NUMB:
981671
VERS:
ORIGINAL
REF:
XXBY:
THE CHAIR
TITL:
Resolution authorizing the Milwaukee Water Works to transfer funds from its Retained Earnings account to its Automatic Meter Reading (AMR) project account. (Water)
ANLS:
- Analysis -
This resolution authorizes expenditures for AMR water meters and transfers funds from the Water Works' Retained Earnings to the Water Works' Automatic Meter Reading project.
BODY:
Whereas, The Milwaukee Water Works is accelerating the conversion of water meters as part of its Automatic Reading project; and
Whereas, Additional meters and components need to be purchased earlier than anticipated to support this accelerated effort; and
Whereas, To accomplish this, funding authorization must also be accelerated; and
Whereas, Future funding authorization will be requested as needed to ensure a timely and phased completion of this project; now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee that the Milwaukee Water Works is authorized the following additional expenditures:
AMR water meters $3,000,000
and, be it
Further Resolved, That the Comptroller is hereby authorized and directed to transfer $3,000,000 from the Water Works Retained Earnings account, 0410 6410 312101, to the Water Works' AMR account: 0410 6410 006300 R645 for this purpose.
DFTR:
Milwaukee Water Works
DK:mwb
February 23, 1999
Doc: amraccel