To: Board of Supervisors
From: Public Works
Agenda Section: Consent
Vote Requirement: Majority
SUBJECT:
title
Appropriation Transfers to Increase a Fixed Asset Line for the Roads Engineering Budget, 1200321 for Fiscal Year (FY) 2023-24
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the appropriation transfer (Attachment 1) to increase a fixed asset line in FY 2023-24 for the storm damage repair project in the Roads Engineering budget, 1200321.
2. Approve the appropriation transfer (Attachment 2) to increase a fixed asset line in FY 2023-24 for the storm damage repair project in the Roads Engineering budget, 1200321, and reducing the salary and benefits in FY 2023-24 in the Roads Maintenance budget, 1200325.
Body
SOURCE OF FUNDING:
Road Fund (1200)
DISCUSSION:
In FY 2023-24, the Humboldt County Department of Public Works experienced storm damage expenditures for fixed assets that were over the appropriation in the Roads Engineering budget, 1200321. Public Works is requesting that your Board approve the appropriation transfers to balance the Road Engineering budget, 1200321.
Public Works would like to transfer funds between the salary and benefits line to the Infrastructure line in the Roads Engineering budget, 1200321, in FY 2023-24 and move allocations from the Roads Maintenance budget, 1200325, salary and benefits to the Roads Engineering budget, 1200321 Infrastructure line in fiscal year FY 2023-24.
FINANCIAL IMPACT:
|
Expenditures |
1200321 FY 23-24 |
1200325 FY 23-24 |
|
Budgeted Expenses |
$24,012,582 |
$17,051,560 |
|
Additional Appropriation Requested |
$811,967 |
$-811,967 |
|
Total Expenditures |
$24,824,549 |
$16,239,593 |
|
Funding Sources |
1200321 FY 23-24 |
1200325 FY 23-24 |
|
Use of Fund Balance |
$24,824,549 |
$16,239,593 |
|
Total Funding Sources |
$24,824,549 |
$16,239,593 |
Narrative Explanation of Financial Impact:
This item recommends transferring funds to the line items where expenses were incurred in FY 2023-24 for the Roads Engineering budget, 1200321.
The overall total expenditures for the Roads Fund will not increase. The appropriation transfers are moving funds to cover the storm damage expenditures that are budgeted in the Roads Engineering budget, 1200321
Narrative Explanation of Staffing Impact:
None.
STRATEGIC FRAMEWORK:
This action supports the following areas of your Board’s Strategic Framework.
Core Roles: Provide for and maintain infrastructure
New Initiatives: Manage our resources to ensure sustainability of services
Strategic Plan: 2.1 - Improve transportation network to be properly-maintained, multi-model and energy efficient (e.g. roads, trails, public transportation and commercial airline)
OTHER AGENCY INVOLVEMENT:
None.
ALTERNATIVES TO STAFF RECOMMENDATIONS:
Your Board could choose not to approve the appropriation transfers. This is not recommended because it would result in expenditures in excess of appropriations.
ATTACHMENTS:
1. Appropriation Transfer 1200321
2. Appropriation Transfer 1200321
PREVIOUS ACTION/REFERRAL:
Board Order No.: N/A
Meeting of: N/A
File No.: N/A