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HomeMy WebLinkAboutRes 107 - Transfer Appropr - General FundDeschutes County Board of Commissioner' 1300 NW Wall St., Suite 200, Bend, OR 97701 - 1960 (541) 388 -6570 - Fax (541) 385 -3202 - www.deschutes.orp, AGENDA REQUEST & STAFF REPORT For Board Business Meeting of June 29, 2009 Please see directions for completing this document on the next page. DATE: June 29, 2009 FROM: Jeanine Faria for Marty Wynne Finance Phone # (541) 388 -6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2009 -107, transfer of appropriation in the Deschutes County General Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2009 -107 , transfer of appropriation in the Deschutes County General Fund. Expenditures for a payment to Law Enforcement District #2 will be in excess of the amount budgeted due to a projected shortfall in the room tax collections. The shortfall will be made up by increasing the payment from the General Fund. FISCAL IMPLICATIONS: A transfer of appropriation from Contingency to Materials & Service for $300,000 is required. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2009 -107. ATTENDANCE: Marty Wynne DISTRIBUTION OF DOCUMENTS: Marty Wynne, Finance Department 388 -6559 For Recording Stamp Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Transferring Appropriations Within the General Fund of the 2008 -2009 Deschutes County Budget and Directing Entries * RESOLUTION NO. 2009 -107 WHEREAS, attached is an e -mail from the Finance Department requesting a transfer If 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 DESCHUTES COUNTY, OREGON, as follows: Section 1. That the following transfers of appropriations be made: FROM: 001 - 4500 - 501.97 -01 General Fund, Non - Departmental, Contingency $300,000 TO: 001 - 4500- 419.59 -17 General Fund, Non - Departmental, Materials & Services, Law Enforcement District #2 $300,000 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 June, 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 -107 (6/29/09) Jeanine Faria From: Jeanine Faria Sent: Monday, June 29, 2009 8:29 AM To: Lacy Nichols Subject: Appropriation Transfer Due to a projected shortfall in the room taxes to be received in Fund 160 "Transient room Tax ", the General Fund will need additional appropriation so that the shortfall can b= made up by increasing the payment to Law Enforcement District #2. A transfer of appropriation is required. See attached worksheet. Jeanine Faria 1 Deschutes County Appropriation Transfer Request A transfer of appropriation is required for the following reason and will be used for the following purpose: Appropriation required to make additional payment to Law Enforcement District #2 due to projected shortfall in Transient Room Tax Collections Fund: Dept: Requested by: Date: General Fund Non - Departmental Jeanine Faria 6/26/2009 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 1 001 - 4500 - 501.97 -01 Contingency Contingency 5,189,586 (300,000) 4,889,586 2 001- 4500 - 419.59 -17 Materials & Services Law Enforcement Dist #2 Rural 214,980 300,000 514,980 TOTAL 5,404,566 - 5,404,566 A transfer of appropriation is required for the following reason and will be used for the following purpose: Appropriation required to make additional payment to Law Enforcement District #2 due to projected shortfall in Transient Room Tax Collections Fund: Dept: Requested by: Date: General Fund Non - Departmental Jeanine Faria 6/26/2009