Pedernales Electric Cooperative – Board of Directors Meetings

File #: 2018-053    Version: 1 Name:
Type: Executive Session - Real Estate Matters Status: Passed
File created: 1/21/2018 In control: Board of Directors
On agenda: 2/19/2018 Final action: 2/19/2018
Title: Resolution - Approval of 2018 Capital Improvement Plan Budget Amendment for Facilities - E Dauterive

Title

Resolution - Approval of 2018 Capital Improvement Plan Budget Amendment for Facilities - E Dauterive

 

Other Info

Submitted By: Eddie Dauterive

Department: Safety and Support Services

Financial Impact and Cost/Benefit Considerations: This action would add an additional $125,800 to the Cooperative's 2018 CIP Budget.  This is a Major Variance under the Board's Budget Policy.

 

Discussion: The Board's Budget Policy requires a Budget Amendment when there is a Major CIP Variance (unfavorable) over $100,000 or 5% of the construction budget category.  As part of the construction of the furniture for the Johnson City Headquarters, the Board may consider adding an additional $125,800 for furniture facilities and construction. The expenditure is necessary to modify existing modular workstations for improvements in employee privacy, storage functionality and productivity. 

 

Body

BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE, that the Board approves an additional $125,800 to the Cooperative's 2018 Capital Improvement Plan Budget for Facility and Furniture Construction-related costs; and

 

BE IT FURTHER RESOLVED, that the Chief Executive Officer or designee is authorized to take all such actions as needed to implement this resolution.