Title
A RESOLUTION AUTHORIZING A DONATION TO THE UTILITIES BOARD OF THE CITY OF FOLEY
Summary
Description of Topic: (who, what, where, when, why and how much)
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.**Request to Transfer Departmental Budget Dollars form must be attached**
_X___ Not budgeted requiring increase to account #_100-1012-6110 Grants-Public Purpose__________ in the amount of $__350,000_________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital - Departmental **Capital Purchase Worksheet form must be attached**
____ Budgeted under account #______________ for $_________ and described in budget as ________________________. Additional amount needed, if any: Increase in budget of $_________ OR, transfer of $________ from Account #____________ to Account #_____________**Request to Increase OR Request toTransfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #____________ requires budget increase of $_____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital Project - **If requesting to start a project, a Capital Project Worksheet form must be attached**
In current year Capital Projects Plan:
_____ Yes, described as __________________________, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________.
_____ Yes, requesting an increase of $___________ to an already approved project titled ________________________ that is being tracked under Account No. ___________________.
_____ No, requesting an increase of $__________ to an already approved project titled _______________________ that is being tracked under Account No. _________________.
Body
WHEREAS, the Utilities Board of the City of Foley is a public corporation which is organized as a separate corporation, but which is under the sponsorship of the City of Foley; and
WHEREAS, the City of Foley appoints the members of the Board of Directors of the Utilities Board of the City of Foley; and
WHEREAS, the City of Foley desires to donate $350,000 to the Utilities Board of the City of Foley to provide some financial assistance towards its water service capacity costs and expenses; and
WHEREAS, the City Council has found and determined that the donation by the City of the $350,000 to the Utilities Board of the City of Foley will promote and serve the public good;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Appropriates $350,000.00 to Account No. 100-1012-6110 Grants-Public Purpose.
SECTION 2: Approves the donation of $350,000 to the Utilities Board of the City of Foley and amends the budget accordingly.