Friday, August 15, 2008

Correction To The April Imbalance

At the August 5 City Commission meeting, the commissioners approved 4-1 the payment to SME for $880,122. Of this amount, $110,819 was for the April "additional power".

There has been a substantial correction made to the April imbalance number. According to the $5,000 report on the August 19 consent agenda, the April additional power should only have been $10,040. Quite a difference.

And speaking of power payments, Coleen Balzarini will be explaining at next Tuesday's work session meeting how the payment process to SME works.

Maybe she will also clarify the $100,779 correction to April, because the corrected amount of $10,040 is also shown on the August 19 agenda as a wire transfer correction. Since the corrected amount has been accounted for in wire transfers, what about the incorrect one?

Click below to see the updated 2008 power payment worksheet.


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