HomeMy WebLinkAboutReso 2015-055 - Wholesale Power PurchasesE
RESOLUTION NO. 2015-055
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A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING
THE 67`h AMENDMENT TO CITY BUDGET RESOLUTION NO. 2013-061
APPROPRIATING $3,500,000 TO COVER THE ESTIMATED ADDITIONAL
POWER PURCHASES DUE TO THE ONGOING DROUGHT AND REDUCED
ALLOCATIONS FROM OUR WESTERN AREA POWER ADMINISTRATION
HYDROELECTRIC CONTRACT THROUGH THE END OF FISCAL YEAR 2014-15
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING
THAT Budget Resolution No. 2013-061 be and is hereby amended as follows:
FUND DIVISION
DESCRIPTION
INCREASE
DECREASE
142 852
Wholesale Power Purchases
$3,500,000
THAT account titles and numbers requiring adjustments
by this Resolution are as follows:
None
USE
SOURCE
None
OF FUNDS
OF FUNDS
Increase Revenues
142-851-1-0001-01
Beginning Balance
$3,500,000
Increase Expenditures
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142-852-8555-86
Wholesale Power Purchases
$3,500,000
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FORM APPROVAL:
$3,500,000
$3,500,000
THAT the purpose is to appropriate $3,500,000 to cover the estimated additional power
purchases due to the ongoing drought and reduced allocations from our Western Area Power
Administration hydroelectric contract through the end of fiscal year 2014-2015.
I HEREBY CERTIFY that the foregoing Resolution was introduced and read at a regular
meeting of the City Council of the City of Redding on the 16th day of June, 2015, and was duly
adopted at said meeting by the following vote:
AYES:
COUNCIL MEMBERS:
Cadd, McArthur, Schreder, Weaver, & Sullivan
NOES:
COUNCIL MEMBERS:
None
ABSENT:
COUNCIL MEMBERS:
None
ABSTAIN:
COUNCIL MEMBERS:
None
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CZ-vN 1A LA
F n IE SULLIVAN, Mayor
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FORM APPROVAL:
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E, City. C r
Y E. e LT, City Attorney
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