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HomeMy WebLinkAboutRes 049 - Transfer Appropr - School FundI I Deschutes 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 April 23, 2014 Please see directions for completing this document on the next page. DATE: Apri116,2014 FROM: Wayne Lowry ~{ Finance Phone # (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2014-049, transfer of appropriation in the County School Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2014-049. 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 $20,000 is necessary. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2014-049. ATTENDANCE: Wayne Lowry DISTRIBUTION OF DOCUMENTS: Wayne Lowry, Finance Department 388-6559 REVIEWED LEGAL COUNSEL For Recording Stam Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Transferring Appropriations * Within the Various Funds of the 2013-2014 * RESOLUTION NO. 2014-049 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: I Section 1. That the following transfers of appropriations be made: FROM: 001-4500-501.97-01 Deschutes County General Fund, Non-Departmental, Contingency $ 20,000 TO: 145-5400-480.70-70 Deschutes County School, Intergovernmental Expenditures, School District $ 20,000 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 April, 2014. -----~ BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON TAMMY BANEY, Chair ATTEST: ANTHONY DEBONE, Vice-Chair Recording Secretary ALAN UNGER, Commissioner PAGE I OF J-RESOLUTlONNO. 2014-049(04/23114) Lacy Nichols From: Cheryl L Circle Sent: Tuesday, April 15, 20141:31 PM To: Wayne Lowry Cc: Lacy Nichols; Jeanine Faria Subject: Appropriation Transfer Request -County School Attachments: County School Appropriation Transfer.04.14.xls Wayne As we discussed, with the County School Fund receiving more than was budgeted and anticipated from Forest Receipts, additional appropriation is needed, please find attached the Appropriation Transfer Request. Cheryl 1 Deschutes County Appropriation Transfer Request Item Line Number Item (HTE 14 digit code) 1 001-4500-501.97-01 2 145-5400-480.70-70 TOTAL Category Description (Pers, M&S, Cap Out, (Element-Object, e.g. Time Mgmt, Contingency) Temp Help, Computer Hardware) Contingency ContinQency School District School District Current Budgeted Amount To (From) 8,034,205 (20,000) 670,000 20,000 8,704,205 - I Revised Budget I 8,014,205 690,000 8,704,205 A transfer of appropriation is required for the following reason and will be used for the following purpose: With reauthorization of Secure Rural Schools additional resources have been received, in excess of what was estimated for the FY14 budget. Additional appropriation is required in order to distribute the proceeds to the School Districts. Fund: Dept: Requested by: Date: County School County School 4/15/14