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Harlingen Water Works board budget amendment approved to fund TMRS buyback
Summary
The commission approved an amendment requested by the Harlingen Water Works Board of Trustees to increase budget allocation by $323,331 to cover TMRS updated service credit and buyback costs, apportioned between water and wastewater operations.
The Harlingen City Commission approved a budget amendment requested by the Harlingen Water Works Board of Trustees to cover increased costs for a TMRS (Texas Municipal Retirement System) updated service credit and buyback for eligible employees.
Ron De La Garza, CFO for Harlingen Water Works, presented the request and said the board approved increasing the budget item by $323,331 to cover the buyback. He said the increase will be allocated $227,001.03 to the water program and $96,002.28 to the wastewater program. The commission voted to approve the amendment unanimously.
Staff did not present additional operating impacts during the meeting; the amendment was accepted as presented and will appear in Water Works' fiscal records.
