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Title
Approve an ordinance amending the Fiscal Year 2026-2027 Austin Water Operating Budget (Ordinance No. 20260812-007) to increase transfers in from the Capital Improvement Plan by $9,200,000 and increase transfers out to the Combined Utility Revenue Bond Redemption Fund by $9,200,000; and amending the Fiscal Year 2026-2027 Combined Utility Revenue Bond Redemption Fund (Ordinance No. 20260812-007) to increase transfers in and appropriations by $9,200,000 to defease and redeem outstanding Water and Wastewater System Revenue Refunding Bonds. Funding: $9,200,000 is available in the Capital and Operating Budgets of Austin Water. Related to Item #10.
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Lead Department
Austin Water.
Fiscal Note
Funding in the amount of $9,200,000 is available in the Fiscal Year 2026-2027 Capital and Operating Budget of Austin Water. Reduction of these ending balances will maintain Austin Water’s compliance with relevant City financial policies. Fiscal notes are attached. Related to Item #26-3022.
Prior Council Action:
August 12, 2026 – Council approved Ordinance No. 20260812-007 adopting the Austin Water Operating Budget for Fiscal Year 2026-2027.
For More Information:
Vicky Addie, Austin Water Program Coordinator, vicky.addie@austintexas.gov; 512-972-0332.
Council Committee, Boards and Commission Action:
November 10, 2026 – To be reviewed by the Water and Wastewater Commission.
Additional Backup Information:
This budget amendment is related to a defeasance item on this same Council agenda that will 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 long...
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