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HomeMy WebLinkAboutRes 023 - Transfer Appropr - Non-Dept - Gen FundDeschutes County Board of Commissioners 1300 NW Wall St., Suite 200, Bend, OR 97701-1960 (541) 388-6570 -Fax (541) 385-3202 -www.deschutes.org AGENDA REQUEST & STAFF REPORT For Board Business Meeting of March 27, 2013 Please see directions for completing this document on the next page. DATE: March 20, 2013 FROM: Marty Wynne Finance (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2013-023, transfer of appropriation within the Non-Departmental category of the General Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2013-023. Due to the continuing impact of the economy, additional resources are required in the Fair & Expo Operating Fund. The FY 2013 budget included an appropriation to transfer to the Fair & Expo Reserve Fund (617). This will instead be transferred to the Fair & Expo Operating Fund (618). Also, an additional $50,000 will be transferred from the General Fund for Fair & Expo Operations. FISCAL IMPLICATIONS: A transfer of appropriation from the Contingency and Transfers Out to Transfers Out for $50,000 is required. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2013-023. ATTENDANCE: Marty Wynne DISTRIBUTION OF DOCUMENTS: Marty Wynne, Finance Department 388-6559 Tom Anderson, Board of County Commissioners 388-6565 Dave Inbody, Board of County Commissioners 322-7697 REVIEWED LEGAL COUNSEL For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Transferring Appropriations * Within the Various Funds of the 2012-2013 * RESOLUTION NO. 2012-023 Deschutes County Budget and Directing Entries * WHEREAS, attached is an e-mail requesting a transfer of appropriations, and WHEREAS it is necessary to transfer appropriations within the Deschutes County Budget to accommodate the request; now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, as follows: Section 1. That the following transfers of appropriations be made: FROM: 001-4500-501.97-01 Deschutes County General Fund, Non-Departmental, Contingency $ 50,000 FROM: 001-4500-491.96-84 Deschutes County General Fund, Non-Departmental, Transfers Out, Fair & Expo Reserve (617) $ 100,000 TO: 001-4500-491.96-48 Deschutes County General Fund, Non-Departmental, Transfers Out, Fair & Expo (618) $ 150,000 Section 2. That the Finance Director make the appropriate entries in the Deschutes County Budget document to show the above appropriations. DATED this _____th day of March, 2013. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ALAN UNGER, Chair ATTEST: TAMMY BANEY, Vice-Chair Recording Secretary ANTHONY DEBONE, Commissioner PAGE I OF I-RESOLUTION NO. 2013-023 (03127/13) Lacy Nichols From: Jeanine Faria Sent: Friday, March 01, 2013 9:40 AM To: Tom Anderson Cc: Marty Wynne; Teri Maerki; Lacy Nichols; Dan Despotopulos Subject: General Fund Transfer to Fair & Expo Center Attachments: Appropriation Transfer Fund 001 Dept 45 for F &E.xls Tom, Attached is an Excel file which has been prepared as documentation for the appropriation transfer required for the transfer of additional resources from the General Fund to the Fair & Expo Center Fund in FY 2013. Separately, a supplemental budget will be prepared to create a "Transfer Out" category in the Fair & Expo Reserve Fund, so that $50,000 can be transferred from the Reserve Fund to the Operating Fund by June 30, 2013. Please review and amend the Excel schedule as necessary then attach it to an email to Marty, with a copy to Lacy, requesting that Finance prepare a resolution for the BOCC's approval. Please contact me with any questions. Jeanine 1 Deschutes County Appropriation Transfer Request Line Number Item (HTE 14 digit code) 1 001-4500-501.97-01 2 001-4500-491-96.48 3 001-4500-491-96-84 TOTAL Category Description (Pers, M&S, Cap Out, (Element-Object, e.g. Time Mgmt, Contingency) Temp Help, Computer Hardware) Contingency Contingency Transfers Out Fair & Expo (Fund 618) Transfers Out Fair & Expo Reserve (Fund 617) -----­------­------­ Current Budgeted Amount 7,599,178 170,000 100,000 _____~7,869,178 Revised To (From) Budget (50,000) 7,549,178 150,000 320,000 (100,000) - -7,869,178 • A transfer of appropriation is required for the following reason and will be used for the following purpose: Due to the continuing impact of the economy, additional resources are required in the Fair & Expo Operating Fund. The FY 2013 budget included an appropriation to transfer $100,000 to the F&E Reserve Fund. This will instead be transferred to the F&E Operating Fund. Also, an additional $50,000 will be transferred from the General Fund for F&E Operations. Fund: Dept: Requested by: Date: General Fund Non-Departmental Tom Anderson February 28, 2013