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HomeMy WebLinkAboutRes 112 - Transfer Appropr - School 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 December 11,2013 Please see directions for completing this document on the next page. DATE: December 4, 2013 FROM: Wayne Lowry ~<Finance Phone # (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2013-112, transfer of appropriation in the County School Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2013-112. With reauthorization of Secure Rural Schools, it is anticipated that additional resources, in excess of what was estimated for the FY 2014 budget, will be received. Additional appropriation is required in order to distribute the proceeds to the School Districts. FISCAL IMPLICATIONS: A transfer of appropriation from the General Fund Contingency category to the County School Fund Materials & Service category for $275,000 is necessary. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2013-112. ATTENDANCE: Wayne Lowry DISTRIBUTION OF DOCUMENTS: Wayne Lowry, Finance Department 388-6559 REVIEWED LEGAL COUNSEL For BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Transferring Appropriations * Within the Various Funds of the 2013-2014 RESOLUTION NO. 2013-112 * Deschutes County Budget and Directing Entries * WHEREAS, attached is an e-mail from the Finance Department 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 $275,000 TO: 145-5400-480.70-70 Deschutes County School, Intergovernmental Expenditures, School District $275,000 Section 2. That the Finance Director make the appropriate entries in the Deschutes County Budget document to show the above appropriations. DATED this _____... day of December, 2013. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ALAN UNGER, Chair ATTEST: TAMMY BANEY, Vice-Chair Recording Secretary ANTHONY DEBONE, Commissioner PAGE 1OF I·RESOLUTION NO. 2013-112 (12/11/13) Lacy Nichols From: Cheryl L Circle Sent: Friday, October 11,20139:29 AM To: Wayne Lowry Cc: Lacy Nichols Subject: Appropriation Transfer Request -County School Attachments: County School Appropriation Transfer. 1 0.13xls.xls Wayne As we discussed, with the County School Fund slated to receive higher Forest Receipts than budgeted, please find attached the Appropriation Transfer Request. I checked with Chris Doty and he indicated for the Road Department that these funds will not be expended in the current FY, so he does not anticipate needing additional spending authorization. Cheryl 1 .~~;:".,.;.~.____ _'" T'l:_~~-i<>iO"'"''''''--_ .... --.. ;M;>;'II<m" ____ ~ ___ ,~.~j;=_. ____ . I Item Line Number (HTE 14 digit code) Item 001-4500-501.97-011 2 145-5400-480.70-70 TOTAL Deschutes County Appropriation Transfer Request Category (Pers, M&S, Cap Out, Contingency) Contingency School District Description (Element-Object, e.g. Time Mgmt, Temp Help, Computer Hardware) Contingency School District Current Budgeted Amount 8,560,855 395,000 8,955,855 To (From) (275,000) 275,000 - Revised Budget 8,285,855 670,000 8,955,855 A transfer of appropriation is required for the following reason and will be used for the following purpose: With reauthorization of Secure Rural Schools it is anticipated that additional resources, in excess of what was estimated for the FY14 budget, will be received. Additional appropriation is required in order to distribute the proceeds to the School Districts. Fund: Dept: Requested by: Date: County School County Schoo! 10/11/13