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HomeMy WebLinkAboutRes 003 - Transfer Appropr - Welcome CenterDeschutes 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 February 11, 2009 Please see directions for completing this document on the next page. DATE: February 3, 2009 FROM: Marty Wynne Finance Phone # (541) 388 -6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2009 -003, transfer of appropriation in the Welcome Center Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2009 -003, transfer of appropriation in the Welcome Center Fund. Resources in the Welcome Center Fund in excess of those required for the debt service on the Welcome Center will be transferred to the Fair and Expo Reserve Fund. A transfer of appropriation from the Contingency category to the Transfers Out category is required. FISCAL IMPLICATIONS: A transfer of appropriation from Contingency in the amount of $57,384 is necessary. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2009 -003. ATTENDANCE: Marty Wynne DISTRIBUTION OF DOCUMENTS: Marty Wynne, Finance Department 388 -6559 REVIEWED LEGAL COUNSEL For Recording Stam BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Transferring Appropriations Within the Various Funds of the 2008 -2009 * RESOLUTION NO. 2009 -003 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 o accommodate the request; now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTI ;S COUNTY, OREGON, as follows: Section 1. That the following transfers of appropriations be made: FROM: 170- 9400 - 501.97 -01 Deschutes County Welcome Center, Transient Room Tax, Contingency $57,384 TO: 170 - 9400 - 491.96 -16 Deschutes County Welcome Center, Transfers Out, Reserve Fund $57,384 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 February, 2009. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON TAMMY BANEY, Chair ATTEST: DENNIS R. LUKE, Vice -Chair Recording Secretary ALAN UNGER, Commissioner PAGE 1 OF 1- RESOLUTION NO. 2009-003 (2/11/09) Lacy Nichols From: Jeanine Faria Sent: Monday, January 05, 2009 10:25 AM To: Marty Wynne Cc: Lacy Nichols Subject: Appropriation Transfer Attachments: Fund 170 Appropriation Transfer.xls Fund 170 )propriation Transfe The additional resources received in the Welcome Center fund will be transferred from the Welcome Center fund to the Fair & Expo Reserve fund. This requi :es an appropriation transfer. Please prepare the necessary resolution. Thank you. Jeanine 1 Deschutes County Appropriation Transfer Request A transfer of appropriation is required for the following reason and will be used for the following purpose: Resources in the Welcome Center Fund in excess of those required for the debt service on the Welcome Center will be transferred to the Fair & Expo Center Reserve fund. Fund: Dept: Requested by: Date: 170 Transient Room Tax Marty Wynne 1/5/2009 Line Number Category Description Item (HTE 14 digit code) Project Code (Pers, M &S, Cap Out, Contingency) (Element- Object, e.g. Time Mgmt, Temp Help, Computer Hardware) Current Budgeted Amount To (From) Revised Budget 1 170 - 9400 - 501.97 -01 Contingency Contingency 57,384 (57,384) - 2 170 - 9400 - 491.96 -16 Transfers Out Transfer to F & E Reserve - 57,384 57,384 TOTAL 57,384 - 57,384 A transfer of appropriation is required for the following reason and will be used for the following purpose: Resources in the Welcome Center Fund in excess of those required for the debt service on the Welcome Center will be transferred to the Fair & Expo Center Reserve fund. Fund: Dept: Requested by: Date: 170 Transient Room Tax Marty Wynne 1/5/2009