HomeMy WebLinkAboutRes 094 - Transfer Appropr - County ProjectsDeschutes County Board of Commissioners
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AGENDA REQUEST & STAFF REPORT
For Board Business Meeting of June 30, 2010
Please see directions for completing this document on the next page.
DATE: June 17, 2010
FROM: Marty Wynne Finance Phone # (541) 388-6559
TITLE OF AGENDA ITEM:
Consideration and signature of Resolution #2010-094, transfer of appropriation in the Deschutes
County General County Projects Fund.
PUBLIC HEARING ON THIS DATE? NO
BACKGROUND AND POLICY IMPLICATIONS:
Consideration of Resolution #2010-094, transfer of appropriation in the Deschutes County General
County Projects Fund. Due to lower interest rates over the past few years, Full Faith & Credit, Serie
2003 (Fund 535), does not have sufficient resources to make debt service payments. An increase in he
amount transferred from Fund 142 Transfers Out to Fund 535 is required.
FISCAL IMPLICATIONS:
A transfer of appropriation from Contingency to Transfers Out for $14,000 is required.
RECOMMENDATION & ACTION REQUESTED:
Approval and signature of Resolution #2010-094.
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. 2010-094
Deschutes County Budget and Directing Entries
WHEREAS, attached is an e-mail from the Finance Director requesting
appropriations, and
WHEREAS it is necessary to transfer appropriations within the Deschutes
accommodate the request; now therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS
COUNTY, OREGON, as follows:
Section 1.
FROM:
TO:
That the following transfers of appropriations be made:
142-0800-501.97-01
142-0800-491.96-56
a transfer )f
County Budget to
OF DESCHUTES
Deschutes County General County Projects,
Contingency $ 14,000
Deschutes County General County Projects,
FF & C Obligation Series 2003 $ 14,0 )0
Section 2. That the Finance Director make the appropriate entries in the Deschutes Couylty
Budget document to show the above appropriations.
DATED this th day of June, 2010.
ATTEST:
Recording Secretary
PAGE 1 OF 1 -RESOLUTION No. 2010-094 (6/30/10)
BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON
DENNIS R. LUKE, Chair
ALAN UNGER, Vice -Chair
TAMMY BANEY, Commissioner
Lac Nichols
From:
Sent:
To:
Cc:
Subject:
Attachments:
Jeanine Faria
Wednesday, June 16, 2010 1:42 PM
Marty Wynne
Lacy Nichols
Fund 142 Appropriation Transfer
Fund 535.xls
Fund 535.x1s (34
KB)
Marty,
Attached is the worksheet with the details of the increase in the Transfers Out catefory
in Fund 142. As we discussed, this transfer is necessary due to insufficient resour:es
projected to be in Fund 535 at June 30, 2010. A resolution authorizing this increas? in
category is necessary.
Thank you.
Jeanine Faria
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1,072,646
TOTAL 1,409,109 - 1,409,109
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Description
(Element -Object, e.g. Time Mgmt,
Temp Help, Computer Hardware)
FF&C Series 2003 (Fund 535)
Contingency
Category
(Pers, M&S, Cap Out,
Contingency)
Transfers Out
Contingency
Project
Code
Line Number
(HTE 14 digit code)
142-0800-491.96-56
142-0800-501-97.01
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