HomeMy WebLinkAboutRes. 2009-038, Transfer Appropriation in Jamison Acquisition & Remodel 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 22, 2009
Please see directions for completing this document on the next page.
DATE: April 9, 2009
FROM: Marty Wynne Finance Phone # (541) 388 -6559
TITLE OF AGENDA ITEM:
Consideration and signature of Resolution #2009 -038, transfer of appropriation within the Jamison
Acquisition & Remodel Fund.
PUBLIC HEARING ON THIS DATE? NO
BACKGROUND AND POLICY IMPLICATIONS:
Consideration of Resolution #2009 -038, transfer of appropriation within the Jamison Acquisition &
Remodel Fund. Due to a delay in the issuance of the Full Faith & Credit 2009A bonds, the inter -fund
interest payment will exceed the amount currently appropriated.
FISCAL IMPLICATIONS:
A transfer of appropriation from the Capital Outlay category to the Debt Service category in the amount
of $11,000 is necessary.
RECOMMENDATION & ACTION REQUESTED:
Approval and signature of Resolution #2009 -038.
ATTENDANCE: Marty Wynne
DISTRIBUTION OF DOCUMENTS:
Marty Wynne, Finance Department 388 -6559
. EVIEr D
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LEGAL COUNSEL
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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 -038
Deschutes County Budget and Directing Entries *
WHEREAS, attached is a document 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 DESCHUTES
COUNTY, OREGON, as follows:
Section 1. That the following transfers of appropriations be made:
FROM: 457- 0800 - 419.92 -10 Deschutes County Jamison Acquisition and,
Remodel, Building Remodel $11,000
TO: 457- 0800 - 472.81 -02 Deschutes County Jamison Acquisition and
Remodel, Debt Service, Interest $11,000
Section 2. That the Finance Director make the appropriate entries in the Deschutes County
Budget document to show the above appropriations.
DATED this nd day of April, 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 -038 (4/22/09)
Deschutes County
Appropriation Transfer Request
A transfer of appropriation is required for the following reason and will be used for the following purpose:
Due to a delay in the funding of the Full Faith & Credit 2009A, the inter -fund interest will exceed the amount currently appropriated.
Fund:
Dept:
Requested by:
Date:
Jamison Acq & Remodel
BOCC
Marty Wynne
3/26/2009
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
457 - 0800 - 419.92 -10
Capital Outlay
Building Remodel
502,485
(11,000)
491,485
2
457 - 0800 - 472.81 -02
Debt Service
Interest
60,000
11,000
71,000
TOTAL 562,485 -
562,485
A transfer of appropriation is required for the following reason and will be used for the following purpose:
Due to a delay in the funding of the Full Faith & Credit 2009A, the inter -fund interest will exceed the amount currently appropriated.
Fund:
Dept:
Requested by:
Date:
Jamison Acq & Remodel
BOCC
Marty Wynne
3/26/2009