Authorize Transfer of Funds from Fiscal Year 2015 and 2016 Water and Sewer Equipment Capital Projects to Fiscal Year 2018 Water and Sewer Equipment Capital Projects in the Amount of $2,997,217.71 to Facilitate Equipment Purchases and Adopt Appropriation Ordinance (ALL COUNCIL DISTRICTS)

It is recommended that the City Council:

1.  Authorize the transfer of $2,997,217.71 from various Fiscal Year 2015 and Fiscal Year 2016 water and sewer capital equipment purchase projects to their Fiscal Year 2018 counterparts, with $882,471.54 transferred to the Water Vehicle/Equipment capital project and $2,114,746.17 transferred to the Sewer Vehicle/Equipment capital project; and

2.  Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Water Capital Projects Fund in the amount of $2,997,217.71.

The purpose of this Mayor and Council Communication (M&C) is to clean-up various capital water and sewer equipment projects from Fiscal Year 2015 and Fiscal Year 2016 by transferring appropriated but unspent balances to their corresponding Fiscal Year 2018 counterpart projects.

Having all of the equipment purchase funds in the same project will help facilitate Property Management's efforts to purchase equipment that is funded from resources involving both current and past fiscal years. As new equipment is identified for purchase, M&C's will be brought in the future to City Council for authority in accordance with state law and the City Code.