RECOMMENDATION TO COUNCIL
Staff is recommending the City Council, acting as the Roseville Natural Gas Financing Authority, approve the attached resolution adopting the Roseville Natural Gas Financing Authority's FY2020-21 budget.
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BACKGROUND
Attached is the Roseville Natural Gas Financing Authority budget for FY2020-21. The debt expense of $16,818,750 represents principal and interest payments on the 2007 Gas Revenue Bonds, which financed the prepayment of natural gas used for power generation at the Electric Department's Roseville Energy Park.
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FISCAL IMPACT
The budget document provides a financial summary of the Roseville Natural Gas Financing Authority. There is no fiscal impact to report.
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ENVIRONMENTAL REVIEW
The California Environmental Quality Act (CEQA) does not apply to activities that will not result in a direct or reasonably foreseeable indirect physical change in the environment (CEQA Guidelines section 15061(b)(3)). This budget adjustment does not include the potential for a significant environmental impact, and therefore is not subject to CEQA.
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Respectfully Submitted,
Nick Rosas, Accounting Supervisor
Dennis Kauffman, Assistant City Manager/Chief Financial Officer |
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Dominick Casey, City Manager
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