Posting Language
Title
Approve an ordinance amending the Fiscal Year 2025-2026 Austin Water Operating Fund (Ordinance No. 20250813-005) to increase transfers out to the Combined Utility Revenue Bond Redemption Fund by $16,633,211; and amending the Fiscal Year 2025-2026 Combined Utility Revenue Bond Redemption Fund (Ordinance No. 20250813-005) to increase transfers in by $16,633,211 and increasing appropriations by $16,633,211 to defease and redeem outstanding Water and Wastewater System Revenue Refunding Bonds. Funding: $16,633,211 in funding is available in the ending balances of the Fiscal Year 2025-2026 Austin Water operating funds. Related to Item #15.
De
Lead Department
Austin Water.
Fiscal Note
$16,633,211 in funding is available in the ending balances of the Fiscal Year 2025-2026 Austin Water operating funds. Reduction of these ending balance will maintain Austin Water's compliance with relevant City financial policies. Fiscal notes are attached.
Prior Council Action:
August 15, 2025 - Council approved Ordinance No. 20250813-005 adopting the Austin Water Operating Budget for the Fiscal Year 2025-2026.
For More Information:
Vicky Addie, Austin Water Program Coordinator at 512-974-0332 or Vicky.Addie@austintexas.gov.
Council Committee, Boards and Commission Action:
November 12, 2025 - Recommended by the Water and Wastewater Commission on a 9-0 vote with two absences.
Additional Backup Information:
This budget amendment is related to the defeasance item that would authorize Austin Water to pay off certain maturities of the City's outstanding Water and Wastewater System Revenue Bonds. A defeasance is a method of using available cash to pay off outstanding debt. The cash is placed in an escrow account held by a trustee to make principal and interest payments on the required payment date for the bonds being defeased until redemption or maturity. Once the defeasance is funded, the obligations payable from the escrow are no longer secured by or payable from...
Click here for full text