HomeMy WebLinkAboutRes 137 - Transfer Appropr - Econ Dev 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 15,2014
Please see directions for completing this document on the next page.
DATE: December 8, 2014
FROM: Wayne Lowry ~,( Finance (541) 388-6559
TITLE OF AGENDA ITEM:
Consideration and signature of Resolution #2014-137, transferring appropriation from General Fund
Contingency to Materials & Services in the Economic Development Fund.
PUBLIC HEARING ON THIS DATE? NO
BACKGROUND AND POLICY IMPLICATIONS:
Consideration of Resolution #2014-137. The BOCC approved an increase in the transfer from the
General Fund to the Economic Development Fund from $40,000 to $140,000. In order to expend these
additional resources, it is necessary to transfer appropriation from the General Fund to the Economic
Development Fund.
FISCAL IMPLICATIONS:
An additional $100,000 will be expended.
RECOMMENDATION & ACTION REQUESTED:
Approval and signature of Resolution #2014-137.
ATTENDANCE: Wayne Lowry
DISTRIBUTION OF DOCUMENTS:
Wayne Lowry, Finance Department 388-6559
------
REVIEWED
LEGAL COUNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Transferring Appropriations *
Within the Various Funds of the 2014-2015 RESOLUTION NO. 2014-137 *
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 $ 100,000
TO: 105-0800-465.59-70 Deschutes County Economic Development Fund,
Loans Made $ 100,000
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, 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 I-RESOLUTION NO. 2014-137 (12115/14)
Lacy Nichols
From: Wayne Lowry
Sent: Monday, November 17, 2014 11 :35 AM
To: Lacy Nichols
Cc: Jeanine Faria
Subject: Budget Adjustment Economic Development Fund
Attachments: Appropriation Transfer Fund 001 (to Fund 105) .xlsx
Follow Up Flag: Follow up
Flag Status: Flagged
Lacy, please prepare a resolution to facilitate the attached budget adjustment for the next available Board agenda.
Thanks
Wayne Lowry, CPA I Finance Director/Treasurer Deschutes County
1300 NW Wall St., Ste. 200 I Bend, Oregon 97701-1906
Office: (541) 388-6559 Cell: (541) 788-0093 Wayne.Lowry@deschutes.org
1
Item
1
2
Line Number
(HTE 14 digit code)
001-4500-501.97 -01
105-0800-465.59-70
TOTAL
Deschutes County
Appropriation Transfer Request
Category
(Pers, M&S, Cap Out, Contingenc~)
Continency
Materials & Services
Description
(Element-Object, e.g.
Time Mgmt, Temp Help,
Computer Hardware)
Contingency
Loans Made
Current
Budgeted
Amount
7,282,394
187,167
7,469,561
To (From)
(100,000)
100,000
-
Revised
Budget
7,182,394
287,167
7,469,561
A transfer of appropriation is required for the following reason and will be used for the following purpose:
The BOCC approved an increase in the transfer from the General Fund to the Business Loan fund from $40,000 to $140,000. In order to
expend these additional resources, it is necessary to transfer appropriation (authority to expend) from the General fund to the Business
Loan Fund.
Fund:
Dept:
Requested by:
Date:
General Fund I Economic Development
Non-Dept I BOCC
Wayne LoWry
November 17, 2014
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