Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
6/19/2017

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Jackie Huffman / Tim Kopacz

Subject:          Approve an Electric Budget amendment to allow for additional purchased power and electric sales


Because the rate of capital outlay placed in service in FY 2017 and additional usage among existing customers, the Town anticipates higher than budgeted purchased power and electric sales of approximately $1,100,000.  This amendment allocates additional electric purchased power expense and allocates the revenue associated with those electric sales. 


ACTION RECOMMENDED: 
Approve budget amendment. 
 
FINANCIAL IMPLICATIONS:
No impact to fund balance.