HomeMy WebLinkAboutReso 2020-033 - 29th Amendment to Buget Reso - Rebates to REU Customers RESOLUTION NO. 2020-033
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE
29TH AMENDMENT TO CITY BUDGET RESOLUTION NO. 2019-050
APPROPRIATING $2,222,250 FROM REDDING ELECTRIC UTILITY(REU)CAP AND
TRADE REVENUES WHICH WILL BE USED TO DISTRIBUTE REBATES TO ALL
REU CUSTOMERS FOR FISCAL YEAR 2019-20
BE IT RESOLVED BI THE CITY COUNCIL OF THE CITY OF REDDING
THAT Budget Resolution No. 2019-050 be and is hereby amended as follows:
FUND DIVISION DESCRIPTION INCREASE DECREASE
142 854 GHG Customer Distribution $2,222,250
THAT account titles and numbers requiring adjustments by this Resolution are as follows:
USE SOURCE
OF FUNDS OF FUNDS
Decrease in Cap and Trade Revenues
142-851-01-4400-01 Environmental Attributes S 2,222,250
Increase in GHG Customer Distribution
142-854-8908-90 GHG Customer Distribution $ 2,222250
Total $ 2,222,250 $ 2,222.250
THAT the purpose is to appropriate $2,222,250 from Redding Electric Utility(REU)Cap and Trade
Revenues which will be used to distribute rebates to all REU customers for fiscal year 2019-20.
I HEREBY CERTIFY that the foregoing resolution was introduced at a special meeting of the
City Council of the City of Redding on the 26th day of March,2020, and was duly adopted at said
meeting by the following vote:
AYES: COUNCIL MEMBERS: Dacquisto,Resner,Schreder,Winter,and McElvain
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
ADAM McELVAIN, Mayor
ATTEST: FORM APPROVAL:
PAMELA MISE City erk
A T, C`l� Atto