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HomeMy WebLinkAbout1997-06-26 City CouncilCity of Palo Alto City Manager’s Report TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: ADMINISTRATIVE SERVICES DATE:JUNE 26, 1997 CMR:306:97 SUBJECT:UNANTICIPATED OVER_EXPENDITURE IN WATER & GAS CUSTOMER DESIGN AND CONNECTION SERVICES CAPITAL PROJECTS REQUEST: This is an informational report and does not require any Council action. EXECUTIVE SUMMARY: The City of Palo Alto Municipal Code places budgetary controls on capital improvement projects and does not allow additional appropriations to capital improvement projects without Council authority. There are two capital improvement projects in the water and gas utilities that provide design and connection services to customers. These projects are for the connection of water and gas service l~om private property to the mains in the street. The City is reimbursed approximately 75 percent of the costs for these services by the individual customers. The volume of new design and connection services is directly linked to new building construction, and remodeling activity and is very difficult to forecast accurately. During the current fiscal year, the number of service requests surpassed staff estimates, primarily because of the booming economy and a strong real estate market. Based upon the service requests received in the first half of the fiscal year, the Council approved additional funding for the two projects in the 1996-97 Midyear Financial Summary and Budget Amendment Ordinance (CMR: 167:97). However, the customer demand has remained stronger than what was anticipated at midyear. Consequently, in order to continue to meet the customer demand, the actual costs for Water System Extensions (8013) and Gas System Extensions (8017) are projected to exceed their approved budgets by $25,000 and $20,000, respectively, by the end of the fiscal year. This increase would bring the total expenditure budget for the Water System Extensions capital project to $222,000 and the Gas CMR:306:97 Page 1 of 2 System Extensions capital project to $380,000. The revenues associated with Design and Connection services will also exceed their budgeted targets, resulting in a minimal net fiscal impact. Since it is so close to the end of the fiscal year, staff proposes to include budgetary adjustments to correct these overexpenditures in the fiscal 1996-97 year-end Budget Amendment Ordinance (BAO). FISCAL IMPACT: The fiscal 1996-97 year-end BAO will include supplemental funding requests for Major Capital Projects 8013 & 8017 to cover cost overruns. PREPARED BY: . Tony Sandhu, Senior Accountant DEPARTMENT HEAD APPROVAL: Melis~a Cavallo Acting Director Administrative Services CITY MANAGER APPROVAL: Emi~ Harrison Assistant City Manager CC:n/a CMR:306:97 Page 2 of 2