ORDER-2022-144 : An Appropriation from Water Retained Earnings, account 6100-319000, in the amount of $570,098.10 (Five Hundred Seventy Thousand, ninety-eight dollars and ten cents) to various water accounts as set forth herein.

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▶ 2:05:25 Jen Grigoraitis: nine. Yes, so that will be recommended to the full Council. next we have ordered 2022-114 and appropriation from water retained earnings accounts 6100-319000 in the amount of 570,098.10 to various water accounts as set forth here in

▶ 2:05:46 Robb Stewart: Point of order Madam shirts order 2022-144. Sorry. Thank you for that.

▶ 2:05:57 Speaker 4: Well, thank you wish to share with us. Sure. So again,

▶ 2:05:59 Speaker 2: we talked about some of this at the last meeting. We alluded to some of this but the I did provide a memo dated, May 17th. That was from the entire Water and Sewer rate committee. And summarizes all of our requests including the rates and the retained earnings expenditures, but just to review what's included in that water. Um retained earnings request there is 200,000 to cover any potential Revenue shortfalls that came from this year because it was

▶ 2:06:36 Speaker 2: a very wet summer last summer our Revenue was down compared to what we expected. We've also been having a little bit of an issue with the banks in terms of how quickly the money is posting as we as we collect on the Water and Sewer bills for some reason, there's been a bit of a delay and so we're concerned that as we close out the fiscal year. If any of that delay impacts us having the revenue on the books for this fiscal year rather than having it pushed into the next fiscal year. We just want to make sure that our operating budget covers our Revenue requirement. So we're requesting you'll see the same item in a minute in sewer, but requesting 200,000 in each of water and sewer to go from the retained earnings and those respective funds back into the operating budget and then if that is not used then it just Right back into retained earnings when we close the fiscal year. So it's really just to stop Gap measure. We have no intent of spending, you know, if we push 200,000 in and then on June 25th, we realized we have 150,000 Surplus. We're not going to run out and spend that money. That's just gonna go. Close out the fiscal year and go back into retained earnings. So it's just a buffer. 28,298.10 is to fund the water Enterprise fund Reserves at our 10% goal. So back in 2016. I believe it was we hired our new rate Consultants from RAF Dallas. They recommended that at a minimum we should have 10% in reserves in each of the water and sewer funds and so that 10% is of our operating budget and so each year as our operating budget goes up a little we need Push in the the difference to get back up to that 10% So that's what this 28,298 10 reflects. And then we're requesting 91,800 towards the design of the Capital Improvements for the water system for both this year and next year reason being that we're and I mentioned this when we were talking about the loan order that you recently approved for the water Capital project from the mwra. This is the design for that same project plus next year's project. And the reason why we're doing two years which we don't normally do is so that we have shovel ready projects in the event that infrastructure Bill funding becomes available. It's going to require shovel ready projects. So we're putting that design together. And then finally 250,000 to supplement the water construction project for this calendar year again with the remainder funded through the mwra loan the way we work through our multi-year Rowan utility Improvement program is that we try to pair our work and National Grids work prior to Paving and so we have these four streets where National Grid did their work last year. And now we want to do the water work this year and we didn't quite have enough available through our mwra allocation. So we wanted to supplement that with the 250 rather than making one of those streets wait an extra year because they've already been dug up last year. So now they have pavement patches and we don't want to have them wait another year and then do water main and then pave the following year. That's just a really prolonged construction experience for the neighborhoods. So we decided to just push a little extra into this year's project and request the free cash.

▶ 2:10:06 Speaker 4: Thank you any questions.

▶ 2:10:12 Jen Grigoraitis: Counselor jimaldean Washington recommend second. We have a motion to recommend made by counselor Jamal Dean seconded by counselor Eccles any discussion

▶ 2:10:21 Speaker 4: seeing none Mr. Clerk. Can you please call the role?

▶ 2:10:25 Speaker 1: Mr. Yes counselor Eccles. Yes. Counsel. Gerepe. Yes Council Jamal Dean. Yes counselor Stewart. Yes Castle crime tree. Councilor Williams. Yes president sonella. Yes and Cherry Gardens. Yes. It's 9