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HomeMy Public PortalAbout14326 Rain & Flood Event Emergency Response & Recovery Fund Balance TransferORDINANCE NO. 14326 AN ORDINANCE, making a supplemental appropriation of Two Million Five Hundred Dollars ($2,500,000.00) to the General Insurance Fund to cover operating expenses incurred due to the December 2015 Rain and Flood Event Emergency Response and Recovery at the Fenton Wastewater Treatment Plant, the Grand Glaize Wastewater Treatment Plant, the Grand Glaize Maintenance Facility, the Missouri River Wastewater Treatment Plant, and various facilities, pump stations and collection system piping throughout the Metropolitan Sewer District Service Area; and transfer fund balances totaling Two Million Five Hundred Dollars ($2,500,000.00) from the General Fund (1101) to the General Insurance Fund (4105). WHEREAS, Ordinance No. 14117, as adopted June 18, 2015, appropriated the initial funding for operating expenses relating to the aforementioned treatment plants and the related collection system infrastructure, and WHEREAS, the Director of Finance has certified that there is an unencumbered balance in the above-named fund sufficient to pay the obligation authorized herein; NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of Two Million Five Hundred Dollars ($2,500,000.00) is hereby appropriated to the General Insurance Fund to cover operating expenses incurred due to the December 2015 Rain and Flood Event Emergency Response and Recovery at the Fenton Wastewater Treatment Plant, the Grand Glaize Wastewater Treatment Plant, the Grand Glaize Maintenance Facility, the Missouri River Wastewater Treatment Plant, and various facilities, pump stations and collection system piping throughout the Metropolitan Sewer District Service Area. Section Two. The total sum of Two Million Five Hundred Dollars ($2,500,000.00) is hereby transferred from the General Fund (1101) to the General Insurance Fund (4105) to cover operating expenses incurred due to the December 2015 Rain and Flood Event Emergency Response and Recovery at the Fenton Wastewater Treatment Plant, the Grand Glaize Wastewater Treatment Plant, the Grand Glaize Maintenance Facility, the Missouri River Wastewater Treatment Plant, and various facilities, pump stations and collection system piping throughout the Metropolitan Sewer District Service Area. Department Fund Amount Reason From: General Fund 1101 $2,500,000 Total Available for Funds Transfer $2,500,000 Department Fund Amount Reason To: General Insurance Fund 4105 $2,500,000 December 2015 Rain and Flood Event Emergency Response and Recovery Total Funds Needed $2,500,000 Section Three. This ordinance, being an appropriation ordinance, shall take effect immediately upon its enactment. The foregoing ordinance was adopted on February 11, 2016.