HomeMy WebLinkAboutRes 013 - Transfer Appropr - Tax Improv 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 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 -013, transfer of appropriation in the 2000 Series l ,TD
Tax Improvement Fund.
PUBLIC HEARING ON THIS DATE? NO
BACKGROUND AND POLICY IMPLICATIONS:
Consideration of Resolution #2009 -013, transfer of appropriation in the 2000 Series LTD Tax
Improvement Fund. The debt has been paid off and the resources remaining in the debt service fun( l
(nearly $200) need to be transferred to the LID Fund (Fund 430), requiring an increase in the
appropration category Transfers Out.
FISCAL IMPLICATIONS:
A transfer of appropriation from Contingency to Transfers Out in the amount of $100 is necessary.
RECOMMENDATION & ACTION REQUESTED:
Approval and signature of Resolution #2009 -013.
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 2008 -2009 * RESOLUTION NO. 2009 -013
Deschutes County Budget and Directing Entries *
WHEREAS, attached is an e -mail from the Finance Department 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:
a transfer of
County Budget to
OF DESCHUT 3S
521 - 5000 - 501.97 -01 Deschutes County 2000 Series LTD Tax
Improvement, Contingency $100
521 -5000- 491.96 -22 Deschutes County 2000 Series LTD Tax
Improvement, Transfers Out, LID $100
Section 2. That the Finance Director make the appropriate entries in the Deschutes Cou aty
Budget document to show the above appropriations.
DATED this th day of February, 2009.
ATTEST:
Recording Secretary
PAGE 1 OF 1- REsoLUTIoN NO. 2009 -013 (2/11/09)
BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON
TAMMY BANEY, Chair
DENNIS R. LUKE, Vice -Chair
ALAN UNGER, Commissioner
Lacy Nichols
From:
Sent:
To:
Cc:
Subject:
Attachments:
Jeanine Faria
Thursday, January 22, 2009 9:08 AM
Marty Wynne
Lacy Nichols
Appropriation Transfer
Fund 521 Appropriation Transfer.xls
Fund 521
)propriation Transfe
Marty,
The debt has been paid in full on the 2000 LID borrowing from Bank of the Cascades. The
Transfer Out is only $100 (it was a place holder).
Please have Lacy prepare a resolution authorizing the increase in Transfers Out to
accommodate the close out of this fund.
Thanks.
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:
The debt has been paid off and the resources remaining in this debt service fund (nearly $200) need to be transferred to the LID Fund (Fund 430),
requiring an increase in the appropriation category "Transfers Out".
Fund:
Dept:
Requested by:
Date:
521
2000 Series LTD Tax Impr.
Marty Wynne
1/26/2009
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
521 - 5000 -491.96 -22
Transfers Out
To LID Fund (430)
100
100
200
2
521 - 5000 - 501.97 -01
Contingency
Contingency
55,010
(100)
54,910
TOTAL 55,110 - 55,110
A transfer of appropriation is required for the following reason and will be used for the following purpose:
The debt has been paid off and the resources remaining in this debt service fund (nearly $200) need to be transferred to the LID Fund (Fund 430),
requiring an increase in the appropriation category "Transfers Out".
Fund:
Dept:
Requested by:
Date:
521
2000 Series LTD Tax Impr.
Marty Wynne
1/26/2009