TRNSF-2024-6 : Requesting Transfer of Funds from Department of Public Works' Various Snow and Ice Accounts (#423) and Sanitation Account (#433) to Various Facilities Accounts(#402) For Payment of FY24 Utility Bills

Transcript (~3 min @ 1:04:18)

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▶ 1:04:04 Robb Stewart: uh, for the motion to recommend to the full counsel by Council Williams seconded by President Elli under discussion. All in favor? Aye. Aye. Opposed? Okay. This will be coming to the full council. Thank you, Ms. Gardner. Thank

▶ 1:04:18 Speaker 6: You.

▶ 1:04:20 Robb Stewart: Transfer 2024 dash six requesting transfer of funds from Department of Public Works, various snow and ice accounts. Number 4 23 in sanitation, account number 4 33 to various facilities, accounts number 4 0 2 for payment of fiscal year 24 utility bills.

▶ 1:04:41 Speaker 2: Welcome back.

▶ 1:04:43 Speaker 1: Thank you. Um, in front of you is Memo that outlines our challenges with increased, uh, supply rates for our electric utility. Um, we have started preparing for this day more than a year and a half ago, knowing that it was coming, taking advantage of some energy savings measures and things like that. Uh, the current supply contract represents roughly a four and a half to 5 cent increase over the previous contract. And it was projected that it was approximately going to give us about a 400 and some odd dollar shortfall in fiscal 24, yet we had a level funded budget taking advantage of all of those energy savings measures. We find ourselves at the end of this fiscal year requesting a housekeeping transfer from various surpluses that we have experienced in this year's past snow and ice, as well as in the sanitation, and a far more advantageous, uh, recycling market that is allowed for a surplus in the solid waste of recycling operating budget. Thus in front of you is a request to transfer this monies from those two rollups into our utilities so that we can maintain and pay the remaining fiscal 24 utility electric bills.

▶ 1:06:06 Ryan Williams: Thank you. Council Williams. Hello. Um, so we're taking these, these savings and we're using him to pay the electricity bill, but it's just for this year, right? Correct. Correct. Okay. Okay. Um, and, and do you foresee a problem with the revenue coming in to cover electricity costs where in future years we're gonna have to be making

▶ 1:06:26 Speaker 1: Transfers? Well, these are our own city bills, so, um, this is a matter of, uh, budgeting. Yeah. Uh, this year, as you well are aware that we projected conservatively about a 20% increase. We're gonna continue to explore energy savings measures and, uh, projects at all of our municipal buildings and our schools to minimize our exposure to this, uh, higher rate. Uh, we're locked in and, uh, I'm confident that we'll be able to meet the goal for this year with our appropriated monies.

▶ 1:06:55 Ryan Williams: Okay. Um, and are your, are your projections in terms of covering the cost, they're based on the, the budget that we have in front of us, let's say for fiscal 25, right? Correct. Not the potential amended budget that may occur. Correct. If a vote passes, correct.

▶ 1:07:11 Speaker 1: Alright. And, and I, I personally look at it as a year long monitoring process. Yeah. So if we are seeing some sort of a shortfall, even back in or as soon as say, October or November, we'll try to pivot to make sure that our bottom line for the DPW, uh, is able to satisfy all of our expenses through the course of a fiscal year.

▶ 1:07:30 Ryan Williams: Okay. I appreciate that. Thank you very much, both of you.

▶ 1:07:35 Robb Stewart: What is Council Romanul Motion to recommend to the full council? Second, we have a recommendation to the full council. Five Council Romanow seconded by Council Williams under discussion.