20C - AA FOR METER INFRASTRUCTURE

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Approve Appropriation Adjustments Accepting BOR Funds for AMI Project November 17, 2020 Page 2 (Exhibit 1) are anticipated to be expended in future fiscal years during the full deployment of smart water meters citywide. To date, the City has received a total of $5,500,000 in grant funding for the AMI project. The balance of the project costs will be funded by the Water Enterprise's capital funds. These costs have been taken into account in the City's existing five-year water rate plan and no additional rate adjustments are necessary to deliver this project. Staff will continue to pursue additional grant funding opportunities to deliver this project efficiently. FISCAL IMPACT Approval of the requested appropriation adjustments will recognize $2,250,000 in grant funds. An amount of $1,200,000 in Bureau of Reclamation WaterSMART grant funds will be recognized into the Public Works Water Quality & Control Fund, Federal Grant -Direct revenue account (No. 16417002-52000), and appropriate the same amount into the Public Works Water Quality & Control, WaterSMART-Watershed Management Program, Reserve Appropriation expenditure account (No. 16417641-69011). An amount of $1,050,000 in prior year appropriation of Bureau of Reclamation WaterSMART grant funds will be appropriated into the Public Works Water Quality & Control Fund, Prior Year Carry Forward revenue account (No. 16417002-50001) and appropriating the same amount into the Public Works Water Quality & Control, WaterSMART-Watershed Management Program, Reserve Appropriation expenditure account (No. 16417641-69011) for future year expenditures. Fiscal Impact Verified By: Kathryn Downs, CPA, Executive Director— Finance and Management Services Agency Submitted By: Nabil Saba, P.E., Executive Director— Public Works Agency Exhibit: 1. Bureau of Reclamation Assistance Agreement No. R20AP00075 20Ci-2