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HomeMy WebLinkAboutRes 082 - Transfer Appropr - Room Tax 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 June 16,2014 Please see directions for completing this document on the next page. DATE: June 3, 2014 FROM: Wayne Lowry Finance Phone # (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2014-082, transfer of appropriation to the Transient Room Tax and Transient Room Tax 1% Fund from General Fund Contingency. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2014-082. Room Tax collections are estimated to be higher than budgeted. The additional resources will be paid to COVA, the Law Enforcement District #2 (Rural) Fund and the Fair & Expo Center Fund from the Transient Room Tax and Transient Room Tax - 1% Funds. In addition, personnel costs will exceed what was anticipated at the time of the FY 2014 budget. FISCAL IMPLICATIONS: A transfer of appropriation from General Fund Contingency to the Transient Room Tax Fund and the Transient Room Tax 1% Fund for Personnel & Materials & Services for $830,000 is necessary. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2014-082. ATTENDANCE: Wayne Lowry DISTRIBUTION OF DOCUMENTS: Wayne Lowry, Finance Department (541) 388-6559 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 2013-2014 RESOLUTION NO. 2014-082 * 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 $ 830,000 TO: 160-9400-415.10-18 Deschutes County Transient Room Tax, Finance Director/Treasurer $ 2,350 TO: 160-9400-415.18-72 Deschutes County Transient Room Tax, Time Management $ 550 TO: 160-9400-465.70-35 Deschutes County Transient Room Tax, Central Oregon Visitors Assoc. $ 142,000 TO: 160-9400-415.59-17 Deschutes County Transient Room Tax, Tax, Law Enforcement District 2-Rural $ 564500 TO: 170-9400-465.10-18 Deschutes County Transient Room Tax - 1 %, Finance Director/Treasurer $ 500 TO: 170-9400-465.18-72 Deschutes County Transient Room Tax -1%, Time Management $ 100 TO: 170-9400-465.70-35 Deschutes County Transient Room Tax Central Oregon Visitors Assoc. 1%, $ 72,000 TO: 170-9400-491.96-48 Deschutes County Transient Room Tax - 1 %, Fair & Expo Center (618) $ 48,000 PAGE I OF 2-RESOLUTION NO. 2014-082 (06116/14) 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 June, 2014. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON TAMMY BANEY, Chair ATTEST: ANTHONY DEBONE, Vice-Chair Recording Secretary ALAN UNGER. Commissioner PAGE 2 OF 2·RESOLUTION NO. 2014·082 (06/16/14) Lacy Nichols From: Cheryl L Circle Sent: Wednesday, May 21,20149:59 AM To: Wayne Lowry Cc: Jeanine Faria; Lacy Nichols Subject: Appropriation Transfer Request -Room Tax Attachments: Appropriation_Transfers 0514.est.xls Wayne, As a result of our recent conversation regarding room tax collections being higher than budgeted, please find attached the Appropriation Transfer Request. Cheryl 1 Deschutes County Appropriation Transfer Request line Number Project Item (HTE 14 digit code) Code 1 160-9400-415.10-18 1 160-9400-415.18-72 3 160-9400-465.70-35 4 160-9400-415.59-17 5 170-9400-465.10-18 6 170-9400-465.18-72 7 170-9400-465.70-35 8 170-9400-491.96-48 10 001-4500-501.97-01 TOTAL Category Description (Pers, M&S, Cap Out, (Element-Object, e.g. Time Mgmt, Contingency) Temp Help, Computer Hardware) Personnel Salaries and Wages Personnel Time Management Materials & Services Central Or Visitors Assoc Materials & Services Law Enforcement Dist 2 Rural Personnel Salaries and Wages Personnel Time Management Materials & Services Central Or Visitors Assoc Materials & Services Fair & Expo Center Contingency Contingency Current Budgeted Amount To (From) 6,035 2,350 -550 537,154 142,000 2,274,297 564,500 1,006 500 -100 283,733 72,000 189,156 48,000 8,001,105 (830,000) 11,286,451 - Revised Budget 8,385 550 679,154 2,838,797 1,506 100 355,733 237,156 - 7,171,105 11,284,101 A transfer of appropriation is required for the following reason and will be used for the following purpose: Room Tax collections are estimated to be higher than budget. The additional resources will be paid to COVA, Sheriffs Office, Fair and Expo. Also, the personnel costs are higher than originally budgeted; therefore, additional appropriation is required. Fund: Transient Room Tax & Welcome Center I Dept: Finance Requested by: Date: __.....__.~''''I'<'t<~,4Jj., ¥XA4 '!J\I!?!l*; )t.Hi;.' \9Y"'!,J,,'lIb.q,",.Willlj Hit 1l\i$i4iN ~~~,.iMi(4!i!'1I'~'II'''""",'''',,~'''''!hft;''.i4,jt ¥AA1ii,i!'m_"qI' "'4,M JI"",iI'",",,I'1' ~ ;\"M~a,4;4 ,\1V:mM$(.(*Wt'i,~""<I/M!tliJir~ 1M ~~".~I'''':OM!''l!'_'''''''''''''~'