HomeMy WebLinkAbout2005 03 28 Consent 202 Supplemental Appropriation for Fiscal Year 2004-2005 for the Bank Draft Utility Bill Payment Method (ACH debit
COMMISSION AGENDA
ITEM 202
CONSENT X
INFORMATIONAL
PUBLIC HEARING
REGULAR
March 28, 2005
Meeting
MGR IV IDEPT -@
Authorization
REQUEST: The Finance Department is requesting the City Commission authorize a
supplemental appropriation for fiscal year 2004-2005 in the amount of $2,200 for
the Bank Draft utility bill payment method (ACH debit) approved on August 23,
2004.
PURPOSE: The purpose of this Agenda item is to request the City Commission authorize a
supplemental appropriation in the amount of $2,200 for the Bank Draft utility bill
payment method approved on August 23, 2004.
CONSIDERATIONS: On August 23,2004, City Commission approved Consent Item 203, which
enacted a bank draft policy and authorized staff to work with the City Attorney to
create a bank draft authorization agreement form with appropriate legal disclaimers.
All the appropriate tests were completed for this service and by October 2004, the
bank draft policy and bank draft authorization form were mailed to all of our residents.
This new service was also mentioned in the City newsletter and web site.
Approximately 550 customers are now taking advantage of this service at a cost to the
City of approximately $150 per month. A supplemental appropriation is needed to pay
for this service.
FUNDING: Funding for the Bank Draft utility bill payment method will be paid for by the Water
and Sewer Utility Fund (3600). It is recommended that $200 per month be budgeted
for this service in anticipation of increased demand from current as well as future
customers.
RECOMMENDATION: It is recommended that the City Commission authorize a supplemental
appropriation in the amount of $2,200 from the Water and Sewer Utility Fund to the
Bank Services line code (3600-53411). Funding for these services will be placed in
the Fiscal Year 2005-2006 Budget submittal.
ATTACHMENTS: N/A
COMMISSION ACTION: