HomeMy WebLinkAboutRes 030 - Transfer Appropr - PERS ReserveDeschutes 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 March 25, 2009
Please see directions for completing this document on the next page.
DATE: March 18, 2009
FROM: Marty Wynne Finance Phone # (541) 388 -6559
TITLE OF AGENDA ITEM:
Consideration and signature of Resolution #2009 -030, transfer of appropriation in the Deschutes
County PERS Reserve Fund.
PUBLIC HEARING ON THIS DATE? NO
BACKGROUND AND POLICY IMPLICATIONS:
Consideration of Resolution #2009 -030, transfer of appropriation in the Deschutes County PERS
Reserve Fund. A transfer of resources is required to offset anticipated decreases of Community
Development Department revenues.
FISCAL IMPLICATIONS:
A transfer of appropriation from Contingency to Transfers Out for $850,000 is necessary.
RECOMMENDATION & ACTION REQUESTED:
Approval and signature of Resolution #2009 -030.
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 -030
Deschutes County Budget and Directing Entries *
WHEREAS, attached is a request from the County Administrator requesting a transfer of
appropriations, and
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 DESCHUTIS
COUNTY, OREGON, as follows:
Section 1. That the following transfers of appropriations be made:
FROM: 135- 0800 - 501.97 -01 Deschutes County PERS Reserve,
Contingency $850,000
TO: 135- 0800 - 491.96 -41 Deschutes County PERS Reserve,
Transfers Out, Community Development $850,000
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 March, 2009.
BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON
TAMMY BANEY, Chair
ATTEST: DENNIS R. LUKE, Vice -Chair
Recording Secretary ALAN UNGER, Commissioner
PAGE I OF 1- RESOLUTION NO. 2009-030 (3/25/09)
Deschutes County
Appropriation Transfer Request
A transfer of appropriation is required for the following reason and will be used for the following purpose:
Transfer out required to offset decrease in anticipated Community Development Department revenues. Transfer amount of $850,000
includes transfers from General Fund in December 2003 and January 2004 totalling $700,000 plus accrued interest compounded
monthly.
Fund:
Dept:
Requested by:
Date:
PERS Reserve
BOCC
Dave Kanner
3/18/2009
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
135 - 0800 - 491.96 -41
Transfers Out
Community Development Dept
-
850,000
850,000
2
135- 0800 - 501.97 -01
Contingency
8,000,000
(850,000)
7,150,000
TOTAL 8,000,000 - 8,000,000
A transfer of appropriation is required for the following reason and will be used for the following purpose:
Transfer out required to offset decrease in anticipated Community Development Department revenues. Transfer amount of $850,000
includes transfers from General Fund in December 2003 and January 2004 totalling $700,000 plus accrued interest compounded
monthly.
Fund:
Dept:
Requested by:
Date:
PERS Reserve
BOCC
Dave Kanner
3/18/2009