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HomeMy WebLinkAboutRes 095 - Transfer Appropr - Projects FundES ill -A o -t 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 June 29, 2011 Please see directions for completing this document on the next page. DATE: June 14, 2011 FROM: Marty Wynne Finance Phone # (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2011-095, transfer of appropriation in the Deschutes County Project Development & Debt Reserve Fund as well as transfer of appropriation from the General Fund to the General County Projects Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2011-095. The amount appropriated in the FY 2011 original budget is not sufficient for the actual cost of the Capital Outlay to be expended on real property for the North County Campus. It is necessary to transfer cash from the General County Projects Fund (142) to the Project Development & Debt Reserve Fund (140), which requires an increase in the Transfers Out category. As there is insufficient appropriation available in Fund 142, the authority to spend must be transferred from the General Fund. FISCAL IMPLICATIONS: A transfer of appropriation from Capital Outlay "Land Acquisition" and from Reserve for Future Expenditures to Capital Outlay "Building" of $800,000 is required. In addition, a transfer of appropriation from General Fund Contingency to General County Projects Fund Transfers Out for $1,500,000 is necessary. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2011-095. ATTENDANCE: Marty Wynne DISTRIBUTION OF DOCUMENTS: Marty Wynne, Finance Department 388-6559 Susan Ross, Property & Facilities 383-6713 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 2010-2011 * RESOLUTION NO. 2011-095 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: 140-0800-419.91-10 Deschutes County Project Development & Debt Reserve, Land Acquisition $ 300,000 FROM: 140-0800-521.98-51 Deschutes County Project Development & Debt Reserve, Reserve for Future Expenditures $ 500,000 TO: 140-0800-419.92-30 Deschutes County Project Development & Debt Reserve, Building $ 800,000 FROM: 001-4500-501.97-01 Deschutes County Non -Departmental, Contingency $1,500,000 TO: 142-0800-491.96-06 Deschutes County General County Projects, Transfers Out, To Project Dev Fund (140) $1,500,000 PAGE 1 OF 2-REs0LLTION NO. 2011-095 (06/29/11) 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, 2011. 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-REso[ u TION NO. 2011-095 (06/29/11) Lacy Nichols From: Susan Ross Sent: Thursday, June 09, 2011 4:19 PM To: Marty Wynne Cc: Lacy Nichols; Jeanine Faria Subject: Appropriation Transfers Attachments: Approp Transfer - fund 458.xls; Appropriation Transfer - funds 140 and 142.xls; Appropriation Transfer - fund 459.xls; Approp Transfer 001-2500.xls; Approp transfer 620.xls; Approp transfer 142.xls Marty, attached are several appropriation transfers that will be necessary to make sure we have enough authority to spend to the end of this fiscal year, to close out and transfer funds out of construction funds, and to facilitate the purchase of the Redmond building. Please let me know if you have any questions. Susan Ross Deschutes County Property & Facilities Director 14 N.W. Kearney Bend, Oregon 97701 ph. (541) 383-6713 fax (541) 317-3168 1 O 0 V) a) L U u) a) 0 A transfer of appropriation is required for the following reason and will be used for the following purpose: Capital Outlay O LI_ rn_ a) as L U C 7 N O° N a) (15 i 17) E C OL r (D O i— N (1) N a) 1 c 7) a) c O U) fn U O c fn c E 7-13O N N N O C y N O L . _ ` `J L O ac) uj 3y U 7 7 Q O (a E 'CrN a) o 0 y C v Cf) C D -0 rnU (N C -0D L 1- lL _O -t -0 C - au Z D a) = a) =U- -IT) 'rnyE cu o o > L N O C C .— 0 U •O L ,as Q as C C Q C O N Q N N7:2 O C Zcn = .— O N E a) v '� CD C C N 1_ Q . a) — a) 63 a)ici y N O -4- < U a) ^O 0 0 0 as a) /a) v D RS 9 a) E Q O a) a) 0 .) a) "(,.2 a u_ 172 a) a) CD Q 0 O Z 0 0 0 m Susan Ross June 8, 2011 Revised Budget O O O C O 800,000 1,423,2061 2,568,274 I 1,794,8331 TOTAL 7,286,313 - 7,286,313 To (From) (300,000) 800,000 (500,000) (1,500,000) 1,500,000 Current Budgeted Amount O co co _ O O ' 1,923,206 I- N (O O CO M 00 (3) N Description (Element -Object, e.g. Time Mgmt, Temp Help, Computer Hardware) c5 J rn c m Resrvd for Future Expenditures Contingency To Proj Dev Fund (140) Category (Pers, M&S, Cap Out, Contingency) Capital Outlay Capital Outlay Res for Future Exp Contingency Transfers Out Line Number (HTE 14 digit code) 140-0800-419.91-10 140-0800-419.92-30 140-0800-521.98-51 001-4500-501-97.01 142-0800-491.96-06 Y N CO In A transfer of appropriation is required for the following reason and will be used for the following purpose: Capital Outlay O LI_ rn_ a) as L U C 7 N O° N a) (15 i 17) E C OL r (D O i— N (1) N a) 1 c 7) a) c O U) fn U O c fn c E 7-13O N N N O C y N O L . _ ` `J L O ac) uj 3y U 7 7 Q O (a E 'CrN a) o 0 y C v Cf) C D -0 rnU (N C -0D L 1- lL _O -t -0 C - au Z D a) = a) =U- -IT) 'rnyE cu o o > L N O C C .— 0 U •O L ,as Q as C C Q C O N Q N N7:2 O C Zcn = .— O N E a) v '� CD C C N 1_ Q . a) — a) 63 a)ici y N O -4- < U a) ^O 0 0 0 as a) /a) v D RS 9 a) E Q O a) a) 0 .) a) "(,.2 a u_ 172 a) a) CD Q 0 O Z 0 0 0 m Susan Ross June 8, 2011