HomeMy WebLinkAboutRes 019 - Transfer Appropr - Fair-Expo 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 25, 2009
Please see directions for completing this document on the next page.
DATE: February 17, 2009
FROM: Marty Wynne Finance Phone # (541) 388 -6559
TITLE OF AGENDA ITEM:
Consideration and signature of Resolution #2009 -019, transfer of appropriation in the Fair & Expo
Center Fund.
PUBLIC HEARING ON THIS DATE? NO
BACKGROUND AND POLICY IMPLICATIONS:
Consideration of Resolution #2009 -019, transfer of appropriation in the Fair & Expo Center Fund. An
error was made in the allocation of the debt service payments required on Full Faith and Credit (FF&C)
2005 and FF &C 2007 for the RV Park Fund (601) and the Fair & Expo Center Fund (618). Additional
appropriation is required in the Debt Service Category for FY 2009.
FISCAL IMPLICATIONS:
A transfer of appropriation from Contingency to Debt Service for $32,040 is necessary.
RECOMMENDATION & ACTION REQUESTED:
Approval and signature of Resolution #2009 -019.
ATTENDANCE: Marty Wynne
DISTRIBUTION OF DOCUMENTS:
Marty Wynne, Finance Department 388 -6559
Dan Despotopulos, Fair & Expo Center 548 -2711
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
Deschutes County Budget and Directing Entries *
* RESOLUTION NO. 2009 -019
WHEREAS, attached is an e-mail from the Fair & Expo Center Director requesting a transf ;r
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 DESCHUTF S
COUNTY, OREGON, as follows:
Section 1.
FROM:
TO:
That the following transfers of appropriations be made:
618- 9600 - 501.97 -01.
618- 9600 - 471.81 -01
TO: 618- 9600 - 472.81 -02
Deschutes County Fair & Expo Center
Contingency
Deschutes County Fair & Expo Center
Debt Service, Principal
Deschutes County Fair & Expo Center
Debt Service, Interest
$32,040
$17,027
$15,013
Section 2. That the Finance Director make the appropriate entries in the Deschutes Coun :y
Budget document to show the above appropriations.
DATED this th day of February, 2009.
ATTEST:
Recording Secretary
PAGE 1 OF 1 -RESOLUTION NO. 2009-019 (2/25/09)
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:
Attachments:
Fund 601 and 618
Appropriation...
Marty:
Dan Despotopulos
Wednesday, February 18, 2009 7:57 AM
Marty Wynne
Lacy Nichols; Jeanine Faria
Fund 601 and 618 Appropriation Transfer.xls
Call if you have any questions?
Dan
1
Deschutes County
Appropriation Transfer Request
A transfer of appropriation is required for the following reason and will be used for the following purpose:
An error was made in the allocation of the debt service payments required on FF &C 2005 and FF &C 2007 for the RV Park (Fund 601) and the
Fair & Expo Center (Fund 618). Additional appropriation is required in the Debt Service category for FY 2009
Fund:
Dept:
Requested by:
Date:
618
Fair & Expo Center
Dan Despotopulos
1/21/2009
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
618 - 9600 - 471.81 -01
Debt Service
Principal
38,250
17,027
55,277
2
618 - 9600 - 472.81 -02
Debt Service
Interest
46,814
15,013
61,827
3
618- 9600 - 501.97 -01
Contingency
Contingency
192,325
(32,040)
160,285
TOTAL 277,389 - 277,389
A transfer of appropriation is required for the following reason and will be used for the following purpose:
An error was made in the allocation of the debt service payments required on FF &C 2005 and FF &C 2007 for the RV Park (Fund 601) and the
Fair & Expo Center (Fund 618). Additional appropriation is required in the Debt Service category for FY 2009
Fund:
Dept:
Requested by:
Date:
618
Fair & Expo Center
Dan Despotopulos
1/21/2009