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HomeMy WebLinkAboutRes 028 - Transf Appropr - Road FundsDeschutes 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 2Il. 2015 Please see directions for completing this document on the next page. DATE: April 8, 2015 FROM: Wayne Lowry ~< Finance (541) 388-6559 TITLE OF AGENDA ITEM: Consideration and signature of Resolution #2015-028, transferring appropriation from Road Fund Contingency to Transfers Out in the Road Improvement Reserve Fund. PUBLIC HEARING ON THIS DATE? NO BACKGROUND AND POLICY IMPLICATIONS: Consideration of Resolution #2015-028. The payment received from Syncopation, related to the Burgess-Day-Pine Forest road improvement should be accounted for the in the Road Fund. In order to transfer the resources, an increase in the Transfers Out category is necessary. The Road Improvement Reserve Fund (335) will be inactivated effective June 30, 2015. FISCAL IMPLICATIONS: A transfer of appropriation from Road Fund Contingency to Transfers Out in the Road Improvement Reserve Fund is necessary. RECOMMENDATION & ACTION REQUESTED: Approval and signature of Resolution #2015-028. ATTENDANCE: Wayne Lowry DISTRIBUTION OF DOCUMENTS: Wayne Lowry, Finance Department 388-6559 Chris Doty, Road Department 322-7105 REVIEWED LEGAL COUNSEL For Recording Starn Only BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Transferring Appropriations * Within the Various Funds of the 2014-2015 RESOLUTION NO. 2015-028 * Deschutes County Budget and Directing Entries * WHEREAS, attached IS a request from the Road Department 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: 325-5000-501.97-01 Deschutes County Road Fund, Contingency $ 11,600 TO: 335-5000.491.96-59 Deschutes County Road Improvement Reserve Fund, Transfers Out, To Road Fund (325) $ 11,600 Section 2. That the Finance Director make the appropriate entries in the Deschutes County Budget document to show the above appropriations. DATED this _____---day of April, 2015. BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ANTHONY DEB ONE, Chair ATTEST: ALAN UNGER, Vice-Chair Recording Secretary TAMMY BANEY, Commissioner PAGF 1 OF I-RESOLCTION NO. 2015-028 (04i20i 15) Lacy Nichols From: Chris Doty Sent: Tuesday, March 24, 2015 11 :07 AM To: Wayne Lowry; Lacy Nichols Cc: Jeanine Faria; Kristi Putschler; Susan Bailey Subject: FW: Close out of Fund 335 Attachments: Appropriation Transfer Fund 335.xls WL/LN: Please accept the attached appropriation transfer request as our request for Finance to prepare a resolution to transfer the appropriation as noted. Thanks. Chris Doty, PE/PTOE, Director Deschutes County Road Department 61150 SE 27th Street / Bend, OR 97702 0: 541.322.7105/ C: 541.279.1134 Chris. Doty@co.deschutes.or.us -----Origi na I Message----­ From: Jeanine Faria Sent: Thursday, March 19,20153:56 PM To: Chris Doty Cc: Wayne Lowry; Lacy Nichols Subject: Close out of Fund 335 In order to transfer the resources remaining in Fund 335 "Road Improvement Reserve" to Fund 325, it will be necessary to increase the appropriation. Please review the attached and modify as necessary. Then, please send an email (with the Excel file attached) to Wayne, with a copy to lacy, requesting that Finance prepare a resolution to transfer the appropriation. Thanks. Jeanine Deschutes County Finance 541-385-1411 "" '''''*'~ ' '"" ' ____ __ __ __ ~_1,.f<"..,,"-",,,"_."'!k"';;·__"">'J'."""'~""_~""""''''''~ro_,''',;,._'N.i>,Y<IO'....<!"l'r;Ii<i,_'''l ...~"l'h.~I...'w.;;.fil!O<t_d',,_,...~._,,!M:i_~«l_""·"""i....It__"'~~"""""..,.,,'_\M,__ ___.a:..,s;~~,'"'' i .... ",I .. ,i-J..I,"'~,",'....~;;"'. '_"""'-""'.........",._~l<~1.,",.....,_,..~\,~ __W~....... __...1W Deschutes County Appropriation Transfer Request Line Number Category Description Item (HTE 14 digit code) (Pers, M&S, Cap Out, Contingency) (Element-Object, e.g. Time Mgmt, Temp Help, Computer Hardware) 1 335-5000-491.96-59 Transfers Out To Road Fund (325) 2 325-5000-501-97.01 Contingency Contingency TOTAL Current Budgeted Amount To (From) Revised Budget 1,000 11,600 12,600 1,936,501 (11,600) 1,924,901 1,937,501 -1,937,501 A transfer of appropriation is required for the following reason and will be used for the following purpose: The payment received from Syncopation, related to the Burgess-Day-Pine Forest road improvement should be accounted for in the Road Fund. In order to transfer the resources, an increase in the Transfers Out category is necessary. Fund 335 will be inactivated effective June 30, 2015. Fund: Dept: Requested by: Date: Road Improvement Reserve Road Department Chris Doty