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Meeting Date:	10/22/2018
Whitetail Wind Energey & Javelina Wind Energy Budget Balances 2017-2018
Submitted for:	Norma Renteria	Submitted By:	Norma Renteria
Department:	Water Utilities

Subject:

Discussion and possible action to approve the following carry over budget balances from 2017 fiscal year into the new 2018-2019 FY for the White Tail Energy and Javelina Wind Energy Tax Abatement Agreements; This action will have no impact on the County General Fund.

Whitetail Wind Energy
Capital Outlay	3861-7250-001-470000-030	$38,071.79
Javelina Wind Energy
Capital Outlay	3862-3140-001-470000	$2,957.00

Issue: End of the Year Balances are required to be carried over into the system in order to continue the availability of these funds during the new fiscal year.

Solution: The approval of this agenda item will enable the approved funds to be carried over into the 2018-2019 Fiscal Year.

Result: The approval of this agenda item will allow the continuation of these tax abatement funds.

Background:

Issue: End of the Year Balances are required to be carried over into the system in order to continue the availability of these funds during the new fiscal year.

Solution: The approval of this agenda item will enable the approved funds to be carried over into the 2018-2019 Fiscal Year.

Results: The approval of this agenda item will allow the continuation of these tax abatement funds.

Previous Court Action:

11.

AI-6871

Discussion and possible action to approve the following carry over budget balances as of September 2017 into October 2017 for the Whitetail Wind Energy and Javelina Wind Energy Tax Abatement Agreements; this action will not have impact on the County General Fund.

Whitetail Wind Energy
Capital Outlay	3861-7250-001-470000-030	$130,066.59

Javelina Wind Energy
Capital Outlay	3862-3140-001-470000	$2,957.00

Issue: Newly implemented procedures require year-end balances to be carried over and entered into the system in order to continue the availability of these funds during the new fiscal year.

Solution: The approval of this agenda item will enable the approved funds to carry over into the 2017-2018 fiscal year.

Result: The approval of this agenda item will allow the continuation of these tax abatement funds.

Motion by Commissioner, Pct. 3 John C. Galo, seconded by Commissioner, Pct. 1 Jesse Gonzalez

Vote: 5 - 0 Motion Carried

Fiscal Impact

Budget Account Number:	N/A
Funding Source:	N/A
Balance:	N/A
Financial Impact:
N/A