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HomeMy WebLinkAboutRes 078 - Transfer Appropr - General ProjectsDeschutes 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 23, 2010 Please see directions for completing this document on the next page. DATE: June 4, 2010 FROM: Marty Wynne Finance Phone # (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2010-078, transfer of appropriation in the Deschutes County General County Projects Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2010-078, transfer of appropriation in the Deschutes County General County Projects Fund. The total cost to issue the FF&C 2010 A ARRA Recovery Zone bonds are projected to be $48,436.16. As no more than 2% of the bond proceeds can be used for Underwriter s Discount and cost of issuance, or $26,303.24, it will be necessary to transfer approximately $22,13 from the General County Projects Fund. FISCAL IMPLICATIONS: A transfer of appropriation from Contingency to Transfers Out for $22,133 is required. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2010-078. ATTENDANCE: Marty Wynne DISTRIBUTION OF DOCUMENTS: Marty Wynne, Finance Department 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 2009-2010 * RESOLUTION NO. 2010-078 Deschutes County Budget and Directing Entries * WHEREAS, attached is an appropriations, and e-mail from the Finance Director requesting a transfer of 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 DESCHUT COUNTY, OREGON. as follows: Section 1. FROM: TO: That the following transfers of appropriations be made: 142-0800-501.97-01 142-0800-491.96-10 Deschutes County General County Projects, Contingency $ 22, 33 Deschutes County General County Projects, Transfers Out $ 22,133 Section 2. That the Finance Director make the appropriate entries in the Deschutes Co .tnty Budget document to show the above appropriations. DATED this rd day of June, 2010. ATTEST: Recording Secretary PAGE 1 OF l -RESOLUTION NO. 2010-078 (6/23/10) BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON DENNIS R. LUKE, Chair ALAN UNGER, Vice -Chair TAMMY BANEY, Commissioner Lacy Nichols From: Jeanine Faria Sent: Monday, May 24, 2010 3:49 PM To: Marty Wynne Cc: Lacy Nichols Subject: Appropriation Transfer Attachments: Fund 142 Appropriation Transfer.xls Fund 142 ppropriation Transf. As part of the issuance of the Full Faith & Credit 2010A bonds, it will De necessary to transfer resources from Fund 142 General County Projects Fund to Fund 459 Secure Treatment Facility Capital Project Fund. Therefore, a resolution is required to authorize such transfer. Jeanine 1 a) N o � c O co � O U) E U o ) • c to a) < c° (D • ;r1-) • Op cri cfQ m c O Ea 1 `o o O � U a) O as w ua O •� (a -ago u) • C a) 0 OV ▪ (1)c O � c IV • N O O > fA o O EP_ I• X a) Q • cz as Q O o d c •-off a) T L ▪ FN) 0 • N o 0 am) "ts • u_ u as .co 0 c a)2 O • • a▪ ) ▪ o U O � 2 o -, co- U c — 0 co0 ID (5 2 O a) a) -c • F- o 11.3 a LL o a) 0 d 0 U a) a) (0 a) -c C 2 co co N N Efl 0 U O 4 c 0 U a) a) 0 0 0 O Revised Budget CO CO T N- N 1,064,5131 TOTAL 1,086,646 - 1,086,646 2 ()- `__ O H N N M N N Current Budgeted Amount CO d' (D co (6 Description 1 (Element -Object, e.g. Time Mgmt, Temp Help, Computer Hardware) 1Misc (Fund 459) a 0 c a) co c c4.--,-. 0 O CJ) a) ca 0 (Pers, M&S, Cap Out, Contingency) Transfers Out Contingeny Project Code Line Number (HTE 14 digit code) 142-0800-491-96-10 1142-0800-501-97_01 N T N a) N o � c O co � O U) E U o ) • c to a) < c° (D • ;r1-) • Op cri cfQ m c O Ea 1 `o o O � U a) O as w ua O •� (a -ago u) • C a) 0 OV ▪ (1)c O � c IV • N O O > fA o O EP_ I• X a) Q • cz as Q O o d c •-off a) T L ▪ FN) 0 • N o 0 am) "ts • u_ u as .co 0 c a)2 O • • a▪ ) ▪ o U O � 2 o -, co- U c — 0 co0 ID (5 2 O a) a) -c • F- o 11.3 a LL o a) 0 d 0 U a) a) (0 a) -c C 2 co co N N Efl 0 U O 4 c 0 U a) a) 0 0 0 O