Title
Amending the 2008 Capital Budget of Facilities Management to authorize the spending of additional grant money received from Focus on Energy.
Body
WHEREAS the City is committed to sustainability and strives to reduce its ecological footprint.
WHEREAS rising energy prices increase current and future operating expenses.
WHEREAS the 2008 Capital Budget of Facilities Management includes $180,000 for Energy Efficiency Improvements from General Obligation and $20,000 from other sources.
WHEREAS Facilities Management has used this money for the completion of energy efficiency measures with more than 10% Internal Rate of Return (IRR).
WHEREAS the City has received $73,450 in grant money from the Wisconsin Focus on Energy program for the energy efficiency measures it has completed.
NOW THEREFORE BE IT RESOLVED, that Facilities Management receives authority to spend the $ 53,450 grant money received from Focus on Energy that is above the originally budgeted $20,000 from other sources.
BE IT FURTHER RESOLVED, that this money be spent on energy efficiency measures with more than 10% Internal Rate of Return (IRR).
Fiscal Note
The budget amendment contained in this Resolution increases the budget authority in the Energy Efficiency Improvements capital project (Project 2, 810604) of the 2008 Capital Budget of Facilities Management. This additional authority will be funded by the increased Focus on Energy reimbursements received in 2008.
The Budget Amendment needed is as follows:
CB53-58401-810604 $53,450
CB53-73253-810604 ($53,450)
There is no impact on the levy or cost controls.