HomeMy WebLinkAboutReso 2017-033 - California Carbon Allowances RESOLUTION NO. 2017-033
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING
THE 70th AMENDMENT TO CITY BUDGET RESOLUTION NO. 2015-057
APPROPRIATING $6,500,000 IN PROCEEDS FROM THE SALE OF
CALIFORNIA CARBON ALLOWANCES FOR THE FOLLOWING PROGRAM
AREAS: (1) LOW INCOME ENERGY EFFICIENCY IMPROVEMENTS, (2)
SHADE TREES, (3) TRANSPORTATION ELECTRIFICATION, (4) LED
STREELIGHT UPGRADES, AND (5) NON-MOTORIZED TRANSPORTATION
FOR FISCAL YEAR 2016-17
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING
THAT Budget Resolution No. 2015-057 be and is hereby amended as follows:
FUND DIVISION DESCRIPTION INCREASE DECREASE
142 854 Low Income Energy Efficiency $2,000,000
142 854 Impry $500,000
142 854 Shade Trees $1,700,000
142 859 Transportation Electrification $2,000,000
142 854 LED Streetlight Upgrades $300,000
Non-Motorized Transportation
THAT account titles and numbers requiring adjustments by this Resolution are as follows:
USE SOURCE
OF FUNDS OF FUNDS
Increase Revenue
142-851-1-4400-01 Environmental Attributes $4,233,740
142-851-1-0001-01 Beginning Balance $2,266,260
Increase Expenditures
142-854-8908-91 Low Income Energy Efficiency Impry $2,000,000
142-854-8908-92 Shade Trees $500,000
142-854-8908-93 Transportation Electrification $1,700,000
142-854-8908-94 Non-Motorized Transportation $300,000
142-859-3810-01 LED Streetlight Upgrades $2,000,000
Total $ 6,500,000 $ 6,500,000
THAT the purpose is to appropriate $6,500,000 in proceeds from the sale of California Carbon
Allowances for the following program areas: (1) Low Income Energy Efficiency Improvements,
(2) Shade Trees, (3) Transportation Electrification, (4) LED Streetlight Upgrades and (5) Non-
Motorized Transportation for fiscal year 2016-2017.
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 18th day of April, 2017, and was duly
adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: McElvain, Schreder, Sullivan, Winter, & Weaver
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
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BRENT WEAVER, Mayor
ATTEST: FORM APPROVAL:
PAMELA41Mk 4( k /
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MI? , City Clerk BARRYdet17"-tee. ..
AT, ity Attorney