HomeMy WebLinkAboutReso 2018-037 - Amend Budget RESOLUTION NO. 2018-037
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE
29'AMENDMENT TO CITY BUDGET RESOLUTION NO. 2017-057 APPROPRIATING
$10,800,000 IN PROCEEDS FROM THE SALE OF CALIFORNIA CARBON
ALLOWANCES FOR THE FOLLOWING PROGRAM AREAS: (1) TRANSPORTATION
ELECTRIFICATION, (2) AFFORDABLE HOUSING ENERGY EFFICIENCY, (3)
ENERGY EFFICIENCY MEASURES, (4) LOW-INCOME ELECTRIFICATION, AND
(5) NON-MOTORIZED TRANSPORTATION FOR FISCAL YEAR 2017-18
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING
THAT Budget Resolution No. 2017-057 be and is hereby amended as follows:
FUND DIVISION DESCRIPTION INCREASE DECREASE
142 854 Transportation Electrification $2,000,000
142 854 Affordable Housing Energy $3,000,000
Efficiency
142 854 Energy Efficiency Measures $4,500,000
142 854 Low-Income Electrification $ 500,000
142 854 Non-Motorized Transportation $ 800,000
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 $ 2,579,760
142-851-1-0001-01 Beginning Balance $ 8,220,240
Increase Expenditures
142-854-8908-93 Transportation Electrification $ 2,000,000 7J
142-854-8908-95 Affordable Housing Energy Efficiency $ 3,000,000
142-854-8908-96 Energy Efficiency Measures $ 4,500,000
142-854-8908-97 Low-Income Electrification $ 500,000
142-854-8908-94 Non-Motorized Transportation $ 800,000
Total $ 10,800,000 $ 10,800,000
N
THAT the purpose is to appropriate $10,800,000 in proceeds from the sale of California carbon
allowances for the following program areas: (1) Transportation Electrification, (2) Affordable
Housing Energy Efficiency, (3) Energy Efficiency Measures, (4) Low-Income Electrification,
and (5) Non-Motorized Transportation for fiscal year 2017-2018.
I HEREBY CERTIFY that the foregoing resolution was introduced at a regular meeting of the
City Council of the City of Redding on the 17 day of April, 2018, and was duly adopted at said
meeting by the following vote:
AYES: COUNCIL MEMBERS: McElvain, Sullivan,Weaver, Winter, & Schreder
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
STENS REDER, Mayor
ATTEST: FORM APPROVAL:
PAMELA MI E, City Cle c ARRY E. 1 eWAL , City Attorney