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HomeMy WebLinkAboutRes 2009-033 - Transfer Appropriation - 9-1-1 Service District 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 April 8, 2009 Please see directions for completing this document on the next page. DATE: March 23, 2009 FROM: Marty Wynne Finance Phone # (541) 388 -6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2009 -033, transfer of appropriation in the Deschutes County 911 County Service District Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2009 -033, transfer of appropriation in the Deschutes County 911 County Service District Fund. An amount appropriated as Debt Service will be accounted for as Materials & Service because the County, not the District, borrowed the funds for the OSP Capital Project. Due to the timing of the borrowing, the amount required is less than originally estimated. FISCAL IMPLICATIONS: A transfer of appropriation from Debt Service to Contingency and Materials & Service for $240,000 is necessary. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2009 -033. ATTENDANCE: Marty Wynne DISTRIBUTION OF DOCUMENTS: Marty Wynne, Finance Department 388 -6559 Becky McDonald, 911County Service District 388 -0185 For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ACTING AS THE GOVERNING BODY OF THE DESCHUTES COUNTY 911 COUNTY SERVICE DISTRICT A Resolution Transferring Appropriations Within the Various Funds of the 2008 -2009 Deschutes County 9 -1 -1 County Service District Budget and Directing Entries * * * RESOLUTION NO. 2009 -03 3 WHEREAS, attached is an appropriation transfer request from the Finance Director requesting a transfer of appropriations, and WHEREAS it is necessary to transfer appropriations within the Deschutes County 911 County Service District Budget to accommodate the request; now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, ACTING AS THE GOVERNING BODY OF THE DESCHUTES COUNTY 911 COUNTY SERVICE DISTRICT, as follows: Section 1. That the following transfers of appropriations be made: FROM: 705- 7500 - 471.81 -01 Deschutes County 911 County Service District, Debt Service Principal $240,000 TO: 705- 7500- 429.70 -42 Deschutes County 911 County Service District, Intergovernmental Expenditures $107,022 TO: 705- 7500 - 501.97 -01 Deschutes County 911 County Service District, Contingency $132,978 PAGE 1 OF 2- RESOLUTION NO. 2009-033 (04/08/09) Section 2. That the Finance Director make the appropriate entries in the Deschutes County 9 -1 -1 County Service District Budget document to show the above appropriations. DATED this th day of April, 2009. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, ACTING AS THE GOVERNING BODY OF THE DESCHUTES COUNTY 9 -1 -1 COUNTY SERVICE DISTRICT TAMMY BANEY, Chair ATTEST: DENNIS R. LUKE, Vice -Chair Recording Secretary ALAN UNGER, Commissioner PAGE 2 OF 2- RESOLUTION NO. 2009-033 (04/08/09) Deschutes County Appropriation Transfer Request A transfer of appropriation is required for the following reason and will be used for the following purpose: The amount appropriated as Debt Service will be accounted for as Materials & Services because it was the County, not the District, which borrowed the funds for the Capital Project. Due to timing of the borrowing, the amount required is less than originally estimated. Fund: Dept: Requested by: Date: Des Co 911 CSD 911 General Ops Rebecca McDonald 3/19/2009 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 1 705 - 7500 - 471.81 -01 Debt Service Principal 240,000 (240,000) - 2 705- 7500 - 429.70 -42 Materials & Services Deschutes County - 107,022 107,022 3 705 - 7500 - 501.97 -01 Contingency Contingency 4,356,685 132,978 4,489,663 TOTAL 4,596,685 - 4,596,685 A transfer of appropriation is required for the following reason and will be used for the following purpose: The amount appropriated as Debt Service will be accounted for as Materials & Services because it was the County, not the District, which borrowed the funds for the Capital Project. Due to timing of the borrowing, the amount required is less than originally estimated. Fund: Dept: Requested by: Date: Des Co 911 CSD 911 General Ops Rebecca McDonald 3/19/2009