Item 4: RCA- AE Weatherization Budget — original pdf

Backup

..De Posting Language ..Title Approve an ordinance amending the Fiscal Year 2020-2021 Austin Energy Operating Budget (Ordinance No. 20200812-001) to decrease the Austin Energy Operating Fund Ending Balance by $1,165,887 and increase the Conservation Rebates expenses by $1,165,887 to provide additional funding for the Austin Energy Weatherization Assistance Program. Lead Department Austin Energy Fiscal Note Fiscal note attached. Prior Council Action: August 12, 2020 – Council approved the Fiscal Year 2020-2021 Operating Budget. For More Information: Jeff Vice, Director, Local Government Relations (512) 322-6087; Sarah Chatterjee, Director, Energy Efficiency Services (512) 322-6138. Elaine Veselka, Interim Vice President, Customer Energy Solutions (512) 322-6667. Council Committee, Boards and Commission Action: May 13, 2021- To be reviewed by the Electric Utility Commission. May 18, 2021- To be reviewed by the Resource Management Commission. Additional Backup Information: Austin Energy is seeking approval of a budget amendment to provide additional appropriations and related funding for the Weatherization Assistance Program expenses that remained unspent during Fiscal Year 2019-2020. This roll-over of funds was a recommendation of a stakeholder group, the Low-Income Consumer Advisory Task Force. The Task Force initially recommended that the unspent funds be carried forward into the next fiscal year starting in 2015 and City Council has supported this recommendation in 2016, 2017 and 2018. There were no carryover funds in the Fiscal Year 2018-2019. The total unspent amount in Fiscal Year 2019-2020 for the Weatherization Assistance Program is $1,165,887. This recommendation is to allow for these unspent funds to be carried over to Fiscal Year 2020-2021. Strategic Outcome(s): Government That Works for All ..Strategic Outcome(s)