To: Board of Supervisors
From: Public Works
Agenda Section: Consent
Vote Requirement: 4/5th
SUBJECT:
title
Appropriation Transfer for Fiscal Year 2024-25 for the Public Works, Roads Engineering Budget, 1200321, in the Amount of $900,000 (4/5 Vote Required)
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Approve the appropriation transfer (Attachment 1) for fiscal year (FY) 2024-25 in the amount of $900,000 to increase the Fixed Asset, Infrastructure line (8940) and reduce the Services and Supplies, Professional & Special Service line (2118) in the Roads Engineering budget (1200321). (4/5 Vote Required)
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STRATEGIC PLAN:
This action supports the following areas of your Board’s Strategic Plan.
Area of Focus: Core Services/Other
Strategic Plan Category: 9999 - Core Services/Other
DISCUSSION:
Public Works would like to do an appropriation transfer between the Services and Supplies - Professional Services line (2118) in the Roads Engineering budget (1200321) and the Fixed Asset - Infrastructure line (8940) in the Roads Engineering budget (1200321) in the amount of $900,000 for FY 2024-25.
SOURCE OF FUNDING:
Road Fund (1200)
FINANCIAL IMPACT:
|
Expenditures (1200321) |
FY24-25 |
|
Budgeted Expenses |
$24,288,732 |
|
Total Expenditures |
$24,288,732 |
*Projected amounts are estimates and are subject to change.
|
Funding Sources (1200321) |
FY24-25 |
|
Use of Fund Balance |
$24,288,732 |
|
Total Funding Sources |
$24,288,732 |
*Projected amounts are estimates and are subject to change.
Narrative Explanation of Financial Impact:
This item recommends a transfer of funds to the line item where expenses were incurred in FY 2024-25 for the Public Works Roads Engineering budget (1200321). An appropriation transfer of $900,000 from the Professional Services line (2118) to the Infrastructure Fixed Asset line (8940) is requested. The overall total expenditures for the Roads Fund will not increase.
Narrative Explanation of Staffing Impact:
N/A
OTHER AGENCY INVOLVEMENT:
N/A
ALTERNATIVES TO STAFF RECOMMENDATIONS:
Your Board could choose not to approve the appropriation transfer. This is not recommended as it would result in expenditures in excess of appropriations for the Fixed Asset category.
ATTACHMENTS:
1. Appropriation Transfer 1200321
PREVIOUS ACTION/REFERRAL:
Meeting of: N/A
File No.: N/A