Fiscal Note
The proposed resolution amends the 2025 adopted operating budgets to appropriate $24,000 received from the Insurance Fund in 2024 to the Sewer Utility ($16,080) and Stormwater Utility ($7,920). The insurance funds are related to the loss of a sewer inspection camera and will be used to purchase replacement equipment.
Title
Amending the 2025 Sewer Utility and Stormwater Utility Operating Budgets for coverage from the Insurance Fund and authorizing the replacement of equipment vehicle destroyed in an accident.
Body
WHEREAS, in November 2024, a City of Madison Engineering Division sewer inspection camera was involved in an accident resulting in it being deemed a total loss; and
WHEREAS, the City of Madison’s Risk Manager has received $24,000 ($25,000 less $1,000 deductible) from WMMIC to cover the City’s loss; and
WHEREAS, the equipment was originally purchased with Sewer & Stormwater Utility funds.
NOW, THEREFORE, BE IT RESOLVED, that the 2025 Sewer Utility and Stormwater Utility Operating Budget is hereby amended by the amount of the insurance proceeds for the purchase of a replacement sewer inspection camera