency reserve line items to the Water Capital
Fund capital construction line item for expenses related to the replacement of water lines within
the Marana Estates area is hereby approved.
SECTION 2. The Town's Manager and staff are hereby directed and authorized to un-
dertake all other and further tasks required or beneficial to carry out the terms, obligations, and
objectives ofthis resolution.
Marana Resolution No.2017-094
PASSED AND ADO.A�r ,Jl D B� rF E MAYOR AND COUNCIL F 1 HE TOWN OF
MARNA, ARIZONA, this 3rd day of October, 2017.
1
'r
Mayor Ed Hbnea
ATTEST: APPROV AS C_ ORM:
loCelyn . Bronson, Town Clerk raass* y, Town Att ney
MARANA AZ
FSTABi,ISHE1:) 1477
Marana ReSOILItion No.2017-094 - 2 -