Budget ‘true up’ expectedPublished 6:42pm Saturday, September 7, 2013
Washington’s 2012-2013 fiscal year ended June30, but that doesn’t mean all of the city’s equipment purchases, contracted services and projects planned for that fiscal year have been completed and paid for.
During its meeting Monday, the City Council will consider adopting a $1.5 million budget-amendment ordinance. The ordinance would be for outstanding 2012-2013 purchase orders that are being brought forward to the current fiscal year for payment.
Purchase orders issued late in a fiscal year often are carried over to the next fiscal year because the equipment and/or contracted services have not been bought or obtained in time to pay for them during the fiscal year in which the purchases orders were issued.
This practice is often referred to as a “true up” of the city’s financial books.
Among the purchase orders being carried over from 2012-2013 is one for $502,248, which covers various purchases for services and/or equipment by Washington Electric Utilities. Of that amount, $324,107 is for power line construction. The next largest amount is $329,022 in the city’s airport fund. That amount is for airport operations.
In other matters, the council will consider awarding a $46,500 contract to RedIron Associates LLC to expand Washington Electric Utilities’ equipment shelters so WEU does not have to store some of its equipment out in the open. The project calls for adding two storage bays. Exposure to the elements is damaging the equipment, according to a memorandum from Keith Hardt, WEU director, to the mayor and council.
The project is included in the city’s current budget.
The council meets at 5:30 p.m. Monday in the Council Chambers in the Municipal Building, 102 E. Second St. To view the council’s agenda for a specific meeting, visit the city’s website at www.washingtonnc.gov, click “Government” then “City Council” heading, then click “Meeting Agendas” on the menu to the right. Then click on the date for the appropriate agenda.