HomeMy WebLinkAboutReso 2014-047 - Wastewater Utilities Debt Service Resolution No. 2014-047
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE
20" AMENDMENT TO CITY BUDGET RESOLUTION NO. 2013-061
APPROPRIATING $1,105,074 IN FISCAL YEAR 2013-2014 and $358,510 IN FISCAL
YEAR 2014-2015 FOR THE WASTEWATER UTILITIES DEBT SERVICE
REQUIREMENTS
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
145 871 Wastewater—Debt Service .1,105,074
THAT account titles and numbers requiring adjustments by this Resolution are as follows:
USE SOURCE
OF FUNDS OF FUNDS
Fiscal Year Ending 2014
Decrease Beginning Balance
145-871-01-0001-01 Beginning Balance 1,105,074
Increase Expenditures
145-871-6734-01 State WRCB Loan Interest 25,000
145-871-6763-01 2002 Wastewater Bond Interest (263,866)
145-871-6786-01 2013 Wastewater Bond Interest 211,090
145-871-6934-01 State WRCB Loan Principal 39,100
145-871-6963-01 2002 Wastewater Bond Principal (391,250)
145-871-6986-01 2013 Wastewater Bond Principal 1,485,000
Total $ 1,105,074 $ 1,105,074
USE SOURCE
OF FUNDS OF FUNDS
Fiscal Year Ending 2015
Decrease Beginning Balance
145-871-01-0001-01 Beginning Balance 358,510
Increase Expenditures
145-871-6734-01 State WRCB Loan Interest 195,600 1
145-871-6763-01 2002 Wastewater Bond Interest (305,740)
145-871-6786-01 2013 Wastewater Bond Interest 271,850 a
145-871-6934-01 State WRCB Loan Principal 486,800
145-871-6963-01 2002 Wastewater Bond Principal (1,620,000)
145-871-6986-01 2013 Wastewater Bond Principal 1,330,000
Total $ 358,510 $ 358,510
THAT the purpose is to appropriate $1,105,074 in fiscal year 2013-2014 and $358,510 in fiscal year
2014-2015 for the Wastewater Utilities debt service requirements.
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 6th day of May, 2014, and was duly
adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Cadd,Jones, McArthur, Sullivan, &Bosetti
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
(t
RICK BOSETIT, Mayor
ATTEST: FORM APPROVAL:
PAMELA MIZE,•Cit Jerk RICHARD A. DUVERNAY, City Attorney