Title
FY2021 Budget Hearings
Recommended Action
Budget Adoption
Council could adopt the budget on April 20, 21, 27 or 28, 2020.
I move that Council adopt the FY2021 budget in the amount of $____________ as described in Attachment B, Summary of Changes from Proposed to Adopted Budget.
I further move that Council approve the following items related to the adoption of the FY2021 budget:
1. FY2021 Long Range Financial Projection as amended during budget hearing in Attachment B;
2. FY2020 Equipment Replacement List in Attachment F;
3. FY2020 Recurring Grants in Attachment H;
4. Summary of Pension Fund Administrative Costs in Attachment G;
5. FY2021 Schedule of Appropriations for Salary Adjustments in Attachment I; and
6. FY2021 Department of Public Utilities’ Schedule of Funds in Attachment J.
I further move that Council approve continuing appropriations in the FY2021 budget for the following items from the FY2020 budget:
a) all valid encumbrances outstanding at June 30, 2020;
b) all unexpended and unencumbered previously approved project budgets at June 30, 2020;
c) all unexpended and unencumbered previously approved Major Facilities Maintenance budget at June 30, 2020;
d) all unexpended and unencumbered previously approved Traffic & Streets Pavement Preservation budget at June 30, 2020;
e) the unexpended and unencumbered previously approved budget for Fire Mitigation; and
f) all unexpended and unencumbered grant budgets at June 30, 2020 that are permitted to be carried forward by their governing grant agreements.
I further move that per Code Ordinance 02-302, Section 40-63 (c)(12), Council approves redirecting the FY2019 DPU profit transfer in the amount of $829,634 within the Department of Public Utilities from Electric Distribution and Gas to Water Production for the purpose of 1) Rerouting Pajarito Road Water Transmission Line in FY2021 and 2) NM SR4 Water Production Pipeline in FY2022. I further move to approve Budg...
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