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Appropriation Adjustment for AMI SRF Loan <br />May 16, 2023 <br />Page 2 <br />FISCAL IMPACT <br />Approval of the requested appropriation adjustment will accept $10,117,365 in State <br />Revolving Fund funds into the Acquisition & Construction, Water Utility Water Division <br />Capital Expense, Financing Proceeds revenue account (No. 06617002-59301) for <br />current year expenditures, and Acquisition & Construction, Water Utility Water Division <br />Capital Expense, Reserve Appropriation revenue account (No. 06617002-59011) for <br />future fiscal year expenditures, and appropriates the same amount into the Acquisition <br />& Construction, Water Utility Capital Projects, Water Capital Project expenditure <br />account (No. 06617647-66301) for current year expenditures and Acquisition & <br />Construction, Water Utility Capital Projects, Reserve Appropriation expenditure account <br />(No. 06617647-69011) for future year expenditures. <br />Below is a breakdown of expected expenditures for the current and upcoming fiscal <br />year. <br />Fiscal <br />Accounting Unit <br />Fund <br />Accounting Unit, <br />Amount <br />Year <br />- Account # <br />Description <br />Account Description <br />Acquisition & <br />Water Utility Capital <br />2022-23 <br />06617647-66301 <br />Construction <br />Project, Water Capital <br />$1,000,000 <br />Project <br />Water Utility Capital <br />2023-24 <br />06617647-69011 <br />Acquisition & <br />Project, Reserve <br />$9,117,365 <br />Construction <br />Appropriation <br />Total: <br />$10,117,365 <br />EXHIBIT(S) <br />1. Construction Installment Sale Agreement <br />Submitted By: Nabil Saba, Executive Director of Public Works <br />Approved By: Kristine Ridge, City Manager <br />