HomeMy WebLinkAbout2003-10-14 Agenda Packet - Board (19) r
i
-�;i
Public District
Memorandum
To: Board of Directors
From: Mary Chapman,Administrative Services Manager
Date: October 8, 2003
SUBJECT: Consideration of transfer from electric facilities fees funds to reimburse the electric general
fund
1. WHY THIS ITEM IS BEFORE THE BOARD - There have been several projects constructed
between 1998 and 1999 that were paid for out of the electric general fund yet qualified for facilities
fees reimbursement. Only the Board can authorize the expenditures of facilities fees from the
restricted fund.
2. HISTORY - Periodically we review our completed project list to identify which projects qualify for
facilities fees reimbursement. In our most recent review, we found several projects that met the
criteria where transfers were not done.
3. NEW INFORMATION - The following is a recap of how much is on deposit in the electric facilities
fees account:
Electric Department Facilities Fees balance @ 9130/03 $7&WV_51
Request for transfers:
WO #98-64107 Donner Pass Road @ Roundabout $ 95,219.75
WO #98-64117 Install primary & secondary-Jibboom Street 104,945.48
WO #99-64105 Install primary & secondary-Downtown Alley 94,270.31
Total Request for Transfer $294A3554
Attached is a list of the projects that have been constructed which qualify for reimbursement.
RECOMMENDATION: That the Board authorize staff to transfer$294,435.54 from the electric facilities
fees fund and reimburse the electric general fund.
Memo
To: Mary Chapman
From: Jim Wilson
Date: October 8, 2003
Subject: Facilities Fees
The following projects have been completed and qualify for facility fees:
• 98-64107 Donner Pass Road @ the Roundabout- $95,219.75 This project involved installing
underground conductor to create a stronger tie from T3 to T4 and a new tie from T3 to M3. This
was an increase in cable capacity.
• 98-64117 Install Primary and Secondary down Jibboom Street- $104,945.48 This project
involved installing underground conductor to create a stronger tie between T3 & T2. This was an
increase in cable capacity.
• 99-64105 Install Primary and Secondary in the Downtown Alley- $94,270.31 This project
involved installing underground conductor in the Downtown Alley increasing capacity and creating
a stronger tie from T2 to T3.
Total facility fee transfer: $294,435.54