Vote: adopted

Item Text

59. AMENDMENT TO FIVE-YEAR CAPITAL IMPROVEMENT PLAN FOR ESCO RECONCILIATION In accordance with A.R.S. 42-17106(B), authorize the following amendment to the Non Departmental (470) FY 2013 Budget and Five-Year Capital Improvement Program: a)Decrease the budget and expenditure authority in the General Fund County Improvement Fund (445) APS Energy Services ESCO Improvements Project (ESCO) by $795,126 from $2,929,566 to $2,134,440 for the reconciliation of funds spent in FY2012. The total project budget in this fund remains $15,364,358. b) Increase the budget and expenditure authority in the Non Departmental Grant Fund (249) Non Recurring/Non Project (0001) line for "Potential Expenditures from Fund Balance" by $795,126. c) Decrease the budget and expenditure authority in the Detention Fund Capital Projects Fund (455) Project Reserve (PRSA) by $841,952 from $36,052,052 to $35,210,100. d) Increase the budget and expenditure authority in the Detention Fund Capital Projects Fund (455) APS Energy Services ESCO Improvements Project (ESCO) by $841,952 from $460,451 to $1,302,403 for the reconciliation of funds underspent in FY2012. The total project budget in this fund remains $13,971,597. These actions do not alter the budget constraining the expenditure of local revenues duly adopted by the Board pursuant to A.R.S. 42-17105. (C-70-13-005-M-00)